City of Milwaukee - File #: 010379

• File #: 010379
• Version: 1
• Type: Charter Ordinance
• Status: Placed On File
• File created: 6/19/2001
• In control: FINANCE & PERSONNEL COMMITTEE
• Final action: 7/17/2001
• Title: A substitute charter ordinance relating to service retirement allowance.
• Sponsors: THE CHAIR
• Indexes: CHARTER ORDINANCES, EMPLOYES RETIREMENT SYSTEM, RETIREMENT BENEFITS

Date	Ver.	Action By	Action	Result	Tally
7/17/2001	1	COMMON COUNCIL	PLACED ON FILE	Pass	16:0
7/11/2001	1	FINANCE & PERSONNEL COMMITTEE	RECOMMENDED FOR PLACING ON FILE	Pass	5:0
6/27/2001	1	FINANCE & PERSONNEL COMMITTEE	HEARING NOTICES SENT
6/27/2001	1	FINANCE & PERSONNEL COMMITTEE	HEARING NOTICES SENT
6/22/2001	1	CITY CLERK	DRAFT SUBMITTED
6/20/2001		FINANCE & PERSONNEL COMMITTEE	REFERRED TO
6/20/2001		FINANCE & PERSONNEL COMMITTEE	REFERRED TO
6/19/2001	0	COMMON COUNCIL	ASSIGNED TO

Number
010379
Version
SUBSTITUTE 1
Reference

Sponsor
THE CHAIR
Title
A substitute charter ordinance relating to service retirement allowance.
Sections
36-05-1-a am
Analysis
Under s. 36-05-1-a, in the event a policeman who has elected an option dies between the date of his or her application for service retirement for service retirement and the effective date of his or her service retirement, the policeman shall be treated as though he or she died immediately after his or her retirement became effective. This makes the survivor eligible for a pension. This charter ordinance would extend the same benefit to all other members.
Body
The Mayor and Common Council of the City of Milwaukee do ordain as follows:

Part 1. Section 36-05-1-a 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. The request shall be filed not less than 30 days nor more than 90 days prior to the effective date of retirement. A member whose allowance would be less than $25 per month shall be paid a lump sum amount which is the actuarial equivalent of the allowance and the member shall not be eligible to receive any other benefits under this system. The board may adjust the minimum allowance 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 increased by more than the cost of living increase as measured by the increase in the Consumer Price Index All Urban Consumers-CPI-U U.S. Cities Average as reported by the U.S. Department of Labor Bureau of Labor Statistics between January 1, 1973 and the effective date of the adjustment. A member whose allowance is less than the minimum allowance shal...