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AN ORDINANCE TO AMEND THE CODE OF THE VIRGINIAt 1973, BY AMENDING SECTIONS 31-68(a) (b) AND 31-118(b), PERTAINING SUPPLEMENTAL RETIREMENT SYSTEM. CITY OF PORTSMOUTH, 31-1, 31-30(b), 3t-62[b) TO THE PORTSMOUTH BE IT ORDAINED by the Council of the City of Portsmouth, Virginia, that Section 31-1, 31-30(b) r 31-62(b), 31-68(a) (b] and 31-118(b) be amended to read as follows: Section 31-1. Definitions. As used in this article, unless otherwise required by the context, the following words and terms shall have the meanings indicated: ACCUMULATED CONTRIBUTIONS. The term "accu~mulated contributions" 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 each 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 compensation" shall be taken to mean the average annual creditable compensation 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-six (36) months. BENEFICIARY. The word "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 word "board" shall be taken to mean the board of trustees of the Portsmouth Supplemental Retirement System, as provided for in Sections 31-13 and 31-23. CREDITABLE COMPENSATION. The term "creditable compensa- tion'' shall be taken to mean the full compensation payable to an employee working the full working time for his position; provided, however, that if an employee receives increases in