Section 86.1620 – Funeral benefits, amount.
Effective – 28 Aug 2011, 2 histories 86.1620. Funeral benefits, amount. — 1. Upon the death after August 28, 2003, of a member in service, or upon the death of a member who was in service on or after August 28, 2003, and who dies after having been retired and pensioned, there shall be paid, […]
Section 86.1630 – Tax-exempt status of plan to be maintained — assets of system to be held in trust — member benefits vested, when — distribution of benefits.
Effective – 28 Aug 2015, 3 histories 86.1630. Tax-exempt status of plan to be maintained — assets of system to be held in trust — member benefits vested, when — distribution of benefits. — 1. A retirement plan under sections 86.1310 to 86.1640 is a qualified plan under the provisions of applicable federal law. The […]
Section 86.1640 – Incentives for early retirement, board to administer and pay.
Effective – 28 Aug 2005 86.1640. Incentives for early retirement, board to administer and pay. — If a city and the police department of such city adopt any program of incentives to authorize or encourage early retirements, whether for employees not yet eligible for regular retirement or for employees who are eligible but have not […]
Section 86.1530 – Normal retirement dates.
Effective – 28 Aug 2013, 2 histories 86.1530. Normal retirement dates. — The normal retirement date of a member shall be the later of: (1) Tier I member – the date such member attains the age of sixty-five years, or the tenth anniversary of such member’s employment; or (2) Tier II member – the date […]
Section 86.1540 – Normal pension, amount — early retirement option, when — election for optional benefit for spouse — pension after five years of creditable service — felony conviction, effect of.
Effective – 28 Aug 2013, 3 histories 86.1540. Normal pension, amount — early retirement option, when — election for optional benefit for spouse — pension after five years of creditable service — felony conviction, effect of. — 1. (1) Upon retirement on or after a member’s normal retirement date, such member shall receive a base […]
Section 86.1550 – Termination of employment prior to five years of creditable service, lump-sum payment.
Effective – 28 Aug 2005 86.1550. Termination of employment prior to five years of creditable service, lump-sum payment. — Whenever a member’s service is terminated for any reason prior to death or retirement and such member has less than five years of creditable service, or a member’s service is terminated after conviction of a felony, […]
Section 86.1560 – Disability retirement pension, amount — definitions — board to determine disability, proof may be required.
Effective – 28 Aug 2011, 3 histories 86.1560. Disability retirement pension, amount — definitions — board to determine disability, proof may be required. — 1. A member in active service who becomes totally and permanently disabled, as defined in this section, shall be entitled to retire and to receive a base pension determined in accordance […]
Section 86.1570 – Offset to workers’ compensation payments — member’s percentage defined.
Effective – 28 Aug 2005 86.1570. Offset to workers’ compensation payments — member’s percentage defined. — 1. Any periodic payment, excluding payments for medical treatment, which may be paid or payable by cities under the provisions of any workers’ compensation or similar law to a member or to the dependents of a member on account […]
Section 86.1580 – Optional distribution under partial lump-sum option plan, when — death before retirement, effect of.
Effective – 28 Aug 2013, 2 histories 86.1580. Optional distribution under partial lump-sum option plan, when — death before retirement, effect of. — 1. Any member in active service entitled to commence a pension under section 86.1540 may elect an optional distribution under the partial lump sum option plan provided in this section if the […]
Section 86.1590 – Cost-of-living adjustments — base pension defined.
Effective – 28 Aug 2013, 2 histories 86.1590. Cost-of-living adjustments — base pension defined. — 1. Provided that the retirement system shall remain actuarially sound, each of the following persons may receive each year, in addition to such person’s base pension, a cost-of-living adjustment in an amount not to exceed three percent of such person’s […]