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AN ORDINANCE TO AMEND CHAPTER 30 OF THE CODE OF THE CITY OF <br />PORTSMOUTH, VIRGINIA (1988) BY AMENDING SECTIONS 30-116 (a), (d), <br />AND (e), 30-117 (a) AND (e), AND 30-119 (b)(3) THEREOF PERTAINING TO <br />THE PORTSMOUTH SUPPLEMENTAL RETIREMENT AND PORTSMOUTH <br />FIRE AND RETIREMENT SYSTEMS. <br /> <br />BE IT ORDAINED by the Council of the City of Portsmouth, Virginia: <br /> <br /> 1. That Subsections (a), (d), and (e) of Section 30-116 of the Code of <br />the City of Portsmouth, Virginia (1988) be amended and reordained to read as follows: <br /> <br />Sec. 30-116. Service retirement. <br /> <br /> (a) Any member in service who has attained the age of fifty (50) and who has <br />attained the number of years of creditable service required for entitlement to benefits <br />under the vesting provisions of this section may retire at any time then or thereafter upon <br />written notification to the board, made by the member or his employer, setting forth at <br />what time the retirement is to become effective; provided that such effective date shall be <br />after his last day of service, but shall not be more than ninety (90) days prior to or <br />subsequent to the filing of such notice. <br /> <br /> (d) Any member in service who has attained the age of fifty (50), and who has <br />attained not less than thirty (30) years of creditable service, may retire at any time then or <br />thereafter upon written notification to the board, made by the member or his employer, <br />setting forth the time the retirement is to become effective; provided that such effective <br />date shall be after his last day of service, but shall not be more than ninety (90) days prior <br />to or subsequent to the filing of such notice. <br /> <br /> (e) Any member in service who has attained the age of fifty (50) years of age <br />and who has at least ten (10) years of creditable service, may retire with a reduction in <br />benefits at any time upon written notification to the board, made by the member or his <br />employer, setting forth the time the retirement is to become effective; provided that such <br />effective date shall be after his last day of service but shall not be more than ninety (90) <br />days prior to or subsequent to the filing of such notice. <br /> <br /> 2. That Subsections (a) and (e) of Section 117 of the Code of the City of <br />Portsmouth, Virginia (1988) be amended and reordained to read as follows: <br /> <br />Sec. 30-117. Service retirement allowance. <br /> <br /> (a) Upon the retirement, as provided in subsection (a) or subsection (b) of <br />section 30-116, on or after July 1, 1977, of a member who either has attained his normal <br />retirement date or has attained age fifty (50) and who has completed the number of years <br />of creditable service required for entitlement to benefits under the vesting provisions of <br />section 30-116(c), the member shall receive an annual retirement allowance, payable at <br /> <br /> <br />