§ 154-398. Additional payment for participation.  


Latest version.
  • In the event that any employee of Fulton County who was employed on the effective date of this division, shall fail to file the election required by section 154-397, on or before six months following the effective date of this division, such employee shall not be entitled to claim credit for any service rendered prior to his election to participate in the pension fund created by this division, unless he shall pay, in addition to the sums required by section 154-397, a sum which when added to the sums required to be paid by section 154-397 shall be sufficient to actuarially fund the benefit to which such individual shall become entitled to under the provisions of this division, plus the cost of the actuary for the pension fund for computing such sum.

(Code 1983, § 24-3-88)