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The City of Portland, Oregon

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City of Portland



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Section 5-120. Variation in Amount of Benefit or Pension Payments.

All benefits and pensions granted and paid under this Act shall vary annually and shall be based upon the current salary of a First Class Fire Fighter or First Class Police Officer, as the case may be, computed annually at the beginning of the fiscal year.  A person entitled to benefits or pension under this Act may, before the beginning of the fiscal year, file a written notice with the Board waiving said benefits or pension or a portion thereof, for the ensuing fiscal year.  Said waiver once filed and accepted by the Board shall be irrevocable, except death of said person during the term of the waiver shall automatically terminate the effectiveness of said waiver.  Any benefits or pension, or portion thereof, so waived shall be forever forfeited.  This Section shall not apply to pensions for previously retired members and their Surviving Spouses and children coming under provisions of Section 5‑119, which shall be governed solely by said Section.