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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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(c) Should a mer£oer~ wee had one or more yesPs of creditable <br />servic% due after termination of service~ but before his <br />retirement date~ provided that the member has been continuously dis- <br />abled from the date of ~eFs~!nation of sez~ice to date of death~ s~ad <br />suc~ disgoi!ity has been such as would quaiif2g the mc~mZer for dis~ <br />ability retirement in accor~mo, ce with either section 26-33 or secvlon <br />26~35 ~ ~_thout regard ye s~my cred~tab!e seF¢ice requirements or <br />tual retirement thereumder~ auad provided fureher~, tbm. t }~Pitten noti- <br />fication of such disability is given to the board by the memfoer~ his <br />appointir~ authority or such person or parsers entitled to such death <br />benefits~ in accordance ~th Section _P6~42~ not later than one year <br />after SUCh te~ination of servic% s~a additio~s.l benefit equal <br />or..e thousand, doil~s shall be payable in a lm.~p sum in accordance with <br />Section 26-42. <br /> <br />Sec. 26-40. Death benefits sl~ter retirement~ <br /> <br /> Should a mem~er who retired prior to July ~ 1967 ~ die sm tony vLme <br />after retirement but befere receiving total retirement ~lo~mnces <br />provided in this cbmpter ay least aqua! to his accu~mutated contribu- <br />tior~ as of ~s date of retirement~ the ~fference between such <br />accum~o_iated cor~ributions mhd such total ai!owmnces shall then be pay- <br />sfole in s !~m~ s~ in accordance ~,~th Sectio~ 26-42. u~!ess the re- <br />tirement allowance is then being paid in accordance with ~ny of the <br />optioD~ contemned in Section 26-4t~ as in effect at i~s date of retire- <br /> <br />Sec. 26-41. Option~l. benefits. <br /> <br /> (a) Each men, oeP who retires ~ez.~ se~¢ice u~ader s_ny of the <br />provisions of Section 26-31 sb~a!l have the rig2nt ay suny t~me~ not <br />subsequent to ~ne later of tlne effective Jate of the me~oer's retire- <br />merit or the date of the ~Y'itten novification ~o the board of the re- <br />tirement of the member~ to e!ec'~ to have his retirement aliowar~ce <br />payable u~-:der s~ay one of the options se~ forth in this section in lieu <br />of the retirement al!ow&ncc othem~ise payable to h~-m under Section <br />26-32. 1~ne ~nouz, t of eso. y such. ootiorml retiremens allowance shall be <br />the actuarial equivalent of the smo,~unt 'of such retiremenv aiiowa~ace <br />othe~ ~ise payable ~o him. ~ne member shall ms!<e such s~n election by <br />~.sritten reeuest' to the bo~d e~ad such an election si~mli be subject to <br />the approval of the boaz~d: <br /> <br />(1) Joint amd last s'~_vor option Zae member m~y elect to <br /> receive a decressed ret~.ement a!Iowsmce d-~-ing his iifetZme <br /> sued have such retirement a!lows~ac% or one ins. lf thereof if <br /> so desi~nated~ continued after his death to s~nother oerson <br /> d~ing the lifetLme of such person° %leis option m~y not be <br /> elected by a me~£oer if the Social Sec:~ity.ootion of p~ra- <br /> ~aph (2) of this subsection has previously ~een elected° <br /> <br />-8- <br /> <br /> <br />
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