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The base salary and compensation of any employee taken into account under this chapter <br />for any year shall not exceed the limit set forth in the Internal Revenue Code, Section <br />401(a)(17), as adjusted for cost-of-living increases in accordance therewith. <br />2. Section 2.62.150(H) is amended to read as follows: <br />H. 1. There shall be paid to current retirees, except those receiving benefits under <br />Section 2.62.080(B), within the classifications scheduled below, and to current <br />beneficiaries whose spouses retired within these classifications, the additional <br />amounts scheduled; said amounts are in addition to any other benefits they are <br />now entitled to receive: <br /> Additional <br />Classification Benefit Per Month <br /> Retired prior to Oct. 1, 1982 $125.00 <br /> Retired after Oct. 1, 1982 <br /> but prior to Jan. 1, 1987 25.00 <br />2. Provide to all retirees and beneficiaries, other than children, who retired prior to <br />January 1, 1992, who are presently receiving benefits and who terminated <br />employment after eligibility for retirement, a monthly benefit increase of <br />twenty-five dollars ($25.00) effective December, 1992. The minimum monthly <br />payment for these retirees and beneficiaries is three hundred twenty-five dollars <br />($325.00); <br />3. Provide to all retirees and beneficiaries, other than children, who retired prior to <br />January 1, 1997, who are presently receiving benefits or will be receiving benefits <br />prior to January 1, 1997, and who terminated employment after eligibility for <br />retirement, a monthly benefit increase of twenty-five dollars ($25.00) effective <br />January 1, 1997; <br />4. Provide to all retirees and beneficiaries, other than children, who retired prior to <br />July 1, 1999, who are presently receiving benefits and who terminated <br />employment after eligibility for retirement, a monthly benefit increase of forty <br />dollars ($40.00) effective January 1, 2000; <br />5. Provide to all retirees and beneficiaries, other than children, who retired prior to <br />July 1, 2000, who are presently receiving benefits and who terminated <br />employment after eligibility for retirement, a monthly benefit increase of twenty- <br />five dollars ($25.00) effective January 1, 2002. <br />6.Provide to all retirees and beneficiaries, other than children, who retired prior to <br />January 1, 2004, who are presently receiving benefits and who terminated <br /> <br />