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AN ORDINANCE TO AMEND THE CODE OF THE CITY OF PORTSMOUTH, VIRGINIA, BY AMENDING SECTION 31-1 THEREOF, PERTAINING TO THE DEFINITION OF EMPLOYEE FOR THE PURPOSES OF THE RETIRE- MENT SYSTEM. BE IT ORDAINED by the Council of the City of Portsmouth~ Virginia, that Section 31-1 of the Code of the City of Ports- mouth be amended to read as follows: Section 31-1. Definitions. As used in this article, context, the following words indicated: unless otherwise required by the and terms shall have the meanings ACCUMULATED CONTRIBUTIONS. The term "accumulated contribu- tions'' shall be taken to mean the sum of all amounts deducted from the compensation of a member as contributions to the system, together with interest thereon at the rate of two percent (2%) per annum from the end of the fiscal year in which such.contribution was made. ACTUARIAL EQUIVALENT. The term "actuarial equivalent" shall be taken to mean a benefit of equal value when computed upon the basis of such actuarial tables as are adopted by the Board. AVERAGE FINAL COMPENSATION. The term "average final compensa- tion'' shall be taken to mean the average annual creditable compensa- tion of a member during his thirty-six (36) highest consecutive months of creditable service or during the entire period of his creditable service if less than thirty-slx (36) months. BENEFICIARY. The term "beneficiary" shall be taken to mean any person entitled to receive benefits of any kind under this article because of the death of a member. BOARD. The term "board" shall be taken to mean the Board of Trustees of the Portsmouth Supplemental Retirement System, as provided for in Section 31-13 and 31-23. CREDITABLE COMPENSATION. The term "creditable compensation" shall be taken to mean the full compensation payable to an employee working the full working time for his positions; provided, however, that if an employee receives increases in compensation in the-last four (4) years of creditable service, not related to promotion, which exceed the average compensation increase in the same period received by other employees holding comparable positions, or which in the case there are not comparable positions, exceed the average percentage compensation increase in the same period received by all other employees, such excess shall be deducted in computing the creditable comoensation if the board finds after considera- tion of all the circumstances that the primary purpose of such compensation increase was to increase the retirement benefit of such employee.