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"Final average compensation" means the average annual compensation <br /> received by a member for the three consecutive years of creditable service in which <br /> the highest compensation was received during the ten years of creditable service <br /> immediately preceding the termination of the member's employment. If a member <br /> has less than three consecutive years of creditable service, then the member's final <br /> average compensation shall be the average compensation received by the member <br /> during the number of the member's consecutive years of creditable service prior to <br /> such date. <br /> "Member" means a member of the retirement system as defined in this <br /> section. <br /> "Normal retirement age" means the later of the date that (a) the member <br /> attains the age of 65, or (b) the member completes thirty years of creditable <br /> service after attaining age 62. <br /> "Pension" means the annual payments for life which shall be payable in <br /> equal monthly installments to a retiree or to a beneficiary. <br /> "Plan sponsor" shall mean the City of' University City, a political <br /> subdivision of the state of Missouri. <br /> "Qualified military service shall have the same meaning as defined in <br /> section 414(u) of the Code. <br /> "Required Beginning Date" means April 1st of the calendar year following <br /> the later of the calendar year in which the member reaches age 70'/2 or the <br /> calendar year in which the member actually retires. <br /> "Retiree" means a member who has retired and is entitled to benefits from <br /> the retirement system. <br /> "Retirement date" means the first day of the month following a member's <br /> actual retirement after attainment of normal retirement age or early retirement age <br /> for reasons other than disability; provided, however, such member's normal <br /> retirement date may be extended by a member until the first day of any month <br /> thereafter, but in no event beyond the first day of the month following the date <br /> that the member attains age 70. <br /> "Retirement system" means the nonuniformed employees retirement <br /> system of the city. <br /> "Surviving spouse" means the spouse of a member at the date of his or her <br /> retirement or at the date of his or her death if he or she dies before retirement. <br /> B. Masculine pronouns shall include the corresponding pronouns of the <br /> feminine gender unless otherwise qualified by the context. <br /> Restated Nonuniformed Pension Plan—City of University City Page 6 <br />