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6345
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Last modified
12/6/2004 2:49:17 PM
Creation date
11/5/2014 12:23:06 PM
Metadata
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Template:
City Ordinances
Passed
12/17/2001
Ordinance Number
6345
Bill Number
8571
Introdate
12/3/2001
Description
Amdg Chap 2.62.150 Retirement Benefits generally - schedule, so as to increase the monthly benefit to certain retirees who retired prior to July 1, 2000, by $25 effective January 1, 2002
Introduced By
Wagner
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To an employee retired after January 1, 1993, on account of age, length of service and length <br />of time in this fund, as set forth in Section 2.62.080(C), a monthly benefit according to the <br />following: <br /> <br />Years of <br />Service <br /> <br /> Years of <br />Membership in Fund <br /> <br /> Percentage of <br />Base Monthly Salary <br /> <br />25 25 65% <br />26 26 66% <br />27 27 67% <br />28 28 68% <br />29 29 69% <br />30 or more 30 or more 70% <br /> <br />Funeral Benefits. <br /> <br />There shall be paid upon the death of any active employee a funeral benefit in the <br />sum equal to one month's base salary then in effect; <br /> <br />There shall be paid upon the death of an employee retired under Sections 2.62.080(A) <br />or (C) a funeral benefit in the sum equal to one month's base salary in effect at the <br />time of death; <br /> <br />There shall be paid upon the death of any employee retired under Section 2.62.080(A) or (C), <br />the following: <br /> <br />To the employee's surviving spouse, provided such employee shall have been <br />married to such surviving spouse for three years or more prior to the employee's <br />retirement, a monthly benefit of fifty (50) percent of the monthly benefit the <br />employee was receiving at the employee's death until the death or remarriage of such <br />surviving spouse; <br /> <br />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 bom within ten mont]hs 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 benefit <br />for the eligible children shall be prorated between them; provided, further, that if <br />there is no surviving spouse entitled to benefits in any month, the surviving spouse's <br />benefit will be divided equally among the then eligible children, but no child shall <br /> <br />-2- <br /> <br /> <br />
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