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BILL NO. <~q <br /> <br />ORDINANCE NO. ~ ~(O (o <br /> <br />AN ORDINANCE AMENDING CHAPTER 2.64 OF THE UNIVERSITY CITY <br />MUNICIPAL CODE, RELATING TO THE NONUNIFORMED EMPLOYEES <br />RETIREMENT SYSTEM, BY REPEALING SECTION 2.64.090 THEREOF, <br />RELATING TO NORMAL SERVICE RETIREMENT, AND ENACTING IN LIEU <br />THEREOF A NEW SECTION TO BE KNOWN AS "SECTION 2.64.090 <br />NORMAL SERVICE RETIREMENT," THEREBY AMENDING SAID SECTION <br />SO AS TO INCREASE THE PENSION OF PARTICIPANTS WHO <br />TERMINATED ON OR AFTER JULY 1, 2002. <br /> <br /> BE IT ORDAINED BY THE COUNCIL OF THE CITY OF UNIVERSITY CITY, <br />MISSOURI, AS FOLLOWS: <br /> <br /> Section 1. Chapter 2.64 of the University City Municipal Code, relating to the <br />nonuniformed employees retirement system, is hereby amended by repealing Section 2.64.090 <br />thereof, relating to normal service retirement, and enacting in lieu thereofa new section to be known <br />as "Section 2.64.090 Normal service retirement;" so that said section, as so amended, shall read as <br />follows: <br /> <br />2.64.090 Normal service retirement. <br /> <br />The normal service retirement date ora member shall be the first day of the month following <br />the earlier of: <br />1. The member's sixty-fifth birthday; or <br />2. The date as of which the member has both attained the age of sixty-two (62) and <br /> completed at least thirty (30) years of creditable service. <br /> <br />Such normal service retirement date may be extended by the employee, year to year, <br />until such time as the member reaches the age of seventy (70) years. At such time, <br />the extended normal retirement date shall be the first day of the month following the <br />member's seventieth birthday. <br /> <br />Bo <br /> <br />Any member may retire as of the normal service retirement date or as of the first day of any <br />month thereafter, or as of the extended normal service retirement date, upon the member's <br />written application to the board of trustees not less than thirty (30) days nor more than ninety <br />(90) days prior to such date. <br /> <br />Upon retirement on the normal retirement date or an extended service retirement date, a <br />member shall receive a pension beginning on the day after the employee retires from the city <br />service equal to: <br /> <br /> <br />