Baltimore County |
Code of Ordinances |
Article 5. PENSIONS AND RETIREMENT |
Title 1. EMPLOYEES RETIREMENT SYSTEM |
SubTitle 2. RETIREMENT SYSTEM |
§ 5-1-234. SUPPLEMENTARY BENEFIT PAYMENTS.
(a)
The county shall have the power and authority, in their discretion, to pay to any county employee who became a member of the system prior to July 1, 1965, and who is receiving any retirement benefits under the provisions of this subtitle, where such benefits in the aggregate are less than one hundred dollars ($100.00) per month, an additional sum not exceeding twenty-five dollars ($25.00) per month where such employee has less than ten (10) years of creditable service or an additional sum not exceeding fifty dollars ($50.00) per month where such employee has ten (10) or more years of creditable service; provided that the sum granted to any such employee by the county shall be such that when added to whatever sum any such employee is receiving as retirement pay under the provisions of this subtitle, prior to optional modification, the total shall not exceed one hundred dollars ($100.00) per month. The county shall also have the power and authority in their discretion, to pay to any county employee who became a member of the system on or after July 1, 1965, and who is receiving any retirement benefits under the provisions of this subtitle an amount which, when added to whatever sum any such employee is receiving as retirement pay under the provisions of this subtitle, prior to optional modification, shall not exceed fifty dollars ($50.00) per annum multiplied by the number of years of the member's creditable service not in excess of thirty (30) years; provided that the actuarial equivalent of such amount shall be payable in the event of service retirement prior to normal service retirement age. Any supplementary amounts paid under the provisions of this section shall terminate upon the death of such employee and shall not be payable to the member's heirs at law nor to any beneficiary or beneficiaries named by such employee under the member's last will and testament or designated under the member's last will and testament or designated under the provisions of this subtitle.
(b)
The county shall annually levy an amount sufficient to pay such additional benefits as provided in this section.
(1988 Code, § 23-64) (Bill No. 32-03, § 1, 7-1-2004)