Number
070201
Version
ORIGINAL
Reference
061555
Sponsor
THE CHAIR
Title
A charter ordinance relating to deductions from benefit payments for insurance premiums and their direct payment by the employes’ retirement system for public safety officers in the employes’ retirement system.
Sections
36-10-4 am
Analysis
This charter ordinance, a technical amendment, amends a charter ordinance passed April 17, 2007, relating to deductions from pension payments for insurance premiums for retired public safety officers, by deleting the term employes retirement system and inserting in lieu thereof annuity and pension board.
Body
The Mayor and Common Council of the City of Milwaukee do ordain as follows:
Part 1. Section 36-10-4 of the charter, as affected by file number 061555, passed April 17, 2007, is amended to read:
36-10. Exemption from Taxation, Execution and Assignment.
4. Notwithstanding sub. 1., a beneficiary who is a public safety officer as defined in
s. 1204(9)(A) of the Omnibus Crime Control and Safe Streets Act of 1968, has separated from service with all participating employers due to disability or the attainment of normal retirement age and is entitled to a service retirement allowance or a disability retirement allowance, may elect that an amount be deducted from his or her benefit payments to pay the premiums for coverage of the beneficiary, the beneficiary’s spouse or the beneficiary’s dependents (as defined in s. 152 of the Internal Revenue Code) under an accident or health insurance plan or qualified long-term care insurance contract (as defined in s. 7702B(b) of the Internal Revenue Code)[[maintained by the employes’ retirement system]]. The employes’ retirement system shall pay any amounts withheld from a beneficiary’s benefit payments under this subsection directly to the provider of the accident or health insurance plan or qualified long-term care insurance contract under such plan or contract. The beneficiary shall designate the...
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