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Title:
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A bill for an ordinance amending the 1963 Retirement Plan with regard to definitions (credited service, deferred member, gross pay, compensation and salary, vest, vesting or vested and re-numbering of Section 18-402); additional powers of the retirement board; eligibility; retirement categories; retirement benefits; joint and survivor benefits; death benefits; purchase of service credits; and the anti-alienation provision.
(GOVERNMENT & FINANCE) Approves amendments to the DERP governing ordinance in order to remove obsolete language, clarify the intent of certain existing language, and bring existing Code language into precise conformance with various long-standing administrative practices of the Plan. None of the proposed amendments affect the calculation of benefits, the cost of contributions to the plan, or any current retiree, beneficiary, current City or Denver Health employee or sponsoring employer. participants' .
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