(a) (1) A person who has served as mayor of a city of the second class for at least twenty (20) years may retire at any age, and a person who has served as a mayor of a city of the second class for at least sixteen (16) years may retire upon reaching sixty-five (65) years of age.(2) On January 1 of each year, if a retiree under this section has been retired for at least twelve (12) full months, up to a three percent (3%) cost-of-living increase will be added.(3) Subdivision (a)(2) of this section applies only if approved by the governing body of the city.
(1) A person who has served as mayor of a city of the second class for at least twenty (20) years may retire at any age, and a person who has served as a mayor of a city of the second class for at least sixteen (16) years may retire upon reaching sixty-five (65) years of age.
(2) On January 1 of each year, if a retiree under this section has been retired for at least twelve (12) full months, up to a three percent (3%) cost-of-living increase will be added.
(3) Subdivision (a)(2) of this section applies only if approved by the governing body of the city.
(b) The governing body of a city of the second class may prescribe the retirement benefits of a person who has served as mayor of the city of the second class and meets the requirements of subsection (a) of this section.
(c) Any mayor who retired before March 18, 1985, and received benefits under prior acts of the General Assembly shall be entitled to continue receiving benefits under the prior acts.
(d) (1) Upon the death of a mayor who retired under the provisions of subsection (a) of this section or a mayor who dies in office after becoming eligible to retire under subsection (a) of this section or any other state statute, the legally recognized spouse of the mayor married to the mayor for ten (10) years or longer may receive, at the option of the governing body of the city:(A) One-half (½) of the retirement benefit the retired mayor was receiving; or(B) One-half (½) of the retirement benefit the mayor who died in office was entitled to receive.(2) Upon remarriage of the spouse, the benefits shall cease.
(1) Upon the death of a mayor who retired under the provisions of subsection (a) of this section or a mayor who dies in office after becoming eligible to retire under subsection (a) of this section or any other state statute, the legally recognized spouse of the mayor married to the mayor for ten (10) years or longer may receive, at the option of the governing body of the city:(A) One-half (½) of the retirement benefit the retired mayor was receiving; or(B) One-half (½) of the retirement benefit the mayor who died in office was entitled to receive.
(A) One-half (½) of the retirement benefit the retired mayor was receiving; or
(B) One-half (½) of the retirement benefit the mayor who died in office was entitled to receive.
(2) Upon remarriage of the spouse, the benefits shall cease.