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BILL NO. ORDINANCE NO. <br />AN ORDINANCE AMENDING CHAPTER 2.64 OF THE UNIVERSITY CITY <br />MUNICIPAL CODE, RELATING TO NONUNIFORMED EMPLOYEES <br />RETIREMENT SYSTEM, BY REPEALING SECTION 2.64.230 THEREOF, <br />RELATING TO INCREASE IN MONTHLY BENEFITS, AND ENACTING IN LIEU <br />THEREOF A NEW SECTION TO BE KNOWN AS “SECTION 2.64.230 INCREASE <br />IN MONTHLY BENEFITS,” THEREBY AMENDING SAID SECTION SO AS TO <br />INCREASE THE MONTHLY BENEFITS TO ALL RETIREES WHO RETIRED <br />PRIOR TO JANUARY 1, 2007, BY TWENTY FIVE DOLLARS ($25), EFFECTIVE <br />JULY 1, 2007. <br /> BE IT ORDAINED BY THE COUNCIL OF THE CITY OF UNIVERSITY CITY, <br />MISSOURI, AS FOLLOWS: <br />Section 1. Chapter 2.64 of the University City Municipal Code, relating to nonuniformed <br />employees retirement system, is hereby amended by repealing Section 2.64.230 thereof, relating to <br />increase in monthly benefits, and enacting in lieu thereof a new section to be known as “Section <br />2.64.230 Increase in monthly benefits;” so that said section, as so amended, shall read as follows: <br />2.64.230 Increase in monthly benefits. <br />A. All retirees and beneficiaries shall continue to receive the increases in monthly <br />benefits previously authorized by ordinance. Said increases are as follows: <br />1. Effective February 23, 1987, a monthly increase of ten percent (10%) to retirees <br />who retired prior to September 1, 1981, and to beneficiaries whose spouses <br />retired prior to September 1, 1981, provided such retirees and beneficiaries were <br />receiving benefits as of February 23, 1987; <br />2. Effective January 1, 1990, a monthly increase of ten dollars ($10) to all retirees <br />who retired prior to January 1, 1989, and to their beneficiaries, provided such <br />retirees and beneficiaries were receiving benefits as of January 1, 1990; <br />3. Effective December 1992, a monthly increase of twenty-five dollars ($25) to all <br />retirees who retired prior to July 1, 1991, and to their beneficiaries other than <br />children, provided such retirees and beneficiaries were receiving benefits as of <br />December 1992. <br />B. Effective January 1, 1995, all retirees who retired prior to June 1, 1994, and whose <br />employment terminated after they became eligible for retirement pursuant to this <br />chapter, and their beneficiaries other than children, shall receive a monthly benefits <br />increase of ten dollars ($10), provided such retirees and beneficiaries were receiving <br />benefits as of January 1, 1995. <br />C. Effective July 1, 1998, all retirees who retired prior to December 31, 1996, and whose <br /> <br />