Section 24-12-127 - Recorder-treasurers and city treasurers of the second class(a)(1) Any recorder-treasurers and city treasurers in a city of the second class who shall have served as recorder-treasurer and city treasurer for a period of not less than ten (10) years, upon reaching the age of sixty (60), or who shall serve twenty (20) years without regard to age, may, upon a vote of approval by the governing body of the city, retire from office for the remainder of his or her life at the retirement pay provided for in this section.(2) On January 1 of each year, if a retiree under this section has been retired for at least twelve (12) full months, up to a three percent (3%) cost-of-living increase will be added.(3) Subdivision (a)(2) of this section applies only if approved by the governing body of the city.(b)(1) Any recorder-treasurer or city treasurer or any person serving as recorder-treasurer or city treasurer who shall retire or be succeeded by another recorder-treasurer or city treasurer within the provisions of this section shall be paid monthly a sum equal to one-half (½) of the monthly salary received by him or her during the last preceding year of his or her service.(2) The retirement pay shall be paid by the city from its general fund account.(c)(1) Upon the death of any recorder-treasurer or treasurer who retired under the provisions of subsection (a) of this section or any other state statute or any recorder-treasurer or treasurer who dies in office after becoming eligible to retire under subsection (a) of this section or any other state statute, the legally recognized spouse of the recorder-treasurer or treasurer married to the recorder-treasurer or treasurer for ten (10) years or longer may receive, at the option of the governing body of the city, one-half (½) of the retirement benefit the retired recorder-treasurer or treasurer was receiving or one-half (½) of the retirement benefit the recorder-treasurer or treasurer who died in office was entitled to receive.(2) Upon remarriage of the spouse, the benefits shall cease.Acts 1991, No. 987, § 1; Acts 2007, No. 158, § 2; 2007, No. 293, § 4.