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INTRODUCED BY: Mr. Wagner DATE: 12/12/05 BILL NO. 8833 ORDINANCE NO. 6602 AN ORDINANCE AMENDING CHAPTER 2.64 OF THE UNIVERSITY CITY MUNICIP AL CODE, RELATING TO THE NONUNIFORMED EMPLOYEES RETIREMENT SYSTEM, BY REPEALING SECTION 2.64.090 THEREOF, RELATING TO NORMAL SERVICE RETIREMENT, AND ENACTING IN LIEU THEREOF A NEW SECTION TO BE KNOWN AS "SECTION 2.64.090 NORMAL SERVICE RETIREMENT," THEREBY AMENDING SAID SECTION SO AS TO INCREASE THE PENSION OF QUALIFIED PARTICIPANTS EFFECTIVE JANUARY, 1,2006 OR JULY 1,2007. BE IT ORDAINED BY THE COUNCIL OF THE CITY OF UNIVERSITY CITY, MISSOURI, AS FOLLOWS: Section 1. Chapter 2.64 of the University City Municipal Code, relating to the nonuniformed employees retirement system, is hereby amended by repealing Section 2.64.090 thereof, relating to normal service retirement, and enacting in lieu thereof a new section to be known as "Section 2.64.090 Normal service retirement;" so that said section, as so amended, shall read as follows: 2.64.090 Normal service retirement. A. The normal service retirement date of a member shall be the first day of the month following the earlier of: 1. The member's sixty-fifth birthday; or 2. The date as of which the member has both attained the age of sixty-two (62) years and completed at least thirty (30) years of creditable service, provided that at the election of a member with at least thirty (30) years of creditable service there shall be no age criterion if the member retires during the period July 1, 2003 and ending Sept. 1, 2003. Such normal service retirement date may be extended by the employee, year to year, until such time as the member reaches the age of seventy (70) years. At such time, the extended normal retirement date shall be the first day of the month following the member's seventieth birthday. B. Any member may retire as of the normal service retirement date or as of the first day of any month thereafter, or as of the extended normal service retirement date, upon the member's written application to the board of trustees not less than thirty (30) days nor more than ninety (90) days prior to such date.