City And County of San Francisco Charter 96-98
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(b) Every retirement allowance payable to or on account of a member who retired, for service under the provisions of Subsection (b) of Section 8.509 of this charter on or after July 1, 1947, and prior to July 1, 1974, prior to having attained the age of 60 years is hereby increased for time commencing on July 1, 1974, to the amount it would have been if such allowance had been computed, on the date such retirement allowance was first effective, on the basis of the percent of such member's avera...ge final compensation for each year of credited service as is set forth in the following table opposite his age at retirement, taken to the preceding completed quarter year: CH-177 A8.536 San Francisco Charter, Appendix A Percent for Age at Each Year of Retirement Credited Service 55 1.5000 5574 1.5250 5572 1.5500 55^4 1.5750 56 1.6000 5674 1.6250 5672 1.6500 56% 1.6750 57 1.7000 5774 1.7250 5772 1.7500 573/4 1.7750 58 1.8000 5874 1.8250 5872 1.8500 58% 1.8750 59 1.9000 5974 1.9250 5972 1.9500 593/4 1.9750 In no event shall a member's retirement allowance, as increased under the provisions of paragraph (a) or (b) of this section, exceed 75 percent of his average final compensation.
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To quickly assess the difficulty of the text, read a short excerpt:
(b) Every retirement allowance payable to or on account of a member who retired, for service under the provisions of Subsection (b) of Section 8.509 of this charter on or after July 1, 1947, and prior to July 1, 1974, prior to having attained the age of 60 years is hereby increased for time commencing on July 1, 1974, to the amount it would have been if such allowance had been computed, on the date such retirement allowance was first effective, on the basis of the percent of such member's avera...ge final compensation for each year of credited service as is set forth in the following table opposite his age at retirement, taken to the preceding completed quarter year: CH-177 A8.536 San Francisco Charter, Appendix A Percent for Age at Each Year of Retirement Credited Service 55 1.5000 5574 1.5250 5572 1.5500 55^4 1.5750 56 1.6000 5674 1.6250 5672 1.6500 56% 1.6750 57 1.7000 5774 1.7250 5772 1.7500 573/4 1.7750 58 1.8000 5874 1.8250 5872 1.8500 58% 1.8750 59 1.9000 5974 1.9250 5972 1.9500 593/4 1.9750 In no event shall a member's retirement allowance, as increased under the provisions of paragraph (a) or (b) of this section, exceed 75 percent of his average final compensation.
What to read after City And County of San Francisco Charter 96-98?
You can find similar books in the "Read Also" column, or choose other free books by San Francisco Calif Board of Supervisors to read onlineMoreLess
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