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INTRODUCED BY: Ms. Brot DATE: January 15, 2008 BILL NO 8979 ORDINANCE NO 6732 AN ORDINANCE AMENDING CHAPTER 2.62 OF THE UNIVERSITY CITY MUNICIPAL CODE, RELATING TO THE POLICE AND FIREFIGHTER'S RETIREMENT SYSTEM, BY AMENDING SECTIONS 2.62.150 RELATING TO BENEFIT INCREASES WITH RESPECT TO CERTAIN RETIREES. BE IT ORDAINED BY THE COUNCIL OF THE CITY OF UNIVERSITY CITY, MISSOURI AS FOLLOWS: Section 1. Chapter 2.62 of the University City Municipal Code, relating to the police and firefighter's retirement system, is hereby amended as follows: 1. Effective September 1, 2004, Section 2.62.020(A) is amended to read as follows: A. As used in this chapter: "Base salary" means the greater of: 1. The highest monthly salary according to the salary range, as contained in Section 1, Schedule B of the payroll ordinances then in use for a police officer and firefighter or paramedic firefighter, plus any salary increase because of twenty (20) years of service. If the amounts for such police officer and firefighter or paramedic firefighter (whichever is the highest salary of the fire group) are not the same, the mean of the two amounts shall be used as the base salary herein; or 2. One-sixtieth (1/60) of the aggregate compensation paid to an employee during such employee's last five years of service; provided, however, that this subsection (2) shall not apply for purposes of determining funeral benefits under Section 2.62.150(C). "Board of trustees" or "board" means and refers to the board of trustees of the police and firemen's retirement fund established pursuant to Chapter 2.50. "Compensation" means the wage or salary paid an employee for any period excluding expense allowances, but including employee contributions to the police and firemen's retirement fund treated as employer contributions under Section 2.62.050.