HomeMy WebLinkAboutRetirement Committee - Minutes - 07/14/1977MINUTES
CITY OF FORT COLLINS
EMPLOYEES' RETIREMENT BOARD
MEETING HELD JULY 14, 1977
Members Present: John Hartman, Jack Williams, Warren Dalke, Philip Shade,
and Ron Wood
Meeting was called to order July 14, 1977. Ron Wood presented to the board
the amendment changing the disability provisions of the Retirement Plan
relating to eligibility for disability benefits and lump sum benefit payments.
Ron Wood made the motion to submit the amendment to Council and recommend
approval of the change (copy attached). John Hartman seconded the motion.
Unanimous approval.
• Respectfully submitted,
Ronald R. Wood
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•
Retirement Plan of the City •
of Fort Collins, Colorado
SECTION VIII - DISABILITY
Any member who becomes totally and permanently disabled prior to normal
retirement date shall be entitled to receive a retirement benefit. Such
benefit shall be equal to that portion of his normal retirement benefit
which is based upon his credited service prior to the date of disability and
will become payable to him at his normal retirement date.
Benefits payable to disabled members shall commence on the normal retire-
ment date in one of the forms of payments provided in Section VI-4 of this
plan; provided, however, that at the option of such member a reduced benefit
of equivalent actuarial value may be payable immediately upon such disability
for the member's life. Any payments provided for under this section shall
be subject to the provisions of Section VI-5 of this plan relating to minimum
• monthly payments.
A member shall be deemed totally and permanently disabled within the
meaning of this section if the Retirement Committee determines, upon the
basis of medical evidence, that the member is unable to engage in any sub-
stantial gainful activity of a type related to that in which such member there-
tofore engaged by reason of any medically determinable physical or mental
impairment which can be expected to result in death or to be of long -continued
and indefinite duration.
The Retirement Committee's determination of whether the member is totally
and permanently disabled and the manner and dates of payment shall be conclusive
in each case.
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