§88-88 - Adjustment of retirement allowances of retirants.
§88-88 Adjustment of retirement allowancesof retirants. The retirement allowance of any class A member whoseallowance was reduced by reason of social security coverage subsequent toDecember 31, 1955, shall be increased by the amount of such reduction;provided that the increase shall be limited to 1/280 of that part of the classA member's average final compensation not in excess of $4,200 per annummultiplied by the number of years of the class A member's creditable servicerendered between January 1, 1956, and January 1, 1965, for which theclass A member received compensation covered by social security, and providedthat in the case of a member who retired on a service-connected disabilityretirement the increase shall be limited to 16 and 2/3 per cent of that part ofthe member's average final compensation not in excess of $4,200 per year. [L1969, c 102, §1; gen ch 1985]