HomeMy WebLinkAbout108 - 09/15/1981 - AUTHORIZING THE ESTABLISHMENT OF A ''PLAN OR SYSTEM PURSUANT TO SECTION 24-51-704(5), COLORADO REVIS (1
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CITY OF FORT COLLINS
ORDINANCE NUMBER 108 ,<:OF 19 81
AN- ORDINANCE AUTHORI,ZING.'THE ESTABLISHMENT OF. A 'PLAN 'OR SYSTEM
PURSUANT TO SECTION 24-51-704 (5 ),, .:.COLORADO .REVISED'STATUTES
1973, AS AMENDED.
WHEREAS, the 50th General Assembly of the State :of
Colorado, in regular session, enacted Chapter 223, 1975. Sessi'on
Laws, to authorize a political subdivision to establish a plan
or system, as required under section 209 (b) of the Social
Security Act, as amended, whereby such political subdivision
may exclude from wages, for social security reporting purposes,
such payment made under such plan or system provided such plan
or system is approved by the Division of Employment and Training
of the Department of Labor and Employment, and
WHEREAS, it is the opinion of the City Council of the
City of Fort Collins that such plan or system will be of .bene-
fit to the City of Fort Collins by alleviating its costs for
personal-- services--of - its employees; and.....
WHEREAS, such plan or system will be of benefit to
employees of the City of Fort Collins.
NOW, THEREFORE, BE IT ORDAINED BY THE City Council of
the City of Fort Collins that a plan or system be established
to exclude from wages, for social security reporting purposes
only, the amount of any payment made by the City of Fort Collins
(including any amount that may be paid for insurance or of
annuities, or into a fund, to provide for any such payment)
made to, or on behalf of, an eligible employee or any of his
dependents as the plan or system may provide, on account of
(1 ) retirement, or (2 ) sickness or accident disibility, or
(3 ) medical or hospitalization expenses in connection with -sick
ness or accident disability, or (4 ) death, and that for sick
pay purposes (as defined in section 24-51-701(6 .5 ) Colorado
Revised Statutes 1973, as amended (1975 Supp. ) ) such plan or
system shall provide specifically for sick payments, or that
funds used are appropriated solely for sick payments, or that
sick payments are made from a separate sick pay account and
that such sick pay account may be used .to make sick payments
directly to the employee or to reimburse the salary account if .
sick payments are made from the salary account.
FURTHER, that the Director of Finance shall be de-
signated as the responsible party under the state law for the
purposes of administering this plan or system. That such plan
or system shall be effective and retroactive to January 1, 1977 .
Passed and adopted, approved and signed the 1st
day of September , 19 81 by the City Council of the City
of Fort Collins, Colorado.
ATTEST: THE CITY OF FORT COLLINS? COLORADO
CITY CLERK MAYOR
Passed and adopted on final reading this 15th day of
September, .1981.,
ATTEST:
CITY CLERK ;l l*M�AYR