Prior to the adoption of Ord. 018160 on 07/06/2004, Section 18-45 read as follows.

~~(a)~~ ~~The director of finance shall pay to a covered employee retired on account of age or length of service a normal retirement benefit equal to the enhanced plan benefits (as defined in section 18-41).~~

~~(b)~~ ~~Employees hired after October 1, 1991 who become eligible for retirement due to age or length of service shall receive the benefit provided for in Section 18-45(a).~~

~~(c)~~ Applications for benefits shall be upon a form designated by the administrator. Upon approval of any application for benefits by the administrator, the applicant shall become entitled to receive payment thereof on the last day of the month immediately following the month in which employment ends.

~~(d)~~ Any claimant denied retirement benefits, or any covered police employee aggrieved by a decision of the board granting benefits, may appeal the decision to the PRB under the rules established by section 18-49(c).

~~(e)~~ If the present value of a covered employee's accrued benefit is three thousand five hundred dollars ($3,500.00) or less at the time of the termination of the covered employee's employment, the director of finance shall at any time direct that the covered employee's accrued benefit be paid in the form of a lump sum cash payment.

(Code 1964, § 1820; Ord. No. 9961, § 1, 10-3-83; Ord. No. 12868, § 1, 2-4-91; Ord. No. 13117, § 1, 9-16-91; Ord. No. 13555 § 1, 1-4-93; Ord. No. 13816 § 1, 9-20-93; Ord. No. 15072, § 1, 12-2-96)