Title VII CITIES, TOWNS AND VILLAGES
< > Effective - 28 Aug 2001, 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;
(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) "Medical board", the board of physicians chosen by the retirement board;
(11) "Member", any member of the retirement system as provided by sections 86.600 to 86.790;
(12) "Normal retirement", retirement from the service of the employer on or after the normal retirement date;
(13) "Operative date", the date this retirement system becomes operative;
(14) "Pension", the annual payments for life which shall be payable in equal monthly installments to a member or his or her spouse;
(15) "Retirement board", the persons appointed or elected to be members of the retirement board for civilian employees of police departments of the cities;
(16) "Retirement system", the retirement system of the civilian employees of the cities as specified in sections 86.600 to 86.790;
(17) "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)
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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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