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1967 Ordinances
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1967 Ordinances
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Last modified
5/14/2003 2:25:11 PM
Creation date
6/28/2001 5:13:38 PM
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Ord/Resolutions
Year
1967
Ord/Resolutions - Type
Ordinances
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ORDI[IANCE NO. <br /> <br />196!~ BY ~P~G 8E~i~0~S 26-28~ 26~29~ 26-73~ a~d 26-7~ ~OP~ <br />~ BY }~]DING SECTIONS 26-1~ 26-5] 26-7~ 26-~9~ 26-20~ 26-25~ <br />26-26~ 26-27, 2~-31~ 26-37~ 26-38~ 26-40~ 26~1~ 26-45~ 26-48~ 26-52~ <br />26-54~ 26-64~ 26-65~ 26-70~ 26--7!~ 26-72~ 26-76~ 26-82~ 26-83~ 26~4~ <br />'26-85~ 26-86 ~ 26-90 T~OF.~' TO E~ii~-~ATE ~LO~ CO~b~IONS <br /> <br />FIRE ~2~ P0~CE P~?i~.~%~ SYS~L <br /> <br /> Be it ordained by the Council of the City of Portsmouth~ <br />%rir~.~a: <br /> <br /> 1. 1[nat tlne Code of the City of Por~smoutb~ Virgiu~_a~ 196!~ <br />be amended by repea!ii~ sections 26-28~ 26-29~ 26-73 snd 26-74 thereof, <br />aN.d by s~nd~ng sections 26-1~ 26-5~ 26-7~ 26-19~ 26-20~ 26-25~ 26-26~ <br />26-27~ 26-31~ 26-37~ 26-38~ 26-40~ 26-4!~ 26-45~ 26-45~ 26-52~ 26-54~ <br />26-64~ 26-65~ 26-70~ 26-7!~ 2~-72~ 26-76~ 26-~82~ 26-83.~ 26-8lt~ 26-85~ <br />26-86~ snd 26-90 thereof~ such amenmed sections to rea~. ss follows: <br /> <br />Sec', '26-1. F~fin~tio~as. <br /> <br /> As used in thais artic!e, u~!ess o~he~ise req~sired by the <br />context~ the foliow~ng woro_s smd ve~m~s shai'l have the meanis~s indicated: <br /> <br /> Accumulated contributions. The te_~-a~ "acc~raulated contrib~tions:' <br />shall be taken to mean the su~m of all amounvs deducted from the com- <br />pensation of a mem~oer as contributions ~o the system~ ~ogether ~.~th <br />~nterest ~hereon a~ the ra~e of two percen~ per s~m~u~m fro~s the end of <br />the fiscal year ~n which each such contPibutio~ was <br /> <br /> Act~mriat equivalent° The verm '~actua~ial equivalent~: slnail be <br />tmken ~o mesh a benefit of equ~l value wh. en cez~puted u[Don the basis <br />of such actuarial tables as are adopted by the boa~,~d. <br /> <br /> Average fi~nai compensation. ~o.e te~ "average fLnal co.meen- <br />sation" shall be taken to mes_n t}:.e average smrnual creditable <br />pensation of a m~mber du=~i~-~g the five consecutive years of Y~is <br />hig~nest es_~slngs of creditgole service or ~.~ir~ the entire period <br />of his ~rec~ol~ service if less thmn fire,years. <br /> <br /> Beneficiary. The word '~beneficisa~yTM shsAt be t~<en to meade any <br />person entitled to ~re~ceive behests of a~y lei_nd ~nder tP~s a~,5icle <br />because of the death of a memi}er. <br /> <br /> Bosrdo The word ~'boa~d'~ shall be taken to mean the board of <br />~P~s~ees of the Portsmouth Supplemental RetiPemenv System~ as pro- <br />vided for in sectior~s 26-8 to 26-18. <br /> <br /> <br />
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