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AN ORDINANCE TO AMEND CHAPTER 30 OF THE CODE OF THE CITY OF PORTSMOUTH, VIRGINIA (1988) BY AMENDING SECTIONS 30-116, 30-118, 30-120, 30-236(a), 30-238, AND 30-240 THEREOF PERTAINING TO EMPLOYEE RETIREMENT SYSTEMS. BE IT ORDAINED by the Council of the City of Portsmouth, Virginia: 1. That subsections (a),(d), and (e) of Section 30-116 of the Code of the City of Portsmouth, Virginia (1988) be amended and that a new subsection (f) thereto be adopted to read as follows: Sec. 30-116. Service retirement. (a) Any member, in service or within ninety days after termination of service, who has attained the age of fifty,five (55) and who has attained the number of years of creditable service required for entitlement to benefits under the vesting provisions of this section may retire at any time then or thereafter upon written notification to the board, made by the member or his employer, setting forth at what time the retirement is to become effective; provided that such effective date shall be after his last day of service, but shall not he more than ninety (90) days prior to or subsequent to the filing of such notice. (d) Any member, in service or within ninety days after termination of service, who has attained the age of fifty-five (55), and who has attained not less than thirty (30) years of creditable service, may retire at any time then or thereafter upon written notification to the board, made by the member or his employer, setting forth the time the retirement is to become effective; provided that such effective date shall be after his last day of service, but shall not be more than ninety (90) days prior to or subsequent to the filing of such notice. (e) Any member, in service or within ninety days of termination of service, who has attained the age of fifty (50) years of age and who has at least ten (10) years of creditable service; may retire with a reduction in benefits at any time upon written notification to the board, made by the member or his employer, setting forth the time the retirement is to become effective; provided that such effective date shall be after his last day of service but shall not be more than ninety (90) days prior to or subsequent to the filing of such notice. Additionally, any member retiring under this subsection shall receive a reduction in his retirement benefits equal to one-half of one (0.5) percent per each month that the employee retires prior to attaining age fifty-five (55). (f) Upon a showing of good cause, the Board may waive the ninety-day notification requirement of subsections (a), (d) and (e) relating to the period after termination of service. For purposes of this subsection, good cause shall be deemed to exist if a member who is otherwise eligible to apply for service retirement has first applied for disability retirement, and the application has been denied. 2. That Sections 30-I 18, 30-120, 30-236(a), 30-238, and 30-240 of the Code of the City of Portsmouth, Virginia (1988) be amended and reordained to read as follows: