Number
111504
Version
SUBSTITUTE 1
Reference
090049
Sponsor
ALD. MURPHY
Title
A substitute charter ordinance relating to the selection of a retirement option in the employes’ retirement system.
Sections
36-05-7-b-4-a am
Analysis
This charter ordinance provides that general city employes participating in the employes’ retirement system who previously selected a protective survivorship option may reselect his or her retirement option at the time of retirement or if that member marries after his or her initial election of a protective survivorship option.
Body
The Mayor and Common Council of the City of Milwaukee do ordain as follows:
Part 1. Section 36-05-7-b-4-a of the city charter is amended to read:
36-05. Benefits.
7. OPTIONAL BENEFITS.
b. Retirement Options.
b-4. Protective Survivorship Option.
b-4-a. Any member eligible for normal service retirement under this act, except policemen who attain eligibility for normal service retirement under sub. 1-f on or after January 1, 1985, and firemen who attain eligibility for normal service retirement under sub. 1-f on or after March 1, 1985, may elect a protective survivorship option without a reduction because of such election by selecting an option under this subdivision in the manner hereinafter set forth, which option shall then become effective at his or her death, with the same force and effect as if such member had retired under such option immediately prior to his or her death. Any policeman who attains 25 years of creditable service as a policeman under this act on or after January 1, 1985, any fireman who attains 25 years of creditable service as a fireman under this act on or after March 1, 1985, and any fireman eligible for a service retirement allowance under sub. 1-f after attaining the age of 49 years and 22 years of creditable service, may elect a protective survivorship option without a reduction because of such election by selecting an option under this subdivision in the manner ...
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