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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 />PASSED this <br /> <br /> <br />\\1,11"'//, <br />,I '; <br />, ~~ ,\.~ . / ~ /," f , I <br /> <br />/ ,.~ V il. . . . . . . '" <br />\ "..~ .' . . r <br /> <br />~&9~ <br />CIT' ~ <br /> <br />,~~. . It. <br /> <br />r......-~.- <br />// f II l'" <br /> <br />(;?\,:! <br /> <br /> <br />--';';1;.. <br /> <br />CERTIFIED TO BE CORRECT AS TO FORM: <br /> <br />CITY A IT//:;: .ttv+1 <br /> <br />" <br /> <br />......,.:-\.. '.,." <br /> <br />,.' <br /> <br />3 <br />