Sec. 2-206. Applicability of plan; retirement age; reduced
benefits for retirement at sixty-two; retirement
of certain employees over sixty-two may be
requested.
The provisions of this article shall extend to all full-time
employees of the city who
(1) Remain in the continuous service of the city until they
reach the age of sixty-five years and have ten years or more of
continuous service with the city; or
(2) Meet the requirements of (1) above but decide to retire at
age sixty-two or over at reduced benefits as set forth in section
2-207; or
(3) Are forced to retire for reasons of disability as set forth in
section 2-209; or
(4) Are, having reached the age of sixty-two or over and having
at least twenty years of continuous service, requested to retire by
the city council, if appointed by them, or by the city manager, if
employed by him or his department heads; or
(5) Complete at least twenty years of continuous and full-time
employment with the city and terminate their employment either
voluntarily or involuntarily, prior to their reaching retirement
age. These persons shall be eligible to receive retirement pay from
the city when they reach the age of sixty-five, or at reduced
benefits at age sixty-two or over as provided in this article, at the
rates set forth in section 2-208.
Retirement pay under this section shall be based on the amount
of the employee's salary and the number of years of service
effective at the time his city employment is terminated.
Notwithstanding any other provision of this article or section,
any employee, regardless of age, who shall have been
continuously employed by the city on a full-time basis for a period
of forty-five years or more, shall be eligible to retire with full
benefits as set forth in this article. (11-2-59; 4-3-61; 2-19-68; 4-2-73.)
