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Last modified
12/6/2004 2:48:41 PM
Creation date
11/5/2014 12:22:32 PM
Metadata
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Template:
City Ordinances
Passed
6/19/2000
Ordinance Number
6250
Bill Number
8470
Introdate
6/5/2000
Description
Amending Chap 2.62.150 & 2.62.050, changing definition of base salary and increasing monthly benefit to certain retirees who retired prior to july 1, 1999 by $40
Introduced By
Schoomer
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To the lawful guardian of such employee's surviving minor unmarried child or <br />children under the age of eighteen (18) years, provided such child or children shall <br />have been born within ten months after the employee's retirement or the employee's <br />death in service, a monthly benefit of ten percent of the monthly base salary as <br />previously described for such child or children until such child or children attain the <br />age of eighteen (18) years or marry; provided, the combined monthly payments to <br />such surviving spouse and children shall in no case exceed sixty (60) percent of the <br />monthly base salary, and in which event the thirty-five (35) percent maximum <br />benefit for the eligible children shall be prorated between them; provided, further, <br />that if there is no surviving spouse entitled to benefits in any month, the surviving <br />spouse's benefit will be divided equally among the then eligible children, but no <br />child shall be entitled to more than fifty (50) percent of the surviving spouse's <br />benefit; <br /> <br />There shall be paid upon the death of any employee retired under Section 2.62.100 or upon <br />nonservice-connected death prior to retirement under Section 2.62.100, benefits which are <br />seventy-five (75) percent of the benefits provided by subsection F of this section except that <br />the combined children's benefit shall not exceed thirty-one and one-fourth (31.25) percent <br />of the monthly base salary; provided, however, that upon the death of any employee who <br />is eligible for retirement but who has not yet retired, the benefits shall be the same as are <br />provided in subsection F of this section and the percentage limitations herein set forth shall <br />not apply; <br /> <br />To a former employee who is eligible for deferred retirement benefits as set forth in Section <br />2.62.080(B) and has reached the age of fifty-five (55) years, a monthly retirement benefit <br />equal to the following percentage of the base monthly salary in effect at the date the <br />employee ceased to be an employee: <br /> <br />Years of Service Percentage of Base Monthly Salary <br />10 30 <br />11 33 <br />12 36 <br />13 39 <br />14 42 <br />15 45 <br />16 48 <br />17 51 <br />18 54 <br />19 57 <br />20 60 <br />21 61 <br />22 62 <br />23 63 <br />24 64 <br />25 65 <br /> <br />-5- <br /> <br /> <br />
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