Section 18-70 Reserved.
Prior to the adoption of Ord. 018160 on 07/06/2004, Section 18-70 read as follows.
There shall be paid by the administrator to covered firefighter employees eligible for
retirement due to age or service, the following benefits:
(1) To a covered employee retired after January 4, 1993,
on account of age or service, with
less than twenty (20) years of active service, a normal retirement benefit equal to two (2) per cent
of his highest average salary multiplied by the number of years of active service.
(2) To a covered employee retired after
October 2, 2000
, on account of length of service and
who has completed at least twenty (20) years of service, a normal retirement benefit equal to
per cent of his highest average salary plus two (2) per cent per year for each year of
active service in excess of twenty (20) years, up to a maximum benefit of eighty (80) per cent of
the highest average salary of the covered employee.
(3) For covered employees retiring after January 4,
1993, the normal retirement benefit shall
be increased on the anniversary date of the covered employee's retirement by two (2) per cent of
the current retirement benefit.
(4) 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.
(5) Any claimant denied retirement benefits or any covered
firefighter employee aggrieved
by a decision of the board granting benefits may appeal the decision to the FRB under the rules
established by section 18-74(c).
(Code 1964, § 9.1980; Ord. No. 10299, § 1, 9-4-84; Ord. No. 13555 §
1, 1-4-93; Ord. No. 14597,
§ 1, 8-21-95; Ord. No. 16632, § 1, 10-2-00)