Retirees from the City Police and Fire Departments who are commonly known as “Charter retirees,” in recognition for their service to the City, shall be paid an increase equal to 7% of their annual City pensions, as the pension exists as of July 1, 1990. This increase in pension shall be retroactive to July 1, 1990. The initial payment shall be made as near the effective date of this section as practicable.
(Ord. 3147, passed 9-24-1990)