Newport News |
Code of Ordinances |
Chapter 31. PENSIONS AND RETIREMENT |
Article II. EMPLOYEES' RETIREMENT FUND |
Division 5. ELIGIBILITY FOR, RECEIPT AND AMOUNTS OF, RETIREMENT BENEFITS |
§ 31-51. Application for retirement benefits.
(a)
Employees who terminate service with a participating employer and are eligible to receive retirement benefits from the fund, must make written application for receipt of benefits on forms prescribed by the city's department of finance. Such application shall not be effective until received and accepted by the city's department of finance.
(b)
Retirement benefit payments shall begin accruing on the effective date of retirement and shall be payable monthly on the last working day of each month so long as the retiree is eligible to receive such payments.
(Ord. No. 6434-07, § 1)
(Ord. No. 6434-07, § 1)