For the purpose of this section, the following definitions shall apply unless the context clearly indicates or requires a different meaning.
HURLEY ALTERNATIVE PENSION PLAN. The new pension plan hereby established as a non- contributory plan for employees of the Hurley Medical Center electing to be covered thereby.
HURLEY ALTERNATIVE PENSION PLAN MEMBER. An employee of Hurley Medical Center otherwise qualifying for membership in the City retirement system who elects the provisions of the Hurley alternative plan.
MODIFIED CONTRIBUTORY PENSION PLAN. That plan agreed to as of January 1, 1987 by the respective employee collective bargaining units at Hurley Medical Center and as set forth herein, which modifies the “retirement plan” as generally set forth in Article II with respect to Hurley Medical Center employees.
REGULAR RETIREMENT AGE. Age 60 for members of the Hurley alternative pension plan.
SPECIAL EARLY RETIREMENT AGE. Age 55 for members of the Hurley alternative pension plan.
(Ord. 3029, passed 3-9-1987)