(a)     Member contributions. Commencing with the first pay period after an Employee has satisfied the eligibility requirements of section 20-128 and continuing thereafter during his period of Credited Service, a Member shall contribute by payroll deduction seven (7) percent of his Earnings.

(1)     Those Members under section 20-129(a)(2) who elect the later Normal Retirement Date of age fifty (50) and twenty (20) years of Credited Service shall continue to contribute six (6) percent of Earnings in effect at the date of disability where contributions are otherwise required under the Plan in order to continue to accrue Credited Service during periods of approved disability.

(2)     The Member contributions are to be "picked-up" by the City for all compensation earned after the effective date of Ordinance No. C-86-57. In determining tax treatment under the United States Internal Revenue Code, all contributions, although designated as Employee contributions and accumulating in individual Employee accounts, are to be paid ("picked-up") directly by the City in lieu of contributions being paid directly by the Employee. This Plan prohibits an Employee from directly receiving "picked up" amounts. A Member is one hundred (100) percent vested in his portion of City ("picked-up") contributions at all times.

(3)     During periods of authorized leave of absence, suspension or service in the armed forces of the United States, a Member shall continue to contribute the applicable percentage of his Earnings to the Fund in a manner approved by the Board, except that no contributions shall be required of a Member for time spent in the military service of the Armed Forces of the United States for which that Member is entitled to Creditable Service in accordance with the provisions of section 20-127, Definitions, Creditable Service.

(4)     In the event of recovery of a Member who has been determined to have a Local Law/Service Incurred Disability under Section 20-129(c)(1) and in the event of recovery of a Member who has been determined to have a Local Law/Non-Service Incurred Disability under Section 20-129(c)(2), a Member resuming his position may receive Creditable Service for the period of such disabilty retirement, as well as for the period of Continuous Service prior to the date of his disability upon paying into the Fund an amount equal to the aggregate contributions, plus interest at a rate to be determined by the Board (computed upon his Earnings at the time of disability) which he would have been required to pay hereunder during the period of his disability, had he not been receiving Local Law/Service Incurred Disability Retirement Benefits under Section 29-129(c)(1) or Local Law/Non-Service Incurred Disability Retirement Benefits under Section 29-129(c)(1).

(b)     State contributions. All state and other contributions received by the City under the provisions of Chapters 175 or 185, Florida Statutes shall be deposited by the City immediately, and under no circumstances more than five (5) days after receipt, with the Board of Trustees.

(c)     City contributions. So long as this System is in effect the City shall make an annual contribution to the Fund in an amount equal to the difference in each year as between the total of aggregate Member contributions for the year plus state contributions for the year and the amount necessary for the year to maintain the system on a sound actuarial basis as shown by the most recent actuarial valuation and report for the system. The total cost for any year shall be defined as the total of normal cost plus the additional amount sufficient to amortize the accrued past service liability over a forty-year period commencing on January 3, 1973. City contributions shall be deposited at least quarterly, but nothing herein shall preclude the City from depositing the actuarially equivalent City contributions annually.

(d)     Guaranteed refund of Member contributions. All retirement, death and disability benefits payable under this System are in lieu of a refund of Member contributions. In any event, however, each Member shall be guaranteed the payment of benefits at least equal in total amount to his accumulated contributions plus three (3) percent interest.

(e)     Miscellaneous. All monies representing Member and City contributions and monies from all other sources whatsoever, including contributions made by the State of Florida and held by or in custody of the City or any other entity, including insurance carriers or trustees, for the purposes of funding pension benefits for Members herein, shall be included in this Fund, including any interest gathered by these monies, and shall be transferred into this Fund.