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1946 (#3429-3537)
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1946 (#3429-3537)
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Last modified
2/28/2024 4:01:03 PM
Creation date
4/18/2003 3:26:54 PM
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Pre-Charter
Year
1946
Pre-Charter - Doc Type
Resolutions
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effeotlve~a~e hereo~,.f~o~ the nu~e~ tis~ed'abeve,' due <br />nation of se~vIsebysme~ causes as'~e~t~', resign&tiOne~'~ieeharge, <br />or the emplo~en~ o£ lndiv~duals net ~n~luded' in ~aid ntuaber~ <br /> ~, ~e. gO sh~I b0 the no~al ~inl~ ~e <br /> "~" 'or "65" <br />tirement for service, of miscell~eous members employed by public <br />agency, that is, members other than Local Firemen ~d Local ~lice- <br /> <br />me~, ~d .... o~'~a~' ,:::':, ,,~, ' ~ , <br /> ~.one-eixtieth. if age IS ~,' e~ .Sn~sewentieth" <br />~s gS) '"$~ be. t~,~t~n o~ ~in~ ~m~atio~, as define~ <br /> said Retire~nt L~, to ~e provid~ em t~ :~erage, <br /> service aea me.er, by the members' ~ ~blic Agency's n~rmat <br /> eontributiene, upen retir~ent at ~aid ~i~imm ~. <br /> 5. Benefits on account of ~rior s~rvice, that is, service <br /> credited here~der ag r~der~ to Pm~l~ Ag~QY prior to ~e affect- <br /> ire date of participation, to respective members emoloyed by Public <br /> :agency as LOo~ Firemen ~r Zoeat Police's, shall be allowed only <br /> as a ~ereentage of the avera~ salary specified in said'Retirement <br /> Law, for each ye~ of such ea~v2~. ~ said percentage shall be <br /> per cent of the fraction of fin~ com- <br /> O0 <br /> (such as "~0~, "YS." '1~") ' <br /> pensation, as defined in the State Employees' Retirement Law, for <br /> each yea~ of service rendered after sa~ date, as deter~ned <br /> said respective members unde= said law, for retizement [or service <br /> at age 55, or upon qualification for service retizement at s higher <br /> ~e, If ~ member re~ires for service before attaining age 55, his <br /> prior se~ice pension shall be reduced to that amount which the <br /> value of the pension as deferred to age 55 will purchase at the <br /> actu~ ~ of retirement. <br /> <br /> 3. <br /> <br />for each yea~ of <br /> <br /> <br />
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