Section 87.120

Title VII CITIES, TOWNS AND VILLAGES

Chapter 87

Effective - 01 Jul 2000, 2 histories, see footnote   (history) 

  87.120.  Definitions. — The following words and phrases as used in sections 87.120 to 87.370, unless a different meaning is plainly required by the context, have the following meanings:

  (1) "Accumulated contributions", the sum of all amounts deducted from the compensation of a member and credited to his individual account in the members' savings fund together with interest thereon;

  (2) "Actuarial equivalent", a benefit of equal value when computed upon the basis of such mortality tables and interest rate as shall be adopted by the board of trustees;

  (3) "Average final compensation", the average earnable compensation of the member during his last two years of service as a fireman, or if he has less than two years of service, then the average earnable compensation of his entire period of service;

  (4) "Beneficiary", any person in receipt of a retirement allowance or other benefit as provided by sections 87.120 to 87.370;

  (5) "Benefit reserve", the present value of all payments to be made on account of any retirement allowance or benefit in lieu of a retirement allowance upon the basis of such mortality tables and interest rate as shall be adopted by the board of trustees;

  (6) "Board of trustees", the board provided for in section 87.140 to administer the retirement system;

  (7) "City", any city not within a county and adopting the retirement system provided by sections 87.120 to 87.370;

  (8) "Creditable service", prior service plus membership service as provided in section 87.135;

  (9) "DROP", the deferred retirement option plan provided in section 87.182;

  (10) "Earnable compensation", the regular compensation which a member would earn during one year on the basis of the stated compensation for his rank or position;

  (11) "Fireman", any officer or employee of the fire department of the city employed by the city for the duty of fighting fires, but does not include anyone employed in a clerical or other capacity not involving fire- fighting duties. In case of doubt as to whether any person is a fireman within the meaning of sections 87.120 to 87.370, the decision of the board of trustees shall be final;

  (12) "Medical board", the board of physicians provided for in section 87.160;

  (13) "Member", a member of the retirement system as defined by section 87.130;

  (14) "Membership service", service as a fireman rendered since last becoming a member;

  (15) "Prior service", all service as a fireman rendered prior to the date the system becomes operative which is creditable in accordance with the provisions of section 87.135;

  (16) "Retirement allowance", annual payments for life which shall be payable in equal monthly installments or any benefits in lieu thereof granted to a member upon retirement or to a beneficiary;

  (17) "Retirement system", the firemen's retirement system of any city as defined in section 87.125;

  (18) "Widow", the surviving spouse of a member.

­­--------

(L. 1943 p. 708 § 1, A.L. 1959 S.B. 314 § 86.480, A.L. 1961 p. 211, A.L. 1972 H.B. 766, A.L. 1973 H.B. 591, A.L. 1985 H.B. 26, A.L. 1991 H.B. 312, A.L. 1993 H.B. 259, A.L. 2000 H.B. 1808)

Effective 7-1-00