City of Milwaukee - File #: 010197

• File #: 010197
• Version: 0
• Type: Charter Ordinance
• Status: Passed
• File created: 5/30/2001
• In control: FINANCE & PERSONNEL COMMITTEE
• Final action: 6/19/2001
• Effective date: 8/29/2001
• Title: A charter ordinance relating to the minimum retirement allowance.
• Sponsors: THE CHAIR
• Indexes: CHARTER ORDINANCES, RETIREMENT BENEFITS, WAGES AND BENEFITS

Date	Ver.	Action By	Action	Result	Tally
6/29/2001	0	CITY CLERK	PUBLISHED
6/25/2001	0	MAYOR	SIGNED
6/19/2001	0	COMMON COUNCIL	PASSED	Pass	16:0
6/13/2001	0	FINANCE & PERSONNEL COMMITTEE	HELD TO CALL OF THE CHAIR	Pass	5:0
6/13/2001	0	FINANCE & PERSONNEL COMMITTEE	RECOMMENDED FOR PASSAGE	Pass	5:0
6/13/2001	0	FINANCE & PERSONNEL COMMITTEE	RECONSIDERED	Pass	5:0
6/1/2001	0	FINANCE & PERSONNEL COMMITTEE	HEARING NOTICES SENT
6/1/2001	0	FINANCE & PERSONNEL COMMITTEE	HEARING NOTICES SENT
5/31/2001		FINANCE & PERSONNEL COMMITTEE	REFERRED TO
5/30/2001	0	COMMON COUNCIL	ASSIGNED TO

Number
010197
Version
ORIGINAL
Reference
001665
Sponsor
THE CHAIR
Title
A charter ordinance relating to the minimum retirement allowance.

Sections
36-05-1-a am
Analysis
In accordance with charter ordinance 382, effective March 21, 1972, employe retirement provisions were amended to provide a minimum allowance of $25 per month in the case of service retirement and deferred retirement. If the retirement allowance would be less than $25 per month, the member would be paid a lump sum, which would be the actuarial equivalent of the allowance. Common council file number 001665, passed May 10, 2001, authorizes the annuity and pension board to increase the minimum service retirement allowance amount to reflect inflation or measuring the consumer price index (CPI). This charter ordinance authorizes the annuity and pension board to increase the minimum deferred retirement allowance amount and the minimum ordinary death benefit amount of $25 in the same manner.

Body
The Mayor and Common Council of the City of Milwaukee do ordain as follows:

Part 1: Section 36-05-1 of the charter is amended to read:

36-05. Benefits.

1. SERVICE RETIREMENT ALLOWANCE.

a. To File Request. Any member in active service may retire on or after reaching the minimum service retirement age, upon filing with the board a request for retirement and a retirement allowance on a form provided by the board for that purpose. [[Such]] >>The<>under this paragraph, 1-a, sub. 6-b-2, sub. 6-d-2, and sub. 10-a-3,<< provided however that the minimum monthly allowance of $25 may not be i...