My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
5893
Public Access
>
City Council Ordinances
>
1992
>
5893
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
12/6/2004 2:48:49 PM
Creation date
11/5/2014 12:20:14 PM
Metadata
Fields
Template:
City Ordinances
Passed
12/14/1992
Ordinance Number
5893
Bill Number
8105
Introdate
12/14/1992
Description
Amdg Chap 25-21 - Schedule of Retirement Benefits, amending it to provide for a $25 monthly benefit increase
Introduced By
Adams
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
6
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
presently receiving benefits, and who terminated employment <br />after eligibility for retirement, a monthly benefit increase <br />of twenty-five dollars ($25.00) effective December, 1992. <br />The minimum monthly payment for these retirees and <br />beneficiaries is $325.00. <br /> <br />(14) In no event shall the benefits payable under this plan <br />exceed the limitations of Internal Revenue Code, Section 415. <br /> <br />(15) The payment of any benefits shall commence by April I of <br />the calendar year~ following the calendar year when the <br />employee attains the age of Seventy and one half (70 1/2). <br /> <br />(16) No retiree or surviving spouse shall be entitled to a <br />new benefit of less than $250 a month. <br /> <br />(17) There shall be paid upon the termination after July 1, <br />1990 of an employee retired under Section 25=1~(~, 25--14(2), <br />25-14(5), or 25-14(5), or upon the death of an active <br />employee under Section 25-15 or 25-16 a refund of 60% of the <br />accumulated employee contributions without interest as of <br />July 1, 1990. The refund will not apply to employee <br />contributions made after July 1, 1990. <br /> <br /> In addition, there shall be paid to any current retiree <br />or beneficiary as of July 1, 1990, except those receiving <br />benefits under Section 25-14(4), a refund of 60% of the <br />accumulated employee contributions without interest as of the <br />date of termination. In the event that there is a refund of <br />contributions with interest under Section 25-25, then there <br />shall be no benefits payable under this section. <br /> <br /> Section 2. This ordinance shall not be construed so as <br />to relieve any person, firm or corporation from any penalty <br />heretofore incurred by the violation of Section 25-21 nor bar <br />the prosecution for any such violation. <br /> <br /> Section 3. Any person, firm or corporation violating <br />any of the provisions of this ordinance~ shall, upon <br />conviction thereof, be subject to the penalty provided in <br />Chapter 1, Section 1-8 of the Municipal Code of the City of <br />University City. <br /> <br />-5- <br /> <br /> <br />
The URL can be used to link to this page
Your browser does not support the video tag.