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1976 Ordinances
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1976 Ordinances
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Last modified
7/17/2001 6:42:01 PM
Creation date
6/26/2001 5:29:21 PM
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Ord/Resolutions
Year
1976
Ord/Resolutions - Type
Ordinances
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AN ORDINP~NCE TO AP:~END THE CODE OF THE CITY OF PORTSMOUTH, <br />VIRGINIA, 1973, BY _~2~-EF-NDING S~CTtONS 31-68 AND 31-155 <br />THEP, EOF, PERTAINING TO kDDITIONAL RETIREMENT ALLOWANCE <br />OF THE PORTSMOUTH SUPPLE~.2IHTAL RETIRE}dENT SYSTEM AND THE <br />PORTSMOUTH FIRE AND POLICE RETIREMENT SYSTEM. <br /> <br /> BE IT ORDAINED by the Council of the City of <br />Portsmouth, Virginia: <br /> <br /> 12 That <br />Portsmouth, Virginia, <br />read as follows: <br /> <br />Section 31-68 of the Code of the City of <br />1973, be amended and reordained to <br /> <br />Section 31-68. Adjustments of Retirement Allowance. <br /> <br /> Any person receiving a retzrement allowance under <br /> Section 31-63, 31-65, 31-67, 31-70[b) or Section 31-74, <br /> shall receive an adjustment of allowance in such amount <br /> as from time to time may be approved by the Council of the <br /> City of Portsmouth, Virginia. Such allowance shall be <br />~determined as a percentage of the retirement allowance ~/aat <br /> would have been payable in the absence of this section and <br /> shall be subject to the same conditions of payment as are <br /> applicable to such retirement allowance, tn no case shall <br /> the operation of this section result in a reduction in the <br /> amount of any persons total amount below the amount of <br /> the retirement allowance that would have been payable in <br /> the absence of this section. <br /> <br /> 2. That Section 31-155 of the Code of the City <br />of Portsmouth, Virginia, 1973, be amended and reordained to <br />read as follows: <br /> <br />Section 31-155. Adjust-merits of Retirement Allowance. <br /> <br /> Any person receiving a retirement allowance under <br />Section 31-149, 31-151, 31-153, 31-156{c) or Section 31-159 <br />shall receive an adlustment of allowance in such amount as <br />from time to time may be approved by the Council of the City <br />of Portsmouth, Virginma. Such allowance shall be determined <br />as a percentage of the retirement allowance that would have <br />been payable in the absence of this sectmon and shall be <br />subject to the same conditions of payment as are applicable <br />to such retirement allowance. In no case shall the operation <br />of this section result mn a reduction mn the amount of any <br />persons total benefit below the amounm of the retirement <br />allowance that would have been payable in the absence of this <br />section. <br /> <br /> <br />
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