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INTRODUCED BY COUNCILMEMBER SCHOOMEP, BILL NO. 8300 ORDINANCE NO. 6082 AN ORDINANCE AMENDING CHAPTER 25 OF THE MUNICIPAL CODE OF THE CITY OF UNIVERSITY CI'[Y, RELATING TO RETIREMENT AND PENSIONS, BY REPEALING SECTION 25-21 AND ENACTING IN LIEU 'i'HEROF A NEW SECTION TO BE KNOWN AS "SECTION 25-21. RE'rIREMENT BENEFITS-GENERALLY; SCHEDULE;" THEREBY AMENDING SAID SECTION SO AS INCREASE BENEFITS BY 'IWENTY-FIVE DOLLARS ($25.00) PER MONTH EFFECTIVE JANUARY 1, 1997. BE IT ORDAINED BY THE COUNCIL OF THE CITY OF UNIVERSITY CITY, MISSOURI, AS FOLLOWS: Section 1. Chapter 25 of the Municipal Code of the City of University City, relating to retirement and pensions, is hereby amended by repealing Section 25-21 and enacting in lieu thereof a new section to be known as 'Section 25-21. Retirement benefits - generally; schedule;" so that said section, as so amended, shall read as follows: Section 25-21. Retirement Benefits-Generally; Schedule. There shall be paid to each employee found eligible to retire, and to the employee's spouse and children, as provided in sections 25-14, 25-15 and 25-16 thereof from this fund herein created, or by Workmen's Compensation benefits or a combination of both, when approved by the Board of Trustees, the following benefits: To an employee retired on account of age and service as set forth in section 25-14(a), a monthly benefit equal to fifty-five percent (55%) of the base monthly salary in effect at the date of the employee's retirement, which payment shall be made monthly during the employee's life. To an employee retired on account of age and service as set forth in sechon 25-14(b), a monthly benefit equal to a percentage of the benefit described in (1) above, such percentage being equal to the ratio of the employee's years of service to twenty (20) years. To an employee retired on account of age and service as set forth in section 25-14(c), a monthly benefit according to the employee's attained age last birthday as follows: