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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 -2-