Section 50.1060 – Normal annuity, amount, limitation — board to recommend adjustments to formula.
Effective – 01 Jan 2000 50.1060. Normal annuity, amount, limitation — board to recommend adjustments to formula. — 1. The normal annuity of a retired member who is not a member of LAGERS shall be a monthly benefit equal to the greater of: (1) Twenty-four dollars multiplied by years of creditable service, up to a […]
Section 50.1000 – Definitions.
Effective – 28 Aug 2001 50.1000. Definitions. — As used in sections 50.1000 to 50.1300, the following words and terms mean: (1) “Annuity”, annual payments, made in equal monthly installments, to a retired member from funds provided for in, or authorized by, the provisions of sections 50.1000 to 50.1300; (2) “Average final compensation”, the monthly […]
Section 50.1010 – Fund authorized, management — apportionment of benefits.
Effective – 28 Aug 2001 50.1010. Fund authorized, management — apportionment of benefits. — There is hereby authorized a “County Employees’ Retirement Fund” which shall be under the management of a board of directors described in section 50.1030. The board of directors shall be responsible for the administration and the investment of the funds of […]
Section 50.1020 – Source of funds, delinquent tax penalties — county assessor, duties — deposit of funds — payroll deduction.
Effective – 11 Jul 2002 50.1020. Source of funds, delinquent tax penalties — county assessor, duties — deposit of funds — payroll deduction. — 1. The board may accept gifts, donations, grants and bequests from private or public sources to the county employees’ retirement system fund. 2. No state moneys shall be used to fund […]