Section 881.213 - Vesting(a) Should a contributor, before reaching superannuation retirement age and after having completed twelve years of total service, for any reason cease to be a municipal employe, he shall be entitled to vest his retirement benefits until he attains superannuation retirement age, by filing with the board a written notice of his intentions to vest, within ninety days of the date of his termination of employment. Accumulated deductions will include interest from date of termination until the earlier of the date of the commencement of the annuity or the date of payment of member contributions.(b) A contributor, who was terminated by the municipality not voluntarily, may elect, after he has vested, to be paid as follows:(1) The full amount of the accumulated deductions, including interest; or(2) An early retirement allowance as computed under the provisions of clause (2) of section 210; or(3) Upon reaching superannuation retirement age, a superannuation retirement allowance as computed under the provisions of section 208.(c) A contributor, who voluntarily terminated his employment, may elect, after he has vested, to be paid as follows:(1) The full amount of the accumulated deductions, including interest; or(2) If the contributor has completed twenty-four years or more of total service, a voluntary withdrawal allowance computed in accordance with the provisions of section 210; or(3) Upon reaching superannuation retirement age, a superannuation retirement allowance as computed under the provisions of section 208.(d) Should a contributor, who has vested, die before he becomes eligible for a retirement allowance, the full amount of the accumulated deductions plus the balance in the member's excess investment account, including interest to the date of his death, standing to his credit in the member's account of the fund shall be paid to his estate or to his named beneficiary in accordance with the provisions of subsection (d) of section 207.(e) Upon the termination of the retirement plan, all members, regardless of credited service, shall be deemed fully vested in their accrued benefit to the extent the benefits provided under the plan are funded as of the date of termination.1974, Feb. 1, P.L. 34, No. 15, § 213, effective in 90 days. Amended 1978, Jan. 4, P.L. 1, No. 1, § 3, imd. effective; 1980, May 17, P.L. 135, No. 50, § 8, effective in 60 days; 2010, July 9, P.L. 434, No. 56, § 12, imd. effective.