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6966
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Last modified
8/22/2014 3:12:00 PM
Creation date
11/5/2014 12:27:05 PM
Metadata
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Template:
City Ordinances
Passed
8/11/2014
Ordinance Number
6966
Bill Number
9236
Introdate
7/14/2014
Description
Police & Fire retirement system amendment
Introduced By
Mr. Sharpe
Year
2014
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it; <br /> s <br /> Classification Additional Benefit Per <br /> Month <br /> Retired prior to Oct. 1, 1982 s <br /> $125.00 <br /> Retired after Oct. 1, 1982 25.00 <br /> but prior to Jan. 1, 1987 i <br /> i <br /> i <br /> B. Provide to all retirees and beneficiaries, other than children, who retired <br /> prior to January 1, 1992, who are presently receiving benefits and who <br /> terminated employment after eligibility for retirement, a monthly benefit <br /> increase of twenty-five dollars ($25.00) effective December, 1992. The <br /> minimum monthly payment for these retirees and beneficiaries is three <br /> hundred twenty-five dollars ($325.00); <br /> f <br /> C. Provide to all retirees and beneficiaries, other than children, who retired <br /> prior to January 1, 1997, who are presently receiving benefits or will be <br /> receiving benefits prior to January 1, 1997, and who terminated <br /> employment after eligibility for retirement, a monthly benefit increase of <br /> twenty-five dollars ($25.00) effective January 1, 1997; <br /> D. Provide to all retirees and beneficiaries, other than children, who retired <br /> prior to July 1, 1999, who are presently receiving benefits and who f <br /> terminated employment after eligibility for retirement, a monthly benefit <br /> increase of forty dollars ($40.00) effective January 1, 2000; <br /> E. Provide to all retirees and beneficiaries, other than children, who retired <br /> prior to July 1, 2000, who are presently receiving benefits and who <br /> terminated employment after eligibility for retirement, a monthly benefit t <br /> increase of twenty-five dollars ($25.00) effective January 1, 2002. <br /> t <br /> F. Provide to all retirees and beneficiaries, other than children, who retired <br /> prior to January 1, 2004, who are presently receiving benefits and who <br /> terminated employment after eligibility for retirement, a monthly benefit ' <br /> increase of twenty-five dollars ($25.00) effective July 1, 2004. <br /> t <br /> t <br /> G. Provide to all retirees and beneficiaries, other than children, who retired <br /> prior to January 1, 2007, who are presently receiving benefits and who <br /> terminated employment after eligibility for retirement, a monthly benefit <br /> increase of twenty-one dollars ($21.00) effective July 1, 2007. `, <br /> t <br /> 2.62.450 Benefits on Termination Other Than Retirement or Death <br /> A. If any employee shall cease to be an employee and not be eligible for any <br /> other benefits, the employee shall receive a refund of the aggregate <br /> f <br />
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