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1979 Ordinances
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1979 Ordinances
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7/17/2001 6:40:56 PM
Creation date
6/26/2001 5:07:29 PM
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Ord/Resolutions
Year
1979
Ord/Resolutions - Type
Ordinances
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Such allowance shall be in addition to any benefits <br />provided for in sub-section (a) above. <br /> <br /> (c) Should a member become eligible for service retirement <br />in accordance with Section 31-148 but continue as an employee, <br />the member may, on a form proscribed by the Board, and in advance <br />of retirement, make an election of a joint and last survivor <br />option as described ~n sub-section (a) (1) of Section 31-159. The <br />designated fraction of the option shall be any a~unt greater than <br />one-half (1/2) or fifty percent (50%) and equal to or less than <br />one hundred ~ercent (100%). <br /> <br /> If a me~oer having made such a designation shall die in <br />service before retirement from a cause not compensable under <br />the Virginia Workmen's Compensation Act there shall be paid a <br />retirement allowance to the widow or widower equal to the <br />designated optmon percent of the allowance that would have been <br />payable to the member had the member retired under the provisions <br />of Section 31-148 on the date of his death with the option so <br />designated; or the amount as accorded in sub-section (b) of %his <br />section, whichever is greater. Upon retirement of the member, <br />the member's retirement allowance shall be calculated to include <br />the election previously designated, unless such retirement is <br />for disability. The retirement allowance to be continued after <br />the member's death to the widow or widower shall be limited to a <br />maximum of one-half (1/2) of the decreased allowance received <br />by the member during the member's lifetime. <br /> <br /> In making an election of an option as provided under this <br />sub-section, a member may also elect a modification of the joint <br />and last survivor option whereby a provision is made for no decrease <br />in allowance should the member's spouse die before the retirement <br />of the member, or a return to an undecreased allowance should the <br />member's spouse die before the member died during retirement. Such <br />modification shall be determined by an actuarial report as of the <br />retirement of the member. <br /> <br /> This ordinance shall be effective from %he date of its <br />adoption. <br /> <br /> Adopted by the Council o~ the City of Portsmouth, Virginia, <br />at a meeting held July 10, 1979. <br /> <br />Teste: <br /> <br />City Clerk <br /> <br /> <br />
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