Number
000697
Version
ORIGINAL
Reference
Sponsor
THE CHAIR
Title
A charter ordinance relating to duty disability retirement allowances.
Sections
36-05-3-g rp
36-05-3-i am
Analysis
This charter ordinance, a revisor's bill, deletes all references to the federal Older Worker's Benefit Protection Act with respect to city duty disability retirement allowances.
Body
The Mayor and Common Council of the City of Milwaukee do ordain as follows:
Part 1. Section 36-05-3-g of the charter is repealed.
(Note: The provisions being repealed read as follows:
36-05. Benefits.
3. DUTY DISABILITY RETIREMENT ALLOWANCE.
g. Older Worker's Benefit Protection Act. General city employes hired on or after October 17, 1992, and general city employes hired prior to October 17, 1992, who elected an optional benefit under par. f and apply for a duty disability retirement allowance on or after January 1, 1993, will be eligible for a duty disability retirement allowance on the same terms as the duty disability retirement allowance which would otherwise apply to them except:
g-1. The amount of the member's benefit shall be 72% of final average salary. Effective with the installment next following the month such member attains age 62, the member's benefit shall be reduced by the amount of the service retirement allowance which would be payable upon voluntary conversion at age 62 under par. b-2.
g-2. If a member is between the ages of 55 and 59 at the time the benefit is first effective, the member shall continue to receive benefits during the period of eligibility until the member attains age 60 or the expiration of a maximum period of 46 months, whichever is later. If a member is between the ages of 60 and 65 at the time the benefit is first effective, the member shall continue to receive benefits during the period of eligibility until the expiration of a maximum period of 27 months. If a member has attained 65 years of age at the time...
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