For the purpose of this article, the following definitions shall apply unless the context clearly indicates or requires a different meaning.
AFFILIATION DATE. September 1, 1954.
ALBUQUERQUE ANNUITY. An annual amount paid from funds of the retirement plan, in equal monthly installments, throughout the life of the person.
ANNUITANT. Any retired member who is in receipt of an Albuquerque annuity and a state annuity, or either of them.
CITY MEMBER. Any member who exempts himself from membership in the state system.
COMMITTEE or SUPPLEMENTAL RETIREMENT FUND COMMITTEE. The committee provided for in this article.
COMPENSATION or SALARY. A member's annual rate of compensation paid by the city for services rendered by him. In cases where a member's compensation is not all paid in money, the Committee shall fix the value of that part of his compensation not paid in money.
CONTRIBUTING MEMBER. Any member who becomes a member of the state system.
EFFECTIVE DATE. September 2, 1954.
FINAL AVERAGE SALARY. The average of the highest annual compensations received by a member for a period of five consecutive but not necessarily continuous, years of service contained within his 10 years of total service immediately preceding his retirement.
FISCAL YEAR. The 12 months period coinciding with the city's fiscal year.
FORMER PLAN. The retirement system created and established by Ordinance No. 598 as amended by Ordinance No. 680 and Ordinance No. 907, and repealed by this article.
FRACTION OF A YEAR. The ratio of the number of days employed to 365 days.
MEMBER. Any person included in the membership of the retirement plan.
REGULAR INTEREST. Such rate or rates of interest per annum, compounded annually, as the Committee shall from time to time determine.
RETIREMENT PLAN. The city supplemental retirement plan created and established by this article.
RETIREMENT. Withdrawal from city service with an Albuquerque annuity and a state annuity, or either of them.
SERVICE. Service rendered to the city by an employee of the city.
STATE SERVICE. Service credited a member by the state system.
STATE SYSTEM. The Public Employees Retirement Association of New Mexico, established by Chapter 17, Laws of 1947, and as may from time to time be amended.
TOTAL SERVICE. The number of years, and fraction of a year, of service rendered to the city by a member in the employ of the city. The term "total service" shall include service rendered before and after September 1, 1954.
VOLUNTARY RETIREMENT DATE. A contributing member means the "voluntary retirement date" provided for in the law governing the state system. For a city member "voluntary retirement date" means the date he attained or attains age 60 years, or the date he acquired or acquires 30 years of total service, whichever date occurs first.
WIDOW/WIDOWER. The surviving spouse of a member, as defined herein, who has not remarried.
('74 Code, § 2-5-2) (Ord. 964; Am. Ord. 1936; Am. Ord. 6-1988; Am. Ord. 52-1989)