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is roximately one-half the average monthly sa during the five years immediately preceding
<br /> retn.ment. For other city employees, the monthly allowance, upon retirement at age 65, is approxi-
<br /> mately 1/70th of the average monthly salary during the five years immediately preceding retirement,
<br /> for each year of service after the effective date of participation, plus approximately 1/70th, or less
<br /> as may be provided in said contract by the municipal corporation for its employees, of the average
<br /> monthly salary during the three years immediately preceding the effective date of participation, for
<br /> each year of service prior to that date.
<br /> 4. Retirement for disability, except in the case of city firemen and city policemen disabled from
<br /> injury arising out of and in the course of employment, is permitted only after ten years of service and
<br /> uponproof of incapacity for the performance of duty.
<br /> 5. The monthly retirement allowance payable upon disability retirement, described in preceding
<br /> item 4, is dependent upon such factors as age, salary and years of service, but generally is equal to
<br /> 90% of 1/70th of the average monthly salary during the five years immediately preceding retirement,
<br /> for each year of service, with a guarantee of 25% of said salary, subject to certain restrictions and
<br /> modifications.
<br /> 6. Disability retirement of city firemen and city policemen, in the event of disability arising out
<br /> of and in the course of employment,is permitted regardless of age and service, the monthly retirement
<br /> allowance being one-half the average monthly salary during the five years immediately preceding
<br /> retirement.
<br /> 7. The benefit payable at death, except in the case of city firemen and city policemen dying
<br /> from injury arising out of and in the course of employment, consists of thecontributions of the
<br /> member plus interest, and plus 1/12th of the member's annual salary during the year immediately
<br /> preceding death, for each year, not exceeding six years, of service as a member of the system.
<br /> 8. The monthly allowance payable to the widow and children, at the death of city firemen and
<br /> city policemen arising out of and in the course of employment, is one-half the average monthly salary
<br /> during the five years immediately preceding death.
<br /> 9. The benefit upon separation from service by other cause than death or retirement,is the refund
<br /> of the member's contributions, with interest.
<br /> 10. Contributions required of city firemen and city policemen, without credit for prior service,
<br /> depend upon salary and upon age of entry into the retirement system, the contributions per $100 of
<br /> • salary varying from $5.40 at entry age 21, to $9.32 at entry age 35, for example, if the minimum
<br /> service retirement age is 60, or $7.63 and $14.35, if the minimum age is 55. Contributions of
<br /> firemen and policemen having credit for prior service depend on salary, entry age, and amount of
<br /> prior service, the amount of contribution per $100 being $13.79 for example, at entry age 59, with
<br /> 19 years of prior service, ifthe minimum service retirement age is 60, and $16.33 at age 54, with 19
<br /> years of prior service,if the minimum service retirement age is 55.
<br /> 11. For other city employees, the contributions depend upon salary, sex, and age of entry into
<br /> the retirement system, the contributions per $100 of salary varying from $4.83 at age 20, to $7.45.
<br /> at age 64, for men, and from $5.83 at age 20, to $8.50 at age 64, for women,
<br /> 12. The city is required to contribute the balance of the funds necessary to meet the cost of the
<br /> benefits provided under the retirement system for the city's employees. The city also is required to
<br /> pay its proportionate share of the administrative costs of the system.
<br /> 13. Ability of the Retirement System to pay benefits is safeguarded by a provision authorizing
<br /> the Board of Administration to revise contributions of both employees and the city, in the light of
<br /> experience under the system.
<br /> F 125A. 34231 7-49 OM SPO
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