[Amended 5-10-1971 by Ord. No. 479; 10-11-1971 by Ord. No. 481; 12-20-1981 by Ord. No.
570; 6-14-1999 by Ord. No. 680; 3-11-2002 by Ord. No. 710]
Pursuant to the provisions of the Borough Code
of 1927, May 4, P.L. 519, as amended, employees of not less than 12 years of continuous,
satisfactory, full-time service immediately prior to retirement who
are not less than 62 years of age and who are not at the time of their
retirement members of a pensioning or retirement system which has
been adopted by the Borough of Columbia, upon cessation of service
and while this ordinance remains in effect, shall be paid the sum
of $100 per month. "Twelve years of continuous, satisfactory, full-time
service" shall be construed to mean 12 years of satisfactory, full-time
service with no more than one separation in employment which may not
exceed 12 months.
Such payments shall be made out of the general
Borough funds.
[Amended 5-10-1971 by Ord. No. 479]
Nothing herein shall preclude any employee from
joining in any pension system or municipal retirement system that
the Borough may adopt.