HomeMy WebLinkAbout021 - 02/17/1981 - AMENDING ARTICLE IX OF THE CITY CODE RELATING TO FIREMAN'S AND POLICEMEN'S PENSION FUNDS AND INCREAS ORDINANCE NO 21 , 1981
BEING AN ORDINANCE AKINDING ARTICLE IX
OF THE COUNCIL OF THE CITY OF FORT COLLINS
RELATING TO FIREMEN'S AND POLICEMEN'S PENSION
FUNDS AND INCREASING THE CITY'S CONTRIBUTION THERETO
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT COLLINS as follows
Section 1 That Section 2-33 of the Code of the City of Fort Collins
be, and the same hereby is, amended to read as follows
112-33 Contribution from general fund The Director
of Finance of the City of Fort Collins, Colorado, is
hereby authorized and directed to pay from the general
fund of the City of Fort Collins into the Firemen' s
Pension Fund of the City of Fort Collins such sum
monthly as shall equal twenty-two point eleven percent
(22 11%) of the total monthly salaries of the employees
of the Fire Department of the City of Fort Collins
except those hired on or after April 8, 1978 "
Section 2 That Section 2-34(a) of the Code of the City of Fort
Collins be, and the same hereby is, amended to read as follows
"A The members of the Fire Department of the City of
Fort Collins, except those hired on or after April
8, 1978 shall contribute monthly eight percent
(8%) of their respective monthly salaries into the
Firemen's Pension Fund of the City of Fort Collins
In order to affect such contribution the Director
of Finance is hereby authorized and directed to
deduct the appropriate amounts as are hereinabove
described in this Section from the respective
monthly salaries of the members of the Fort
Collins Fire Department and to deposit the same in
the Firemen' s Pension Fund of the City of Fort
Collins "
Section 3 That Section 2-39(d) of the Code of the City of Fort
Collins be, and the same hereby is, amended by deleting therefrom the words
and figures "seventeen point fifteen percent (17 15%)" and substituting
therefor the words and figures "eighteen point fifteen percent (18 15%)"
Section 4 That Section 2-39(e) of the Code of the City of Fart
Collins be, and the same hereby is, amended to read as follows
"E The amount to be contributed by members of the
Police Department of the City of Fort Collins
eligible to be members of the fund, which amount
shall be eight percent (8) of members' respective
monthly salaries "
Section 5 That the amendments to Sections 2-33 and 2-39 (d) of the
Code of the City of Fort Collins as recited herein relating to contri-
butions by the City of Fort Collins to the Firemen 's and Policemen 's
Pension Funds shall be deemed to be retroactive to January 5, 1981
Introduced, considered favorably on first reading and ordered pub-
lished this 3rd day of February_, A D 1981, and to be presented for
final passage on the 17th Tay of February / ' A D 1981
i
ayo
ATTEST
City LlerK
Passed and adopted on final reading this 17thday of February ,
1981
Mayor`
ATTEST
40,m �L
City Clerk l
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