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27 67% <br />28 68% <br />29 69% <br />30 or more 70% <br /> <br />Upon the death of a former employee who is eligible for benefits under Section <br />2.62.080(B), no benefits are payable under this Section 2.62.150; <br /> <br />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 /> <br />Classification <br /> <br /> Additional <br />Benefit Per Month <br /> <br />Retired prior to Oct. 1, 1982 <br />Retired after Oct. I, 1982 <br />but prior to Jan. 1, 1987 <br /> <br />$125.00 <br />25.00 <br /> <br />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 /> <br />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 /> <br />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 /> <br />In no event shall the benefits payable under this plan exceed the limitations of the Internal <br />Revenue Code, Section 415; <br /> <br />The payment of any benefits shall commence by April I st of the calendar year, following <br />the calendar year when the employee attains the age of seventy and one-half (70.5); <br /> <br />124253805 - 8 - <br /> <br /> <br />