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<br /> <br /> <br /> <br /> <br /> <br /> <br /> "Widow" means the spouse of a member at the date of his or her retirement or at the date <br /> of his or her death if he or she dies before retirement. <br /> <br /> The base salary and compensation of any employee taken into account under this chapter <br /> for any year shall not exceed the limit set forth in the Internal Revenue Code, Section <br /> 401(a)(17), as adjusted for cost-of-living increases in accordance therewith. <br /> 2. Section 2.62.150(H) is amended to read as follows: <br /> <br /> H. 1. There shall be paid to current retirees, except those receiving benefits under <br /> Section 2.62.080(B), within the classifications scheduled below, and to current <br /> beneficiaries whose spouses retired within these classifications, the additional <br /> amounts scheduled; said amounts are in addition to any other benefits they are <br /> now entitled to receive: <br /> <br /> Additional <br /> Classification Benefit Per Month <br /> <br /> Retired prior to Oct. 1, 1982 $125.00 <br /> Retired after Oct. 1, 1982 <br /> but prior to Jan. 1, 1987 25.00 <br /> <br /> 2. Provide to all retirees and beneficiaries, other than children, who retired prior to <br /> January 1, 1992, who are presently receiving benefits and who terminated <br /> employment after eligibility for retirement, a monthly benefit increase of <br /> twenty-five dollars ($25.00) effective December, 1992. The minimum monthly <br /> payment for these retirees and beneficiaries is three hundred twenty-five dollars <br /> ($325.00); <br /> <br /> 3. Provide to all retirees and beneficiaries, other than children, who retired prior to <br /> January 1, 1997, who are presently receiving benefits or will be receiving benefits <br /> prior to January 1, 1997, and who terminated employment after eligibility for <br /> retirement, a monthly benefit increase of twenty-five dollars ($25.00) effective <br /> January 1, 1997; <br /> <br /> 4. Provide to all retirees and beneficiaries, other than children, who retired prior to <br /> July 1, 1999, who are presently receiving benefits and who terminated <br /> employment after eligibility for retirement, a monthly benefit increase of forty <br /> dollars ($40.00) effective January 1, 2000; <br /> <br /> 5. Provide to all retirees and beneficiaries, other than children, who retired prior to <br /> July 1, 2000, who are presently receiving benefits and who terminated <br /> employment after eligibility for retirement, a monthly benefit increase of twenty- <br /> five dollars ($25.00) effective January 1, 2002. <br /> <br /> <br /> <br /> -2- <br />