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BILL NO. <br /> <br />AN ORDINANCE AMENDING CHAPTER 25 OF THE MUNICIPAL CODE OF <br />THE CITY OF UNIVERSITY CITY, RELATING TO RETIREMENT AND <br />PENSIONS, BY REPEALING SECTION 25-57 THEREOF, RELATING TO <br />INCREASE IN MONTHLY BENEFITS, AND ENACTING IN LIEU THEREOF <br />A NEW SECTION TO BE KNOWN AS "SECTION 25-57. INCREASE IN <br />MONTHLY BENEFITS," SO AS TO INCREASE THE MONTHLY BENEFITS TO <br />ALL RETIREES WHO RETIRED PRIOR TO DECEMBER 31, 1996, BY $20 PER <br />MONTH, EFFECTIVE JULY 1, 1998. <br /> <br /> BE IT ORDAINED BY THE COUNCIL OF THE CITY OF UNIVERSITY CITY, <br />MISSOUR/, AS FOLLOWS: <br /> <br /> Section 1. Chapter 25 of the Municipal Code of the City of University City, relating to <br />Retirement and Pensions, is hereby amended by repealing Section 25-57 thereof, relating to increase <br />in monthly benefits, and enacting in lieu thereof a new section to be known as "Section 25-57. <br />Increase in Monthly Benefits;" reading as follows: <br /> <br />25-57. Increase in Monthly Benefits. <br /> <br />All retirees and beneficiaries shall continue to receive the increases in monthly <br />benefits previously authorized by ordinance. Said increases are as follows: <br /> <br />Effective February 23, 1987, a monthly increase of ten percent (10%) to <br />retirees who retired prior to September 1, 1981, and to beneficiaries whose <br />spouses retired prior to September 1, 1981, provided such retirees and <br />beneficiaries were receiving benefits as of February 23, 1987. <br /> <br />Effective January 1, 1990, a monthly increase of ten dollars ($10) to all <br />retirees who retired prior to January 1, 1989, and to their beneficiaries, <br />provided such retirees and beneficiaries were receiving benefits as of January <br />1, 1990. <br /> <br />Effective December 1992, a monthly increase of twenty-five dollars ($25) to <br />all retirees who retired prior to July 1, 1991, and to their beneficiaries other <br />than children, provided such retirees and beneficiaries were receiving benefits <br />as of December 1992. <br /> <br />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 />article, 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 /> <br /> <br />