§ 16.88-4. MEMBER'S RIGHT TO REDUCE CONTRIBUTIONS.

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Any such member shall have the right to reduce his normal contributions under the system on account of his compensation in any position, except positions to which this Section is not applicable pursuant to Section 16.88-1, at his option to be exercised by an election in writing on a form furnished by the system, said election to be effective on the first day of the month next following the date on which it is filed in the office of the system.
Such reduction of normal contributions shall apply only to time during which said member is covered under the act, on and after the effective date of such election, and the amount of such reduction, which may be changed from time to time by said member in accordance with rules and regulations of the Retirement Board, shall not be more in any month than the amount of contributions deducted from his compensation for such month on account of his coverage under the old-age survivors and disability insurance provisions of the Federal Social Security Act.
(Added by Ord. 488-59, App. 9/14/59)

                    
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