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<br />2. For employees hired prior to January 1, 1973, the greater of the pension payable under <br />subsection (C)(1) of this section, or the sum of subsection (C)(2)(a) and (b) of this section <br />multiplied by 1.25 for participants who terminated prior to December 31, 1996, by 1.37 <br />for participants who terminated between December 31, 1996 and June 30, 2001, and by <br />1.62 for participants who terminated on or after July 1, 2001: <br /> <br />a. Two-thirds of one percent of the final average compensation plus one percent of <br />the final average compensation in excess of six thousand six hundred dollars <br />($6,600.00); all multiplied by the period of creditable service, in years and months, <br />rendered prior to January 1, 1968. <br />b. Two-thirds of one percent of the final average compensation plus one percent of <br />the final average compensation in excess of the average Social Security base; <br />multiplied by the period of creditable service in years and months, rendered <br />subsequent to January 1, 1968. <br /> <br />D. The pension method in this section for any month shall be payable as of the last day of <br />the month. <br /> <br />Section 2. This ordinance shall take effect and be in force from and after its passage <br />as provided by law. <br /> <br />P AS SED this 9th <br /> <br />day of <br /> <br /> <br />,2006. <br /> <br />~ /J <br />t:!L ~~ ~ <br />CIT CL~ - <br /> <br />."" f"", <br />,\", _r" ' /' . "" # <br />. ' \" C. \ \ I ...... ,~~ , ~ I <br /> <br />/,,_,.,...:,:.~..,... -". :.:f",:. "', <br /> <br />- - . <br /> <br />CERTIFIED TO BE CORRECT AS TO FORM: <br /> <br />C1Ty~~~1 <br /> <br />f ~~. / (~7iTR(j <br />!~. : . <br />(r"; r ;~Ij) <br />\ c~:... \~~L~~ \ .... <br /><:,~.. :::,' . ~ ',j . ',' .~:.':;'....- <br /> <br /> <br />'" 11'1"'\\>"\' <br /> <br />.. - <br /> <br />3 <br />