Section 86.173 – Sum transferred to reserve fund, when.
Effective – 28 Aug 1939 86.173. Sum transferred to reserve fund, when. — Upon the retirement or death of a member not entitled to prior service credit an amount equal to the pension reserve on any pension payable to him or on account of his death shall be transferred from the pension accumulation fund to […]
Section 86.177 – Pension reserve fund.
Effective – 28 Aug 1939 86.177. Pension reserve fund. — The pension reserve fund shall be the fund in which shall be held the reserves on all pensions granted to members not entitled to prior service credit or to their beneficiaries and from which such pensions and benefits in lieu thereof shall be paid. Should […]
Section 86.180 – Expense fund.
Effective – 28 Aug 1939 86.180. Expense fund. — The expense fund shall be the fund to which shall be credited all money provided by the said cities to pay the administration expenses of the retirement system and from which shall be paid all the expenses necessary in connection with the administration and operation of […]
Section 86.183 – Contributions by city.
Effective – 28 Aug 1939 86.183. Contributions by city. — 1. On or before the first of March of each year the board of trustees shall certify to the board of police commissioners the amounts which will become due and payable during the year next following to the pension accumulation fund and the expense fund. […]
Section 86.187 – Guaranty.
Effective – 28 Aug 1939 86.187. Guaranty. — Regular interest charges payable, the creation and maintenance of reserves in the pension accumulation fund and the maintenance of annuity reserves and pension reserves as provided for and the payment of all pensions, annuities, retirement allowances, refunds and other benefits granted under the provisions of sections 86.010 […]
Section 86.190 – Exemption from tax and execution.
Effective – 28 Aug 1939 86.190. Exemption from tax and execution. — The right of any person to a pension, annuity or retirement allowance, to the return of contributions, the pension, annuity or retirement allowance itself, any optional benefit or death benefit, any other right accrued or accruing to any person under the provisions of […]
Section 86.193 – Correction of errors in benefits, adjustments.
Effective – 28 Aug 1955 86.193. Correction of errors in benefits, adjustments. — Should any change or error in records result in any member or beneficiary receiving from the retirement system more or less than he would have been entitled to receive had the records been correct, the board of trustees shall correct such error […]
Section 86.163 – Amount payable to pension accumulation fund.
Effective – 28 Aug 1951 86.163. Amount payable to pension accumulation fund. — The total amount payable in each year to the pension accumulation fund shall be not less than the sum of the rates percent known as the normal contribution rate and the accrued liability contribution rate of the total compensation earnable by all […]
Section 86.167 – Accrued liability contribution discontinued, when.
Effective – 28 Aug 1939 86.167. Accrued liability contribution discontinued, when. — The accrued liability contribution should be discontinued as soon as the accumulated reserve in the pension accumulation fund shall equal the present value as actuarially computed and approved by the board of trustees, of the total liability of said fund, less the present […]
Section 86.170 – Pensions and benefits payable from pension accumulation fund — exceptions.
Effective – 28 Aug 1939 86.170. Pensions and benefits payable from pension accumulation fund — exceptions. — All pensions, and benefits in lieu thereof with the exception of those payable to or on account of members who received no prior service allowance and all lump sum death benefits on account of death in active service […]