Title VII CITIES, TOWNS AND VILLAGES
< > Effective - 28 Aug 2003, 4 histories, see footnote (history)86.600. Definitions. — As used in sections 86.600 to 86.790, unless a different meaning is plainly required by the context, the following words and phrases mean:
(1) "Accumulated contributions", the sum of all amounts deducted from the compensation of a member and paid to the retirement board, together with all amounts paid to the retirement board by a member or by a member's beneficiary for the purchase of prior service credits or any other purpose permitted under sections 86.600 to 86.790 in all cases with interest thereon at a rate determined from time to time for such purpose by the retirement board;
(2) "Actuarial equivalent", a benefit of equal value when computed upon the basis of the mortality tables and interest rate as shall be adopted by the retirement board;
(3) "Appointing authority", any person or group of persons having power by law to make appointments to any position in the police departments of the cities;
(4) "Beneficiary", any person receiving a benefit from the retirement system as a result of the death of a member;
(5) "Compensation", the basic wage or salary paid an employee for any period, excluding bonuses, overtime pay, expense allowance, and other extraordinary compensation; except that, notwithstanding the foregoing, compensation for any year for any member shall not exceed the amount permitted to be taken into account under and pursuant to Section 401(a)(17) of the Internal Revenue Code as applicable to such year;
(6) "Creditable service", the period of service to which an employee, a former employee, or a member is entitled, as prescribed by sections 86.600 to 86.790;
(7) "Employee", any regularly appointed civilian employee of the police departments of the cities as specified in sections 86.600 to 86.790, who is not eligible to receive a pension from the police pension system;
(8) "Employer", the police boards of the cities as specified in sections 86.600 to 86.790;
(9) "Final compensation", the average annual compensation of a member during his or her service if less than two years, or the twenty-four months of his or her service for which he or she received the highest salary whether consecutive or otherwise. In computing the average annual compensation of a member under this subsection, no compensation attributable to any time a member was suspended from service without pay shall be included. For any period of time when a member is paid on a frequency other than monthly, the member's salary for such period shall be deemed to be the monthly equivalent of the member's annual rate of compensation for such period;
(10) "Internal Revenue Code", the United States Internal Revenue Code of 1986, as amended;
(11) "Medical board", the board of physicians chosen by the retirement board;
(12) "Member", any member of the retirement system as provided by sections 86.600 to 86.790;
(13) "Normal retirement", retirement from the service of the employer on or after the normal retirement date;
(14) "Operative date", the date this retirement system becomes operative;
(15) "Pension", the annual payments for life which shall be payable in equal monthly installments to a member or his or her spouse;
(16) "Retirement board", the persons appointed or elected to be members of the retirement board for civilian employees of police departments of the cities;
(17) "Retirement system", the retirement system of the civilian employees of the cities as specified in sections 86.600 to 86.790;
(18) "Surviving spouse", the legally married wife or husband of a member surviving the member's death.
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(L. 1965 p. 205 § 86.498.1, A.L. 1972 H.B. 1303, A.L. 1976 H.B. 1376, A.L. 1992 S.B. 649, A.L. 1995 S.B. 140 & 145, A.L. 1997 H.B. 331, A.L. 2001 S.B. 290, A.L. 2003 H.B. 152 & 180 merged with S.B. 212 & 220)
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Effective | End | |||
86.600 | 8/28/2005 | 8/28/2005 | ||
86.600 | 8/28/2003 | 8/28/2005 | ||
86.600 | 8/28/2001 | 8/28/2003 | ||
86.600 | 8/28/1959 | 8/28/1959 |
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