Number
001476
Version
SUBSTITUTE 1
Reference
Sponsor
THE CHAIR
Title
A substitute charter ordinance relating to earnable compensation and service retirement allowance.
Sections
36-04-3-a am
Analysis
This charter ordinance changes the method of calculation of the service retirement allowance upon conversion so as to conform the charter to current practice.
Body
The Mayor and Common Council of the City of Milwaukee do ordain as follows:
Part 1: Section 36-04-3-a of the city charter is amended to read as follows:
36-04. Creditable Service.
3. DUTY DISABILITY RETIREMENT ALLOWANCE.
a. Any member employed as a policeman on or after October 5, 1973, who is thereafter retired from active service upon becoming entitled to a duty disability retirement allowance or who was restored to active service prior to October 5, 1973, following termination of a duty disability retirement allowance, any member employed as a fireman on or after July 28, 1974, who is thereafter retired from active service upon becoming entitled to a duty disability retirement allowance or who was restored to active service prior to July 28, 1974, following termination of a duty disability retirement allowance, and any member other than a fireman or policeman employed or receiving a duty disability retirement allowance on or after May 15, 1973, shall be allowed toward his or her service retirement a credit for each year or part thereof during which he or she is eligible to receive a duty disability retirement allowance, or in which duty disability retirement allowance is suspended under s. 36-07-3, in computing his or her service retirement on the basis of the formula applicable. Such credit shall only be reflected for the purposes of computing service retirement allowance but not otherwise. The service retirement allowance shall be computed on the basis of the [[current compensation of such member's position at date of his service retirement]] >> annual regular base salary in effect for the member's position in the year immediately prior to the member's service retirement and the additional amount that would have been includable under s. 36-02-12 in the member's earnable compensation if the member had retired from active service on a service retirement allowance on the date of the member's service retirement<<. The cost thereof shall be reflected by the actuary in computing the employer's contribution to the fund.
Part 2. This charter ordinance shall be applied retroactively to service retirement calculations under s. 36-05-3-a provided it does not reduce the service retirement allowance of any person who is currently receiving a service retirement allowance.
Part 3. This is a charter ordinance and shall take effect 60 days after its passage and publication, unless within such 60 days a referendum petition is filed as provided in s. 66.01(5), Wis. Stats., in which event this ordinance shall not take effect until submitted to a referendum and approved by a majority of the electors voting thereon.
LRB
APPROVED AS TO FORM
_________________________
Legislative Reference Bureau
Date:_____________________
Attorney
IT IS OUR OPINION THAT THE ORDINANCE
IS LEGAL AND ENFORCEABLE
________________________
Office of the City Attorney
Date:____________________
Requestor
Drafter TEH:kef
33132
1/19/2001
01065-1
BJZ/cac
2/7/2001