Sec. 11-236. - Service retirement annuity.

(a)

Effective May 1, 1991, those members who retired from service between 1962 and 1984 shall receive a one-time ad hoc cost of living adjustment in the amount of $815.00 per year per member.

(b)

Effective June 1, 2008 those members who retired from service between 1962 and 1984 shall receive a one-time ad hoc cost of living adjustment of $900.00 per member except in the case of a widowed member whose increase shall be $600.00 per year, and those members who are receiving an annual cost of living adjustment.

(c)

A fractional period of service of less than a full year shall be considered in the calculation of the annuity.

(d)

All retired police officers and fire fighters currently receiving a service connected disability pension who otherwise do not presently qualify for the existing cost of living adjustment as provided for in the current collective bargaining agreement for police officers and fire fighters shall be entitled to an annual three percent cost of living adjustment in their pension effective January 1, 2000.

(e)

Effective February 12, 2018, members retiring from service shall receive an annuity as provided for in the current collective bargaining agreement for police officers and fire fighters.

(f)

All retired police officers and fire fighters currently receiving a service connected disability pension or receiving a service connected pension shall receive a cost of living adjustment as provided for in the collective bargaining agreement for police officers and fire fighters that was in effect at the time of their retirement.

(Rev. Ords. 1987, § 11-236; Ch. 441, § I, 7-15-97; Ch. 451, § I, 9-16-97; Ch. 108, § I, 1-4-00; Ch. 133, § I, 8-15-00; Ch. 301, § I, 3-23-04; Ch. 383, § I, 3-21-06; Ch. 450, § I, 5-20-08; Ch. 667, § I, 3-21-17; Ch. 700, § I, 3-6-18; Ch. 711, § I, 6-5-18)