Laserfiche WebLink
<br />A. A retirement income of a monthly amount payable to the Retiree for his <br />lifetime only. <br />B. A retirement income of a modified monthly amount, payable to the Retiree <br />during the lifetime of the Retiree and following the death of the Retiree, one <br />hundred percent (1 00%), seventy-five percent (75%), sixty-six and two-thirds <br />percent (66 2/3%) or fifty percent (50%) of such monthly amount payable to <br />a joint pensioner for his lifetime. The 1'~"SCllt ,;due vf paym.:;nt& tv ti~c <br />R..t;iCC sh;dlllot b" ).,ss thall fifty pc~",,~tt (50%) vfti~c total p~"~,,ut ,altlG of <br />paymellts t" thc R"t;~"" aHd his jv;ut I'CIISj011(.1. Except where the Retiree's <br />ioint pensioner is his spouse. the payments to the ioint pensioner as a <br />percentage of the payments to the Retiree shall not exceed the applicable <br />percentage provided for in the applicable table in the Treasurv regulations. <br />SECTION 3: That Chapter 62, Personnel, Article xvrn, Police Officers' and Firefighters' <br />Pension Plan, of the City of Casselberry Code of Ordinances, is hereby amended by amending <br />Section 62-496, Distribution of Benefits, to read as follows: <br />SECTION 62-496. MINIMUM DISTRIBUTION OF BENEFITS. <br /> <br />:Notwith.sta.udlus any 6th",! pl0~~&~vJ..L vft!U6 SJ"tGlll to Hi" GOLiluuj, a [VUlt of .L\.Jl~J.Gln'ht <br /> <br /> <br />ilKOJ.L.L'-' paya-Ll\".l .&0111 tl.L~" Sy"tGJll aft....! tIlG TIfB",,-,ti vG Dut" of t:1.L~':) OHhuUlJ.CG, 611<<11 sat;.:!t[y thG <br /> <br /> <br />fullovv~ng GOHd~t~on5. <br /> <br /> <br />1. If Hi" lail(,l.LJ.\"iut iuGOu.L.... is payabk b,,f"v.L\.I thG 1vf",1l1b"J.'" dGatll, <br /> <br /> <br />A. It "IJ.ull Gith(...l 1" di5b.~butcd 01 \.JvlruUGuGG to tl.l.\.J ~fGuibGl .l.lot latG.I. tl.l.aJ..I. Ap.l.a <br /> <br />1 vfLl.l.G Gakudcll yG&.... fuIloh~uo tIt, latGl oftl.G Gc\'lvuda. YvaJ. 1.1..1. whiGl:.. t1.1.(, <br />~IGlubGl attfuu" agG bvv""uty dud OHG-I.alf (70-L'2), v. tllG Gcil('lldht yGa. ~H <br />~1~vll1\.fG111bv. 1Gt':""""", <br /> <br /> <br />D. Th"" d~sh1byt~vu ShAll vonUUvU\.JG uvt Im".l fl.a.Ll Ll.lv GalvuJaJ. y""aJ. dGfluvd <br /> <br /> <br />abo ~ G, aJ..ld A'), &1.411 b" paid 0 ~ "I tll" l~k of tL." ~fvuJ,G1 (h 0 ~ G.l fl." l~.h.,L~u.lG6 <br /> <br />Ofal" AIvuit(..l aJ..l.d SpOu"G, l.<<'buv 01 dvpGud(.dt, (h b), shall bG p~d OvG.l t:11" <br /> <br />3 <br />