HomeMy WebLinkAboutA001 - Notice of Correction NOTICE Ur C
The publication of ordinance No. 2321 on December 8, 1969,
was in error in that it failed to reflect an amendment by
the City Council prior to its being passed.
Sec' 36-10004 (10) of the Municipal
Ame;, as amended, reads as follows:
Regular interest. The board of trustees, at ,
meeting to be held early in each calendar year
will determine the interest rate for employee
contributions to be computed for the preceding,
":calendar year and credited to the employee
`accounts as of December 31 of that preceding '-'—'.
year. However, for any year in which the utilit•
contribution exceeds five percent -(5%) ,- the
credited to the employee -accounts shall
be three percent
"T!WM- 7-77
-Louise Whitcome
Clerk
(a) Written certification by at least two (2)
licensed and practicing physicians approved by the
board that the employee is disabled and unable to
reasonably perform the duties of any assigned pos-
ition within any utility.
(b) Written certification by the administrative
officer of the employee that such employee
(1) is not separated from the employment
of the utility and
(2) is disabled and is consequently not
entitled to any earnings. ,
r - -
(5) Earnings. Compensation paid by the utility to
an employee for personal service.
(6) EmployEe. A person in the non-temporary employment
of the City who regularly receives, or is expected to
regularly receive in excess of ten percent (10/) of his
compensation from the utility of the City for personal
services rendered in connection with the operation,
maintenance or management of the utility; however, a
person appointed b,� the City Council must apply in writ-
ing to the utility retirement board in order to qualify
as an employee of the utility.
(7) Temporary Empl.o ent. Temporary employment is that
d employment which, at the time of entry thereon, is not
expected to continue for a period of excess of one-
hundred calendar days.
(8) Highest average earnings. The monthly average earn-
ings during the sixty (60) highest paid consecutive
months out of the one hundred and twenty (120) months
immediately preceding the date of retirement or date
disability was incurred.
19) Military duty. Military duty is service in the
armed forces of the United States of America or State of
Iowa during a period of declared war or national or state
emergency, provided the employes was employed by the
utility immediately prior to entry into the armed forces,
and further provided that the employee received an Hon-
orable or. General Discharge from the service and returned-
to employment by the utility within sixty (60) days of
the date on which he shall have the right to release from
the armed service.
(10) Regular interest . The board of trustees, at a
meeting to be held early in each calendar year, will
determine the interest rate for employee contributions
to be computed for the preceding calendar year and credit d
to the employee accounts as of December 31 of that pre-
ceding year. However, for any year in which the utility
contribution exceeds five percent (5%) , the interest
credited to the employee accounts shall be three percent
(3%) .
(11) Retirement income. A series of equal monthly pay-
ments payable to a retired employee; the first payment
to be made on the last day of the month following the
retirement date and the last payment to be made on the
last day of the month in which death of the retired
employee occurs. Except for those retired for disability
retirement income shall be increased by twelve and one-
half percent (121-2/) effective January 1, 1970, for any
employee retired on or before December 311 1969.