Loading...
HomeMy WebLinkAbout151 - 11/20/1984 - AMENDING SECTIONS 2-34 AND 2-35 OF THE CITY CODE RELATING TO THE FIREMENS PENSION FUND ORDINANCE N0. 151 , 1984 OF THE COUNCIL OF THE CIT77 FORT COLLINS, AMENDING SECTIONS 2-34 AND 2-35 OF THE CODE OF THE CITY OF FORT COLLINS RELATING TO THE FIREMEN'S PENSION FUND BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT COLLINS: City be, andcthensame hereby Section repealed and reenacted as follows: the f Fort Collins 1. That follows Section 2-34, Contribution from salaries ; refund of contributions ; vesting clause. A. The members of the Poudre Fire Authority who were hired as members of the Fire Department of the City of Fort Collins prior to 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 effect such contribution , the Director of Finance is hereby authorized and directed to deduct the appropriate amounts , as described in this subsection , from the respective monthly salaries of the members of the Poudre Fire Authority and to deposit the same in the Firemen' s Pension Fund of the City of Fort Collins . B. Any member subject to the provisions of subsection A, above, who leaves the service of the Poudre Fire Authority prior to becoming eligible for a pension for any reason, other than such member's death or disability , shall receive, upon demand by such member, a refund of all funds that shall have been paid into such fund by that member, provided that such demand be made in writing within one (1) year of date of termination of employment . Such refund shall not include accumulated interest on the member's contributions or any portion of the city's or Poudre Fire Authority' s contributions to the Firemen' s Pension Fund. C. If any member subject to the provisions of subsec- tion A, above, who terminated his service with the Poudre Fire Authority and received a refund of his contributions to the Fund pursuant to subsection B, above, subsequently reenters the service of the Poudre Fire Authority as an active member, such member shall thereafter be considered a member of the plan established by part 10 of article 30 of title 31, C.R.S. Credit for prior service, if any, shall be obtained through negotiations between the member and the State Fire and Police Pension Association Board. D. In lieu of having his contributions returned as provided in subsection B, above, a member subject to the provisions of subsection A, above, who leaves the service of the Poudre Fire Authority prior to becoming eligible for a pension for any reason, other than such member's death or disabil - ity, who has at least ten (10) years of credited service may leave his contributions with the Fund, provided that his intention to do so is made known to the Board of the Firemen ' s Pension Fund in writing within one (1) year of date of termination of employment. When the inactive member reaches age 55, he shall be eligible to receive an annual vested benefit equal to two and one-half percent (2.5e) of his salary at the time of termination of employment multiplied by his years of active service, not to exceed twenty (20) years . Said pension will be paid to the inactive member on a monthly basis. For the purposes of this subsec- tion , "credited service" shall include service with the Fire Department of the City of Fort Collins and the Poudre Fire Authority but shall not include service with any other fire department , fire protection district or fire authority created by intergovernmental agreement. If, at any time after the inactive member becomes eligible to receive the above described annual vested benefit, such member accepts a salaried position in any capacity in a fire department, fire protection district or fire authority created by intergovernmental agreement, in the state of Colorado , the payment of his pension shall be suspended during the period he holds such position. E. If any member subject to the provisions of sub- section A, above, who terminated his service with the Poudre Fire Authority and elected to leave his contributions with the Fund pursuant to subsection D, above, subsequently reenters the service of the Poudre Fire Authority as an active member, such member shall be considered a member of the plan -2- established by part 10 of article 30 of title 31, C.R .S . , for his service after reentry . Such member shall receive no credit for prior service but shall be entitled to the benefits described in subsection D, above, in addition to the benefits derived from membership in the plan established by part 10 of article 30 of title 31, C.R.S. Section 2. That Section 2-35 of the Code of the City of Fort Collins be, and the same hereby is, repealed and reenacted as follows: Section 2-35, Conformity to statutory provisions The provisions of part 10 of article 30 of title 31, C.R.S. , as may be amended from time to time, relating to firemen's pensions shall apply to all members of the Poudre Fire Authority hired on or after April 8, 1978 and all duties, rights , obligations and benefits relating to firemen' s pensions for such members shall be in accordance with said statutory provisions . Introduced, considered favorably on first reading, and ordered pub- lished this 16th day of October , A.D. 1984, and to be presented for final passage on the 20th day of November A.D. 1984.�Mayor ATTEST: ity Clerk Passed and adopted on final reading this 20th day of November , A.D. 1984. Mayor f ATTEST: C t tyQS -3-