§ 16.37-6. CALCULATION OF SERVICE CREDIT.  


Latest version.
  • The method, heretofore used under the San Francisco City and County Employees' Retirement System in calculating the amount of City and County service to be credited to members, in fixing disability and service retirement allowances and other benefits, in determining effective dates of membership in the Retirement System and in calculating members' contributions to the Retirement System, based upon the assumption that teachers, subsequent to first entering into their duties, are in City and County service throughout that part of the interims between school terms, during which they have been or shall be paid salary installments, is hereby approved solely for the purposes hereof and regardless of the status of such teachers under the state law. No adjustments affecting teachers under the Retirement System shall be made on the basis of payment of teachers' salaries in other than 12 monthly installments; provided, however, that this paragraph shall not prevent adjustments prior to termination of membership in the Retirement System, in contributions because of underpayments or overpayments of salary, nor shall it prevent the Retirement Board from modifying the method referred to in the first sentence of this paragraph, in the event that teachers' salaries shall be paid in other than 12 monthly installments, but such modification shall apply only to City and County service rendered thereafter.
    (Amended by Ord. 299-64, App. 11/9/64)