Ordinance 3023 - Laserfiche WebLink

. Section 21 : The right of a person to a pension, annuity or retirement allowance or to the return of contributions ; the pension annuity or retirement allowance itself; any option or benefit; or any other right accrued or accruing to any person under the provisions of this ordinance , ancc the moneys in the fund created under this Ordinance , shall not be subject to execut on, gernishrpent, attachment , or any other process whatsoever, and she 1 be unassignable except as this Ordinance specifically provides. Section 22 : If it shall be impracticable for the board of A.dmi �istation to determine from the records the length of se vice , the compens:: tion or the age of any member, the said Board may estimate for the purpose of this ordinance such length of service , compensation and/or age , end such estimate shell be binding on the employe unless or until he proves to the satis- faction of the Board that such estimate is incorrect. Section 23: The payment of any retirement allowance to a member who has been retired from service shall be suspended during the time that the beneficiary is in receipt of state or federal old age pension, other than military pension, or is in receipt of other pension or of other compensation for state or public service paid from direct or indirect state or municipal taxes or revenues of publicly owned utilities, except as to the aL.ount by which such retirement allowE nce may exceed such pension or compensation for the same period, or as to the amount of his annuity, whichever amount is the greeter. In the event that the provisions of any state or federal pension laws shall hereafter be made applicable to employes of the City of verett, the provisions of this Ordinance may . be amended so that the rates of contribution and the benefit payments hereunder shall be coordinated therewith. Section 24: The City Council shall appropriate annually from the Retirement System Expense .i.ccount the amount it deems necessary for the purpose of paying the expenses of ad- ministering the Retirement System.. The Board of J;dministretion shall annually submit to the City Council its estimate of the aount necessary to pay such expenses. The preliminary cost of establishment of said Retirement -ystem, such as clerical help and actuarial survey costs, etc . , shall be paid by the City. ;section 25: If any one or more sections, sub-sectio s, sub-divisions, sentences , clauses or phrases of this Ordinance is or are for any reason held to be unconstitutional or invalid, such decision shall not affect the validity of the remaining portions of this ordinance , but the same shall remain in full force end effect.