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7001
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Last modified
11/2/2015 11:04:34 AM
Creation date
11/2/2015 11:04:34 AM
Metadata
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Template:
City Ordinances
Passed
10/26/2015
Ordinance Number
7001
Bill Number
9275
Introdate
10/12/2015
Description
Amends non-uniform retirement system - eleiminates early retirement benefit on a disability benefit
Introduced By
Councilmember Glickert
Year
2015
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EXHIBIT B. NONUNIFORMED EMPLOYEES RETIREMENT SYSTEM <br /> SECTION 130.530 EARLY SERVICE RETIREMENT <br /> A. Any member may retire on his or her retirement date after attaining early <br /> retirement age upon the member's written application to the board of trustees not <br /> less than thirty (30) days nor more than ninety (90) days prior to such date. <br /> B. Upon retirement at the member's early service retirement date the member shall <br /> receive benefits under either subsection(B)(1) or(2) of this section: <br /> 1. A pension beginning on the member's normal service retirement date <br /> calculated as for normal service and final average compensation as of the <br /> member's early service retirement date; or <br /> 2. A pension beginning on the day after the employee retires from the city's <br /> service and prior to his or her normal service retirement date which is the <br /> actuarial equivalent of the pension under subsection(B)(1) of this section. <br /> C. A member who is receiving a disability retirement benefit pursuant to Section <br /> 130.540 shall not be eligible to receive an early retirement benefit pursuant to this <br /> section. <br /> SECTION 130.540 DISABILITY RETIREMENT <br /> A. A member who becomes disabled due to injury or illness, regardless of length of <br /> service, shall be eligible for a disability benefit up to sixty-seven percent (67%) of <br /> his or her compensation, provided solely from a long-term disability insurance <br /> policy purchased by the fund. The terms, conditions, and amount of such <br /> disability benefit (including, but not limited to, the definition of disability, the <br /> criteria for determining disability, rules and procedures regarding medical <br /> examinations, any elimination period, the commencement and duration of <br /> payments, offsets for other benefits or payments, and application procedures) <br /> shall be governed by the provisions of the insurance contract purchased by the <br /> board of trustees. The policy premiums shall be paid from the non-uniformed <br /> employees retirement fund. <br /> B. Should a member receiving disability insurance payments again become an <br /> employee the employee's disability insurance payments shall cease and the <br /> employee shall immediately become a member of the retirement system as of the <br /> date of re-employment. His or her creditable service at the time of his or her <br /> disability shall be restored in full force and effect unless the member has <br /> withdrawn his or her accumulated contributions as permitted under Section <br /> 130.520. B. <br />
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