The Employer Contribution Sub-Account of a member who terminates employment with a participating employer before that sub-account is vested under <cite data-path="|22A|§7-2">§ 7-2 {“Vesting: Employer Contribution Sub-Account”} of this article</cite> is forfeited as of the date of the member’s termination of employment, unless that member is reemployed by a participating employer within 30 days after termination of employment. Ord. 14-216 Ord. 20-458

Forfeitures under this subtitle will be held in a separate Forfeiture Account for bookkeeping purposes. Ord. 14-216

If, following forfeiture of a member’s Employer Contribution Sub-Account, the member provides the Board with an SSA determination of disability under <cite data-path="|22A|§9-3">§ 9-3 {“Distributable events – Disability”} of this article</cite>, the Employer Contribution Sub-Account will be restored out of the Forfeiture Account and distributed, without any adjustment for earnings or losses, to the member. If the Forfeiture Account has insufficient funds to fully restore the Employer Contribution Sub-Account, the appropriate employer must make a contribution in the amount necessary for full restoration. Ord. 14-216

After the end of each Plan Year, any amount remaining in the Forfeiture Account after all Employer Contribution Sub-Accounts are restored under <cite data-path="|22A|§8-3">§ 8-3 {“Restoration”} of this subtitle</cite> will be used to defray reasonable Plan administrative expenses. Any amount remaining in the Forfeiture Account after all reasonable Plan administrative expenses are defrayed will be used to reduce the employer contribution required under <cite data-path="|22A|§5-3">§ 5-3 {“Employer contributions”} of this article</cite> for the plan year in which the forfeiture occurred. Ord. 14-216