50-1515. RESIGNATION OF POLICEMEN — REFUND OF DEDUCTIONS. A policeman who has been employed by a regularly constituted police department for a period of less than five (5) continuous years shall, upon termination of such employment, and upon application to the board of police retirement fund commissioners, be refunded one fourth (1/4) of the moneys deducted from his salary and placed in the police retirement fund. The amount to be refunded upon the application of a policeman who has been employed by said police department for a period of not less than five (5) years continuously shall be one third (1/3) of the moneys deducted from his salary and placed in the police retirement fund; for not less than ten (10) years continuous employment with said police department, one half (1/2) of the moneys deducted from his salary and placed in the police retirement fund shall, upon application, be refunded; and after having completed fifteen (15) years of continuous service with said police department, all moneys deducted from his salary and placed in the police retirement fund shall be refunded upon application of such policeman upon termination.
History:
[50-1515, added 1967, ch. 429, sec. 267, p. 1249.]
Structure Idaho Code
Title 50 - MUNICIPAL CORPORATIONS
Chapter 15 - POLICEMAN’S RETIREMENT FUND
Section 50-1501 - PURPOSE STATED.
Section 50-1502 - DEFINITIONS.
Section 50-1503 - ESTABLISHMENT OF RETIREMENT FUND.
Section 50-1505 - POLICEMAN’S RETIREMENT FUND.
Section 50-1506 - APPROPRIATION OF FUND.
Section 50-1507 - ADMINISTRATION OF FUND.
Section 50-1508 - ACTIONS BY AND AGAINST BOARD.
Section 50-1509 - EMPLOYEES OF BOARD.
Section 50-1510 - PERSONAL LIABILITY OF BOARD MEMBERS OR THEIR EMPLOYEES.
Section 50-1511 - AUDIT OF CLAIMS.
Section 50-1512 - TAX LEVY — SALARY DEDUCTIONS.
Section 50-1513 - CHAIRMAN OF BOARD — SECRETARIES — REPORTS.
Section 50-1514 - RETIREMENT OF POLICEMEN — RETIREMENT BENEFITS — LEAVE OF ABSENCE.
Section 50-1515 - RESIGNATION OF POLICEMEN — REFUND OF DEDUCTIONS.
Section 50-1516 - RETIREMENT FOR DISABILITY — DEATH BENEFITS — FUNERAL BENEFITS.
Section 50-1517 - BENEFITS EXEMPT FROM LEGAL PROCESS.
Section 50-1518 - CONSTRUCTION OF STATUTE.
Section 50-1519 - ROTARY EXPENSE FUND.
Section 50-1520 - INSURANCE OF RISKS.
Section 50-1521 - APPLICATION OF STATUTE.
Section 50-1522 - SEPARABILITY.
Section 50-1523 - FALSE CLAIMS — PENALTY.
Section 50-1524 - AUTHORITY TO CREATE POLICEMAN’S RETIREMENT FUND TERMINATED.