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HomeMy WebLinkAboutORD 5892 AMEND 1945 RETIREMENT Augusta Richmond GA DOCUMENT NAME: 0 r ;0C;ro ;- S?9:;L DOCUMENT TYPE: OJt'fJttf/ (;e..- YEAR: ) q 00 BOX NUMBER: J- FILE NUMBER: /:2 ~ / J NUMBER OF PAGES: 3 ORDINANCE NO. ~8'9Y AN ORDINANCE TO AMEND THE 1945 AUGUSTA EMPLOYEES' PENSION FUND, 1945 GA. LAWS, p. 813 ET SEQ., AS AMENDED BY 1966 GA. LAWS, p. 2765 AND ORDINANCE NO. 5501, TO PROVIDE THAT A SURVIVING SPOUSE RECEIVING BENEFITS UNDER A SURVIVORSHIP ELECTION SHALL RECEIVE THE SAME LEVEL OF BENEFITS AS THOUGH COMPUTED UNDER 1949 GA. LAWS, p. 1070 ET SEQ., AS AMENDED; TO PROVIDE AN EFFECTIVE DATE; AND FOR OTHER PURPOSES. BE IT ORDAINED BY THE AUGUSTA-RICHMOND COUNTY COMMISSION AND IT IS HEREBY ORDAINED BY THE AUTHORITY OF SAME AS FOLLOWS: Section 1. The 1945 Augusta Employees' Pension Fund, 1945 Ga. Laws, p. 813 et seq., as amended by 1966 Ga. Laws, p. 2765 et seq., and Ordinance No. 5501, enacted under the Home Rule provisions of O.C.G.A. ~ 36-35-3 (b) (1), is hereby amended by deleting the following provision: Any employee who is entitled to pension fund benefits under Ga. Laws 1945, page 813, et seq., shall have the right, before or within ninety (90) days after the date of his or her retirement, to elect in writing to receive retirement benefits for his or her surviving spouse. If the employee elects survivorship benefits of the pension to which that employee is entitled under Ga. Laws 1945, page 813, et seq., there shall be deducted from said benefits due the employee the same percentage reduction that would have been applicable for that employee for the same level of benefits afforded the spouse as applicable to employees making the spousal election under Ga. Laws 1949, page 1070 at 1076, to pay for said survivorship benefits. Upon the death of the employee, the spouse of said deceased employee shall be entitled to 100% of the pension . benefits without the above deductions that would be payable to said deceased employee and shall be entitled to any increases or adjustments in said pension as if said employee were still in life as provided by Ga. Laws 1945, page 813, et seq. and by substituting therefor the following: Any employee who is entitled to pension fund benefits under Ga. Laws 1945, page 813, et seq., shall have the right, before or within ninety (90) days after the date of his or her retirement, to elect in writing to receive retirement benefits for his or her surviving spouse, with said benefits to be paid according to the same terms and conditions as for survivorship benefits under 1949 Ga. Laws, p. 1070 et seq., as amended, subject to any increases and adjustments in said pension as if said employee was still in life as provided by Ga. Laws 1945, p. 813, et seq. Section 2. All persons legally receiving or entitled to at the effective date of this ordinance retirement payor pensions or any other sum in accordance with any law then in force, shall continue to receive such retirement payor pensions or sums in accordance with the provisions of the respective laws, and shall continue to have the rights and duties in respect to all pensions, retirement and disability benefits, and all other benefits and rights as previously existing or hereafter existing under the - 2 - respective Acts under which he made a contribution, provided by the respective Acts relating to such funds then in force. Section 3. This ordinance is adopted by the Augusta- Richmond County Commission pursuant to the provisions of O.C.G.A. ~36-35-3 providing for Home Rule for Municipalities and pursuant to the provisions of the Constitution of the State of Georgia which provide for Home Rule by Counties. Section 4. All laws or ordinances or parts of laws or ordinances in conflict with this ordinance are hereby repealed. Section 5. This ordinance shall become effective upon its being filed with the Secretary of State of Georgia and with the Clerk of Superior Court of Richmond County, Georgia, in accordance with all applicable law. ADOPTED, this 3d day of December, 1996, and this 17th day of December, 1996. , , fJi1t1}/~ Its C r - 3 -