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Agmt_1956_April 16_Coates, Herfurth & England Actuaries
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Agmt_1956_April 16_Coates, Herfurth & England Actuaries
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"t' 'tA <br />Summary of Amendments (Continued) <br />D. Other amendments to the Retirement Law made in 1953, which a Public Agency may <br />elect to apply to its contract are: <br />(11) Normal and minimum service retirement age for Local Firemen reduced <br />from 55 to 50 (the allowance not to be discounted); <br />(12) Continuation of one--half of the Service or Industrial Disability <br />retirement allowance to certain dependents upon death of a retired <br />Safety Member. (This benefit would automatically apply to Safety <br />i~iembers already retired.) <br />E. Agency may elect to increase the retirement allowances payable to retired persons <br />by applying to such persons the provisions of its contract: <br />(13) As that contract existed on June 30, 1954, or; <br />(14) As that contract mould exist if amended as outlined under paragraph <br />"A" above, or; <br />(15) As that contract would exist if amended as outlined under paragraphs <br />''A" and "$" above. <br />Ret. Form 559-2 (Rev. 9/54) 15C0 <br />
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