§ 16-92. Maximum benefit amount.

A firefighter may not receive a pension or disability which exceeds the lesser of:

(1)

One hundred (100) percent of the member's final compensation, inclusive of pensionable earnings and non-pension payroll (increased to reflect the cost of living adjustment factor prescribed under section 415(d) of the Internal Revenue Code); or

(2)

The maximum amount allowed under section 415 of the Internal Revenue Code, which is incorporated herein by reference.

(Ord. No. 89-9, § 4, 5-15-89; Ord. No. 93-11, § 2, 6-1-93; Ord. No. 2006-23, § 3, 8-15-06)