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Article I.
Section 1.01. Applicability and Definitions - Sec. 1.01. APPLICABILITY AND DEFINITIONS. This Act applies only to...
Section 1.02. Definitions - Sec. 1.02. DEFINITIONS. The following words and phrases have the...
Article II.
Section 2.01. Establishment and Applicability - Sec. 2.01. ESTABLISHMENT AND APPLICABILITY. The retirement system for police...
Section 2.02. Successor - Sec. 2.02. SUCCESSOR. This system is the successor system to...
Section 2.03. Purpose - Sec. 2.03. PURPOSE. It is the express purpose of this...
Article III.
Section 3.01. Administration - Sec. 3.01. ADMINISTRATION. There is hereby created a police retirement...
Section 3.02. Composition of Board; Trustee Qualifications - Sec. 3.02. COMPOSITION OF BOARD; TRUSTEE QUALIFICATIONS. (a) The police...
Section 3.03. Police Officer and Retired Members of Board - Sec. 3.03. POLICE OFFICER AND RETIRED MEMBERS OF BOARD. (a)...
Section 3.04. Oath; Compensation - Sec. 3.04. OATH; COMPENSATION. (a) At the first regularly scheduled...
Section 3.05. Chair; Vice-Chair - Sec. 3.05. CHAIR; VICE-CHAIR. (a) The board shall elect from...
Section 3.06. Rules; Quorum; Removal - Sec. 3.06. RULES; QUORUM; REMOVAL. (a) Subject to the limitations...
Section 3.07. Board Records - Sec. 3.07. BOARD RECORDS. The board shall keep or cause...
Section 3.08. Administration of Police Retirement System - Sec. 3.08. ADMINISTRATION OF POLICE RETIREMENT SYSTEM. (a) The board...
Section 3.09. Actuary; Duties - Sec. 3.09. ACTUARY; DUTIES. (a) The police retirement board shall...
Section 3.091. Process for Experience Studies and Changes to Actuarial Assumptions - Sec. 3.091. PROCESS FOR EXPERIENCE STUDIES AND CHANGES TO ACTUARIAL...
Section 3.10. Investment Managers - Sec. 3.10. INVESTMENT MANAGERS. The police retirement board may hire...
Section 3.11. Investment Consultant - Sec. 3.11. INVESTMENT CONSULTANT. The board may hire an investment...
Section 3.12. Legal Counsel - Sec. 3.12. LEGAL COUNSEL. The board may retain legal counsel...
Section 3.13. Reimbursement of Legal Expenses of Board Member or Employee of System - Sec. 3.13. REIMBURSEMENT OF LEGAL EXPENSES OF BOARD MEMBER OR...
Section 3.14. Confidentiality of Information About Members, Retirees, Annuitants, or Beneficiaries - Sec. 3.14. CONFIDENTIALITY OF INFORMATION ABOUT MEMBERS, RETIREES, ANNUITANTS, OR...
Article IV.
Section 4.01. Membership - Sec. 4.01. MEMBERSHIP. (a) Any person who is a police...
Article V.
Section 5.01. Creditable Service - Sec. 5.01. CREDITABLE SERVICE. (a) The board shall determine by...
Section 5.02. Military Service Credit - Sec. 5.02. MILITARY SERVICE CREDIT. (a) An eligible member or...
Section 5.03. Probationary Service Credit - Sec. 5.03. PROBATIONARY SERVICE CREDIT. (a) An eligible member or...
Section 5.04. Cadet Service Credit - Sec. 5.04. CADET SERVICE CREDIT. (a) Under irrevocable action taken...
Section 5.05. Permissive Service Credit - Sec. 5.05. PERMISSIVE SERVICE CREDIT. (a) The police retirement board...
Article VI.
Section 6.01. Service Retirement Benefits and Increases in Benefits - Sec. 6.01. SERVICE RETIREMENT BENEFITS AND INCREASES IN BENEFITS. (a)...
Section 6.02. Eligibility for Service Retirement - Sec. 6.02. ELIGIBILITY FOR SERVICE RETIREMENT. (a) A group A...
Section 6.03. Annuity Options - Sec. 6.03. ANNUITY OPTIONS. (a) In lieu of the life...
Section 6.04. Termination Prior to Retirement; Treatment of Accumulated Deposits - Sec. 6.04. TERMINATION PRIOR TO RETIREMENT; TREATMENT OF ACCUMULATED DEPOSITS....
Section 6.05. Death of a Member; Treatment of Accumulated Deposits - Sec. 6.05. DEATH OF A MEMBER; TREATMENT OF ACCUMULATED DEPOSITS....
