§ 23-111. Continuation in certain pension and other plans by public employees.

(a)

Welfare or benefit plans. A public employee may continue in a bona fide employee welfare or benefit plan maintained by a former employer, provided that such former employer makes no contribution on behalf of such employee with respect to the period of his public employment, except that such former employer may make contributions on behalf of all employees who leave such employer's employment.

(b)

Profit sharing or stock bonus plan. The rights of a public employee acquired under a bona fide profit sharing or stock bonus plan maintained by the former employer shall be retained by such employee, provided the former employer makes no contributions on behalf of the employee based upon profits derived during the period of his public employment.

(Code 1961, § 13-44)