As used in this chapter, unless a different meaning is clearly required by the context:
(a) "Beneficiary" means any person, except a retiree, who is in receipt of a retirement allowance, pension or other benefit payable from funds of the Policemen's and Firemen's Retirement System.
(b) "City" means the City of Lincoln Park.
(c) "Controller" means the Controller of the City.
(d) "Council" means the Council of the City.
(e) "Health benefits" means hospital, medical-surgical and sick-care benefits for retirees, retirees' spouses, beneficiaries and health insurance dependents, provided by the City through collective bargaining or otherwise.
(f) "Health benefits reserve" means the present value of all payments to be made on account of this chapter, computed upon the basis of such tables of experience and regular interest as the Controller shall, from time to time, adopt.
(g) "Health insurance dependent" means any of the following:
(1) The spouse of the retiree who is not married to the retiree at the time of the retiree's retirement.
(2) The spouse of the retiree who is married to the retiree at the time of the retiree's death and is not a beneficiary.
(3) An unmarried child, by birth or adoption, of a retiree or deceased member, until the time at which the child attains nineteen years of age.
(4) An unmarried child, by birth or adoption, of a retiree or deceased member, until the time at which the child attains twenty-five years of age, who is enrolled as a full-time student, and who is or was, at the time of the retiree's or deceased member's death, a dependent of the retiree or deceased member as defined in Section 152 of the Internal Revenue Code.
(5) An unmarried child, by birth or adoption, of a retiree or deceased member who is incapable of self-sustaining employment because of mental or physical handicap, and who is or was, at the time of the retiree's or deceased member's death, a dependent of the retiree or deceased member as defined in Section 152 of the Internal Revenue Code.
(h) "Medicaid" means benefits under the Federal Medicaid program established under Title XIX of the Social Security Act.
(i) "Medicare" means benefits under the Federal Medicare program established under Title XVIII of the Social Security Act.
(j) "Member" means any person included in the membership of the Policemen's and Firemen's Retirement System.
(k) "PF Health Benefits Fund" means the Fund created by this chapter.
(l) "Regular interest" means such rate or rates of interest per year, compounded annually, as the Controller shall from time to time determine.
(m) "Retiree" means any person who retires with a retirement allowance or pension payable from funds of the Policemen's and Firemen's Retirement System.
(n) "Retiree's spouse" means the person to whom the retiree is married at the time of the retiree's retirement during the life of the retiree, as long as he or she remains the spouse of the retiree.
(o) "Retirement" means a person's withdrawal from rendering personal services to the City, with a retirement allowance or pension granted according to the provisions of the Policemen's and Firemen's Retirement System.
(p) "Treasurer" means the Treasurer of the City.
(Res. 94-718. Passed 12-19-94.)