Section 6.06. Selecting Options; Designating Beneficiaries - Sec. 6.06. SELECTING OPTIONS; DESIGNATING BENEFICIARIES. (a) (1) Within one...
Section 6.07. Retroactive Deferred Retirement Option Plan - Sec. 6.07. RETROACTIVE DEFERRED RETIREMENT OPTION PLAN. (a) The retroactive...
Section 6.08. Retiree Death Benefit Fund - Sec. 6.08. RETIREE DEATH BENEFIT FUND. (a) The police retirement...
Article VII.
Section 7.01. Disability Retirement - Sec. 7.01. DISABILITY RETIREMENT. (a) Only members who are classified...
Section 7.02. Computation of Disability Benefit - Sec. 7.02. COMPUTATION OF DISABILITY BENEFIT. (a) On award of...
Section 7.03. Disability Benefit Reports - Sec. 7.03. DISABILITY BENEFIT REPORTS. (a) (1) A member receiving...
Article VIII.
Section 8.01. Member Contributions - Sec. 8.01. MEMBER CONTRIBUTIONS. (a) Deposits by the members to...
Section 8.02. City Contributions - Sec. 8.02. CITY CONTRIBUTIONS. (a) The city shall contribute amounts...
Section 8.03. Initial Risk Sharing Valuation Study - Sec. 8.03. INITIAL RISK SHARING VALUATION STUDY. (a) The police...
Section 8.04. Subsequent Risk Sharing Valuation Studies - Sec. 8.04. SUBSEQUENT RISK SHARING VALUATION STUDIES. (a) For each...
Section 8.05. Adjustment to City Contribution Rate if Lower Than Corridor Midpoint - Sec. 8.05. ADJUSTMENT TO CITY CONTRIBUTION RATE IF LOWER THAN...
Section 8.06. Adjustment to City Contribution Rate if Equal to or Greater Than Corridor Midpoint - Sec. 8.06. ADJUSTMENT TO CITY CONTRIBUTION RATE IF EQUAL TO...
Section 8.065. Increased Member Contribution Rate if Estimated City Contribution Rate Greater Than Maximum City Contribution Rate - Sec. 8.065. INCREASED MEMBER CONTRIBUTION RATE IF ESTIMATED CITY CONTRIBUTION...
Section 8.07. Additional City Contributions for Proportionate Retirement Program Participation - Sec. 8.07. ADDITIONAL CITY CONTRIBUTIONS FOR PROPORTIONATE RETIREMENT PROGRAM PARTICIPATION....
Section 8.08. Publication of Changes to Contribution Rates - Sec. 8.08. PUBLICATION OF CHANGES TO CONTRIBUTION RATES. Any change...
Section 8.09. Expenses - Sec. 8.09. EXPENSES. (a) Expenses involved in administration and operation...
Section 8.10. Payment of Contributions - Sec. 8.10. PAYMENT OF CONTRIBUTIONS. (a) Contributions by the city...
Section 8.11. Effect of System Termination on Contributions - Sec. 8.11. EFFECT OF SYSTEM TERMINATION ON CONTRIBUTIONS. If the...
Section 8.12. Effect of Forfeiture - Sec. 8.12. EFFECT OF FORFEITURE. A forfeiture from a member...
Section 8.13. System Assets - Sec. 8.13. SYSTEM ASSETS. The assets of the police retirement...
Article IX.
Section 9.01. Investments of the Board - Sec. 9.01. INVESTMENTS OF THE BOARD. (a) The police retirement...
Article X.
Section 10.01. False Report or Statement - Sec. 10.01. FALSE REPORT OR STATEMENT. Whoever with intent to...
Section 10.02. Correction of Errors - Sec. 10.02. CORRECTION OF ERRORS. If any change or error...
Article XI.
Section 11.01. Limitation on Payment of Benefits - Sec. 11.01. LIMITATION ON PAYMENT OF BENEFITS. (a) If the...
Article XII.
Section 12.01. Distribution Rules for Service Retirement and Death Annuity Payments - Sec. 12.01. DISTRIBUTION RULES FOR SERVICE RETIREMENT AND DEATH ANNUITY...
Section 12.02. Distribution Rules for Disability Annuity Payments - Sec. 12.02. DISTRIBUTION RULES FOR DISABILITY ANNUITY PAYMENTS. (a) If...
Article XIII.
Section 13.01. Transfer of Eligible Rollover Distributions - Sec. 13.01. TRANSFER OF ELIGIBLE ROLLOVER DISTRIBUTIONS. (a) Notwithstanding any...
Section 13.02. Mandatory Distributions Prohibited - Sec. 13.02. MANDATORY DISTRIBUTIONS PROHIBITED. A member or former member...