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6357
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Last modified
12/6/2004 2:49:23 PM
Creation date
11/5/2014 12:23:09 PM
Metadata
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Template:
City Ordinances
Passed
3/4/2002
Ordinance Number
6357
Bill Number
8584
Introdate
2/11/2002
Description
Amdg chap 2.62.150 Police and Firefighter's Retirement System, so as to increase retirement benefits to certain employees who made contributions prior to 01/01/1988
Introduced By
Colquitt
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Go <br /> <br />22 62% <br />23 63% <br />24 64% <br />25 65% <br />26 66% <br />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 2.62.080(B), <br />no benefits are payable under this Section 2.62.150; <br /> <br />There shall be paid to current retirees, except those receiving benefits under Section <br />2.62.080(B), within the classifications scheduled below, and to current beneficiaries <br />whose spouses retired within these classifications, the additional amounts scheduled; <br />said amounts are in addition to any other benefits they are 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. 1, 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 twenty-five <br />dollars ($25.00) effective December, 1992. The minimum monthly payment for these <br />retirees and beneficiaries is three hundred twenty-five dollars ($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 July <br />1, 1999, who are presently receiving benefits and who terminated employment after <br />eligibility for retirement, a monthly benefit increase of forty dollars ($40.00) effective <br />January 1,2000. <br /> <br />5. Provide to all retirees and beneficiaries, other than children, who retired prior to July <br /> <br />-4- <br /> <br /> <br />
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