13-1499a. Same; modification of benefits upon extension of federal social security act.
13-1499a
13-1499a. Same; modification of benefits upon extension of federal
social security act.
In the event the protection and benefits provided for by the social
security act is extended to the elective and appointive city officers and
employees, other than members of the police department, fire department,
water and light department, and all day laborers not paid on a monthly
basis, retirement benefits payable by the governing body of a city
operating under the provisions of this act shall not exceed fifty percent
(50%) of the actual average salary received by such retired employee during
the last two (2) years of service with such city, less one-half (1/2) the
amount of any benefits which the member is entitled to receive under the
social security act in effect on the member's retirement date.
History: L. 1955, ch. 103, § 5; L. 1959, ch. 96, § 1; June 30.