ORDINANCE NO. 240353
title
Sponsor: Director of Human Resources Department
Amending Chapter 2 of the Code of Ordinances, entitled "Administration," by repealing Section 2-1176, Retirement Benefits, and enacting in lieu thereof a new section of like number and subject matter to increase the health care subsidy provided to members of the Employee Retirement System in accordance with Resolution No. 230624 and the 2024-25 budget; and establishing an effective date.
body
WHEREAS, with passage of Ordinance No. 000865, the City Council increased the retiree health insurance subsidy from $100.00 per month to $200.00 per month effective November 1, 2000; and
WHEREAS, in Resolution No. 230624, passed on August 3, 2024, the City Council directed the City Manager to identify funding to increase the health care subsidy for retirees within the Employee Retirement System by $200.00 to $400.00 monthly; and
WHEREAS, funds were identified and such increase has been included in the 2024-25 budget, passed on March 28, 2024; NOW, THEREFORE,
BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY
Section 1. That Chapter 2, Code of Ordinances of the City of Kansas City, Missouri, is hereby amended by repealing Section 2-1176 and enacting in lieu thereof a new section of like number and subject matter, to read as follows:
Sec. 2-1176. Retirement benefits.
(a) Annuity. Upon retirement on or after November 1, 2000, as provided in section 2-1174, an annuity calculated as follows shall be payable:
(1) If married in any jurisdiction at date of retirement, the annuity shall be two percent of the Tier 1 member's final average compensation and for a Tier 2 member shall be 1.75 percent of the member's final average compensation multiplied by years and full months of creditable service not to exceed 70 percent, except as set forth in section 2-1196, Code of Ordinances.
(2) At date of retirement, a member may elect to receive an actuari...
Click here for full text