24-0532
| 0 | | Fire and Police Employees’ Retirement System - Benefits Enhancements | Ordinance | Fire and Police Employees’ Retirement System - Benefits Enhancements
FOR the purpose of amending certain provisions of the Fire and Police Employees’ Retirement System; changing the definition of “average final compensation”; providing a new deferred vested benefit; eliminating the 2-year waiting period for commencement of post-retirement benefit increases; repealing obsolete provisions relating to post-retirement benefit increases; changing the interest earned on DROP 2 accounts; providing for a special effective date; and generally relating to the Fire and Police Employees’ Retirement System. | Recommended Favorably | Pass |
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