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1976_Ordinances
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1976_Ordinances
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0 SECTION 2-219.16 <br />13. <br />Recomputation of allowances. <br />Any former member who has retired and is, at June 30, 1975, receiving a service <br />retirement allowance pursuant to the provisions of the plan as in effect on such date, <br />shall, effective July 1, 1975, receive a retirement allowance which shall be computed as <br />the larger of the allowance being paid as of June 30, 1975, or the allowance that would <br />have been payable if the provision of this article as in effect on July 1, 1975, had been <br />in effect on the date of retirement of such member. <br />SECTION 2-219.17. Waiver of benefits. <br />Any beneficiary may, by a waiver signed by such beneficiary and filed with the <br />commission and approved by it, decline to accept any part or all of the benefits to <br />which he is entitled under this article. Such waiver may be revoked at any time by a <br />written revocation filed with the commission, but no payment of the waived benefits <br />shall be made covering the period during which such waiver was in effect. Any such <br />waiver or revocation of waiver shall become effective on the first day of the month <br />following the date of the meeting of the commission at which such waiver or revocation <br />of waiver is approved. <br />SECTION 2-219.18. Corrections and other effects on benefits. <br />•(a) Should any change or error in records result in any member or beneficiary <br />receiving from the plan more or less than he would have been entitled to receive had the <br />records been correct, then on discovery of such error the commission shall correct it, <br />and as far as practicable, shall adjust the payments in such a manner that the actuarial <br />equivalent of the benefit to which such member or beneficiary was correctly entitled <br />shall be paid. <br />(b) Except as otherwise provided herein and in section 2-219.12 of this code, the <br />fact that a former member is employed after retirement will not affect the payment of the <br />benefits to which he is entitled under the provisions of this article. However, should a <br />former member be again in service at any time subsequent to his retirement under <br />section 2-219.9 of this code for any period in excess of sixty days, his retirement <br />allowance shall thereupon cease, he shall resume his status as a member of the system, <br />and his previous period of creditable service shall be re-established. Any benefits <br />which may become payable thereafter under any of the provisions of this article upon <br />his subsequent retirement or death shall be computed in accordance with the applicable <br />provisions of this article as if his previous retirement has not occurred, based on the <br />total of his creditable service before and after his period of retirement. <br />SECTION 2-219.19. Alteration, amendment or repeal. <br />(a) The city council reserves the right to alter, amend or repeal any provision <br />
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