§ 32.160. AMOUNT OF PENSIONS.  


Latest version.
  • (A) Effective July 1, 2005, and notwithstanding any provisions of §§ 32.150 through 32.172 to the contrary, any member, surviving spouse or dependent of a member receiving an annuity shall receive a minimum annual benefit of $9,600, and all members, surviving spouses or dependents shall receive a graduated increase in their annual benefits pursuant to the following schedule:
    Annual Pension Benefit Prior to Increase
    Increased Annual Benefit
    Less than $9,600
    Greater of $9,600 or current benefit plus $800
    $9,600 but less than $20,000
    Current benefit plus $800
    $20,000 but less than $30,000
    Greater of $20,800 or current benefit plus $600
    $30,000 or more
    Greater of $30,600 or current benefit plus $400
    (B) If death benefits are being paid to more than one individual due to the death of a member or a retired member, the total amount being paid due to the death of that member or retired member shall be combined for purposes of determining the amount of the annuity. Any increases in the annuity shall be allocated on a pro rata basis among all such beneficiaries of that member or retired member.
    (1999 Lou. Code, § 36.145) (Lou. Ord. No. 43-1974, approved 5-20-1974; Lou. Am. Ord. No. 103-1974, approved 9-9-1974; Lou. Am. Ord. No. 3-1979, approved 1-19-1979; Lou. Am. Ord. No. 54-1980, approved 4-28-1980; Lou. Am. Ord. No. 120-1982, approved 6-30-1982; Lou. Am. Ord. No. 80-1984, approved 3-30-1984; Lou. Am. Ord. No. 290-1984, approved 10-26-1984; Lou. Am. Ord. No. 142-1985, approved 6-4-1985; Lou. Am. Ord. No. 120-1987, approved 5-6-1987; Lou. Am. Ord. No. 89-1989, approved 3-29-1989; Lou. Metro Am. Ord. No. 64-2004, approved 6-3-2004; Lou. Metro Am. Ord. No. 128-2005, approved 8-29-2005; Lou. Metro Am. Ord. No. 102-2006, approved 6-30-2006)