As set forth in § 2-709.13A, the contribution rate shall be 5% of compensation, plus $1 per month.
Superannuation retirement age shall be 50 years of age. No early
retirement is available to former Plan A members.
[Ord. No. 8-1992]
A.
Final salary shall be determined by calculating the annualized basic
compensation rate, including longevity payment, rank differential,
premium pay as defined in the City's collective bargaining agreement
with the firefighters, and incentive pay at the time an application
for a benefit is filed with the Board.
B.
Overtime pay, terminal leave pay, payments for off-duty schooling
or drill or court time, clothing and equipment allowances, meal allowances,
educational incentive payments, acting officer's pay, bonuses,
payments in lieu of dependent's health insurance costs, severance
pay, and other special forms of compensation are excluded from final
salary.
[Ord. No. 3-1996]
A.
A member who terminates service at or after attaining superannuation
retirement age and who has a total of 20 years of credited service
shall receive a basic superannuation retirement allowance of 50% of
final salary.
B.
A member who terminates service at or after attaining superannuation
retirement age shall receive an additional service retirement allowance
equal to 1.25% of final salary multiplied by the number of whole years
of total service credits beyond 20. The additional service retirement
allowance shall not exceed $1,200 per year.
C.
A member who terminates service at or after attaining superannuation
retirement age and who has less than 20 years of credited service
shall receive a reduced superannuation retirement allowance consisting
of a basic superannuation retirement allowance multiplied by a fraction
equal to the number of years of credited service divided by 20.
Notwithstanding the provisions of § 2-709.33, no superannuation retirement allowance based on 20 years of credited service shall be less than $4,000 per year, and no superannuation retirement allowance based on less than 20 years of credited service shall be less than $4,000 per year multiplied by a fraction equal to the number of years of credited service divided by 20.
As set forth in § 2-709.18.
A.
As set forth in § 2-709.19, but only for members who, within 90 days of the date of enrollment, file with the Board to waive the spouse's death benefit stated in Plan A and § 2-709.37 of this chapter and elect to have the options set forth in § 2-709.19 of this chapter. Such an election shall be irrevocable, whether or not an eligible spouse exists to receive a spouse's death benefit at the time it is due. A failure to file an election within 90 days shall be deemed a retention of the spouse's death benefit and a waiver of the options set forth in § 2-709.19.
[Ord. No. 3-1996]
A.
The spouse of a disability or superannuation annuitant who did not elect to be covered by § 2-709.19 shall, during the spouse's lifetime, be entitled to receive a pension calculated at the rate of 100% of the retirement allowance the annuitant was receiving.
B.
The spouse of a member who did not elect to be covered by § 2-709.19 and who dies in service or as a vestee shall, during the spouse's lifetime, be entitled to receive a pension calculated at the rate of 50% of member's final salary.
C.
If a spouse receiving a benefit under this section dies, or if no
spouse survives, the children of the member under the age of 18 years
shall receive the benefit to which the surviving spouse was entitled.
Each eligible child shall receive a proportional share of the benefits.
Payment of each child's share shall cease upon that child attaining
the age of 18 years.
A.
A member with 15 or more years of credited service is eligible for a disability retirement allowance as set forth in § 2-709.20. A former Plan A member shall receive 50% of final salary if he or she has less than 20 years of credited service and a superannuation retirement allowance if he or she has 20 or more years of credited service. In no event shall the disability retirement allowance be less than $4,000 per year.
As set forth in § 2-709.21C.
As set forth in § 2-709.22.
As set forth in § 2-709.23.
As set forth in § 2-709.24.
As set forth in § 2-709.25.
As set forth in § 2-709.26.
