§ 2-847. 1985 supplemental cost-of-living pension payment.

(a)

Monthly pension payments due to former officers and employees who have retired as a matter of right prior to April 1, 1978, under the laws establishing the three pension systems of the city, that is 1924 Ga. Laws, page 167 et seq., as amended; 1927 Ga. Laws, page 265 et seq., as amended; and 1933 Ga. Laws, page 213 et seq., as amended, and beneficiaries of pensioners who retired as a matter of right prior to April 1, 1978, shall be increased effective January 1 of each year by an amount equivalent to three percent of the sum of the monthly pension payment being received from any of the three pension systems, together with any monthly amounts being received under any previously enacted supplemental pension payment ordinances and any previously enacted supplemental cost-of-living pension payment ordinances.

(b)

This section shall not be effective to or be construed to confer eligibility for a pension upon any former officer or employee who was not eligible for a pension under the provisions of the acts set forth in subsection (a) of this section in effect on the date of the retirement, resignation or other withdrawal from service of such former officer or employee.

(c)

As to former officers and employees of the city and their beneficiaries, such increased benefits shall be implemented only to the extent that moneys are appropriated from the general fund of the city to support these increased benefits. With respect to those former officers and employees of the board of education and their beneficiaries, such increased benefits, as provided in this section, shall not be paid from the general fund of the city, but shall be paid, if at all, from moneys appropriated by the board of education and paid to the city for the purpose of making such payments to the former officers and employees of the board of education and their beneficiaries.

(Code 1977, § 7-4098.8)

Charter reference

Pension plan modifications, § 3-507.