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Ordinance 1862CITY OF ALAMEDA ORDINANCE NO. 1862, New Series AMENDING ORDINANCE NO. 1082 N.S. BY AMENDING SECTION 14 THEREOF RELATING TO THE PENSION SYSTEM OF MEMBERS OF THE POLICE AND FIRE DEPARTMENTS OF THE CITY OF ALAMEDA ENTERING CITY SERVICE AFTER JANUARY 1, 1953 BE IT ORDAINED BY THE COUNCIL OF THE CITY OF ALAMEDA that: Section 1 . Section 14 of Ordinance Nq. 1082 N.S. is hereby amended to read as follows: Section 14 Optional Modification of Pension Until the first payment on account of any pension (whether service or disability) is made, the member may elect to receive in lieu of the unmodified allowance the actuarial equivalent of his pension at the time of his retirement as a lesser pension payable throughout his life, with one of the following options: (a) If he dies before he receives in pension payments the amount of his accumulated contributions as it stood at his retirement, the balance of such accumulated con- tributions shall be paid to his beneficiary. (b) Upon his death, his lesser pension shall be con- tinued throughout the life of, or until remarriage of, and paid to his surviving spouse, provided she was his wife at least one (1) year prior to his retirement. In case of the death of the widow, the City agrees to continue to distri- bute the lesser pension herein provided for among the minor children of the member until they either marry or reach age 21, whichever occurs first. Section 2 . This ordinance is one of great necessity and urgency within the meaning of Section 3 -12 of the City Charter, is introduced and passed at the same Council meeting, and shall become effective Section 3 . The facts constituting the necessity and urgency thereof are: 1. The City Council adopted amendments to Ordinance No. 1082 N.S. on December 7, 1976. 2. Those amendments will be effective on January 1, 1977. 3. Before any further amendments can be made persons will retire under Ordinance No. 1082 N.S. 4. This amendment to Ordinance No. 1082 N.S. should be made prior to those retirements. Section 4 . The Council hereby finds, determines and declares c, that it is in the best public interest and necessity that this a, ¢ ordinance be introduced and passed at the regular meeting of the y o < - City Council held April 5, 1977 and that this ordinance become f -L CI and be in full force and effect on April 6, 1977. Attest: Pre ing Officer of the Council ' T s' City Clerk -2- I. the undersigned, hereby certify that the foregoing Ordinance was duly and regularly adopted and passed by the Council of the City of Alameda in regular meeting assembled on the 5th day of April, 1977. by the following vote, to suit: AYES: Councilmen Beckam, Diament, Hurwitz, Sherratt and President Corica, (5). NOES: None. ASSENT: None. IN WITNESS WHEREOF, I have hereunto set my hand and affixed the official seal of said City this 6th day of April, 1977. City Clerk of the City Alameda