§ 35.091. VESTING.  


Latest version.
  • Participants shall become entitled to normal retirement benefits under the plan in accordance with the following vesting schedule:

    Complete Years of
    Credited Service
    Vested
    Percentage
    5 50%
    6 60%
    7 70%
    8 80%
    9 90%
    10  100%

     

(Code 1980, § 18-79; Ord. No. 13-74, passed 4/22/74; Am. Ord. No. 67-84, passed 9/25/84; Am. Ord. No. 105-84, passed 1/15/85; Am. Ord. No. 45-87, passed 5/26/87; Am. Ord. No. 78-93, passed 12/7/93)