§ 32.118 SERVICE RETIREMENT ANNUITY.
   All annuities payable hereunder, except where specifically provided to the contrary elsewhere in this subchapter, shall be equal to the percentage listed in the following tables, multiplied by the member's average salary:
Table No. 1: To be used for all members who were first hired by the Police Department prior to April 1, 1985.
Years of Total Service
Percentage of Average Salary
Years of Total Service
Percentage of Average Salary
For each full year of service less than 20 years
2%
20 full years of service, but less than 21
50
21 full years of service, but less than 22
53
22 full years of service, but less than 23
56
23 full years of service, but less than 24
59
24 full years of service, but less than 25
62
25 full years of service, but less than 26
65
26 full years of service, but less than 27
68
27 full years of service, but less than 28
71
28 full years of service, but less than 28 years, 4 months
74
28 years and 4 months or more
75
 
If a retiring member who was first hired by the Police Department prior to April, 1985 has total service that is greater than 28 years and four months and such member is entitled to credit for accumulated unused sick leave pursuant to § 32.115(F) the credit for such accumulated sick leave in excess of 28 years and four months shall result in a one-sixth of 1% increase in the annuity multiple for each month beyond 28 years and four months credited pursuant to § 32.115(F). Except for credit granted for accumulated sick leave, the pension percentage shall not exceed 75% regardless of total service.
Table No. 2: To be used for all members who were first hired by the Police Department on or after April 1, 1985.
Years of Total Service
Percentage of Average Salary
Years of Total Service
Percentage of Average Salary
For each full year of service less than 25 years
2%
25 full years of service, but less than 26
56
26 full years of service, but less than 27
59
27 full years of service, but less than 28
62
28 full years of service, but less than 29
65
29 full years of service, but less than 30
68
30 full years of service, but less than 31
71
31 full years of service, but less than 32
74
32 full years or more
75
 
If a retiring member who was first hired by the Police Department on or after April 1, 1985 has total service that is greater than 32 years and such member is entitled to credit for accumulated unused sick leave pursuant to § 32.115(F) the credit for such accumulated sick leave in excess of 32 years shall result in a one-sixth of 1% increase in the annuity multiple for each month beyond 32 years credited pursuant to § 32.115(F). Except for credit granted for accumulated sick leave, the pension percentage shall not exceed 75% regardless of total service.
(1999 Lou. Code, § 36.107) (Lou. Ord. No. 91-1973, approved 6-29-1973; Lou. Am. Ord. No. 4-1979, approved 1-12-1979; Lou. Am. Ord. No. 53-1980, approved 4-28-1980; Lou. Am. Ord. No. 120-1982, approved 6-30-1982; Lou. Am. Ord. No. 137-1983, approved 6-22-1983; Lou. Am. Ord. No. 81-1984, approved 3-30-1984; Lou. Am. Ord. No. 169-1985, approved 7-12-1985; Lou. Metro Am. Ord. No. 64-2004, approved 6-3-2004; Lou. Metro Am. Ord. No. 91-2006, approved 6-12-2006)