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2025-07ORDINANCE NO. 2025-07 AN ORDINANCE AMENDING CHAPTER 66 (PERSONNEL), ARTICLE II (RETIREMENT PLAN FOR GENERAL EMPLOYEES), DIVISION 7 (BENEFITS ON TERMINATION OF EMPLOYMENT), SECTION 167, AND ARTICLE III (RETIREMENT PLAN FOR PUBLIC SAFETY EMPLOYEES), DIVISION 7 (BENEFITS ON TERMINATION OF EMPLOYMENT), SECTION 407, REGARDING THE TREATMENT OF ACCUMULATED CONTRIBUTIONS FOR NON-VESTED PARTICIPANTS. BE IT ORDAINED, by the City Council of the City of Fairfax, Virginia, that Chapter 66, Article II, Section 167, and Article III, Section 407, in each case pertaining to the treatment of accumulated contributions for non-vested participants, be and hereby are amended to read in their entirety as follows: "CHAPTER 66 -PERSONNEL ARTICLE IL -RETIREMENT PLAN FOR GENERAL EMPLOYEES Sec. 66-167. -Refund of accumulated contributions. In the event of the termination of a participant's employment with the city, other than by retirement or death, or in the case of a participant who has completed fewer than five or seven years of credited service such that the participant is not vested in the participant's deferred retirement benefit, is not eligible to receive a deferred retirement allowance pursuant to section 66-168, in the event of the termination of�cipant's ms status as an eligible employee, the participant he may elect to receive in a lump sum a payment of the participant's ms accumulated contributions as of the at date of such termination of employment. If such election is not made on or nrior to the date that is 90 calendar days following the effective date of such termination of menLand the narticioant's accumulated corr or such diff�ent amoun shall be deemed to have elected pa.went of any of such accumulated contributions in a lum sum via rollover to an individual retirement account established for the pill1i_cipant. Any such payment shall cancel any rights of the participant to receive a deferred monthly retirement allowance under the provisions of section 66-168, and shall cancel any period of credited service previously credited to the participant. Sec. 66-407. -Refund of accumulated contributions. In the event of the termination of a participant's employment with the city, other than by retirement or death, or in the case of a participant who has completed fewer than five or seven years of credited service such that the participant is not vested in the participant's deferred retirement benefit, is not eligible to receive a deferred retirement allowance pursuant to section 66-408, in the event of the termination of the participant's ms status as an eligible employee, the participant he may elect to receive in a lump sum a payment of the partici� ms accumulated contributions as of the at date of such termination of employment. If such election is not made on or prior to the date that is 90 calendar days following the effective date of such termination of employment, and the lli!tlig.pant's accumulated contributions are more than $1.000 and less than •e 7.000. or such differeJ:!t amount as provided under Code Section 401(a)(3 l). the participant shall be deemed to have elected oavment of anv of such accumulated co sum via rollover to an individual retirement account established for the participant. Any such payment shall cancel any rights of the participant to receive a deferred monthly retirement allowance under the provisions of section 66-408, and shall cancel any period of credited service previously credited to the participant." 1