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• AN ORDINANCE TO AMEND AND REORDAIN SECTION 20-23, OF THE CODE OF THE CITY OF CHARLOTTESVILLE, 1976, AS AMENDED, RELATING TO THE CALCULATION OF SERVICE RETIREMENT ALLOWANCES. BE IT ORDAINED by the Council of the City of Charlottesville, Virginia, that §20-23, as amended, of the Code of the City of Charlottesville, be amended and reordained as follows: Section 20-23. Service retirement allowance. (a) Upon service retirement on or after July 1, 1975, a member shall receive an annual retirement allowance payable monthly to him for life commencing on the first day of the month coinciding with or next following his date of retirement, in an amount computed as the larger of (1) and (2) following: (1) The excess, if any, of two percent of the member's average final compensation multiplied by the number of years of his creditable service, over two and one-half percent of the member's annual primary social security benefit, multiplied by the number of years of his creditable service up to a maximum of twenty years. • (2) One and thirty-five hundredths percent of the member's average final compensation multiplied by the total number of years of his creditable service. The foregoing provisions of this subsection to the contrary notwithstanding, if the retirement date of a member with Less than thirty years of creditable service precedes his normal retirement date, his retirement allowance amount as computed in accordance with the preceding provisions of this subsection shall be reduced by one-half of one percent for each complete month in the period between the member's retirement date and the earlier of his normal retirement date or the date on which he would have completed thirty years of creditable service had he remained an employee continuously until such date. (b) In addition to the retirement allowance to which he is entitled under the provisions of subsection (a) of this section a retired member who at his date of retirement was in service as a police officer or firefighter and who has completed twenty years or more of creditable service shall receive an additional annual allowance, payable monthly, during the period after his date of retirement and between his normal retirement date and his attainment of the age sixty-five, equal to fifty percent of the member's annual primary social security benefit as calculated pursuant to §20-24. Ewe, ii�aTR.,-t�ver3drQd eigt de�lar9- 0