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HomeMy WebLinkAbout171 - 12/18/1979 - AMENDING ARTICLE IX OF CHAPTER 2 OF THE CITY CODE RELATING TO FIREMEN'S AND POLICEMAN'S PENSION FUND ORDINANCE NO 1710 1979 BEIhu AN ORDINANCE AMENDING ARTICLE IX OF CHAPTER 2 OF THE CODE OF THE CITY OF FORT COLLINS RELATING TO FIPEMEN'S AND POLICEMEN'S PENSION FUNDS AND INCREASING THE EMPLOYEES' CONTRIBUTION THERETO BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT COLLINS as follow,, Section I. That Section 2-34(A) of the Code of the City of Fort Collins be, and the sane hereby is, amended to read as follows "A The members of the Fire Department of the City of Fort Collins shall contribut,2 monthly seven and one-half percent (7 5%) of their respPcti´┐Że 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 directea 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 Fire- men's Pension Fund of the Clty o, Fort Collins " Section 2 That Section 2-39(E) of the Code of the City of Fort Collins be, and the sane nereby 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 meMoe-s of the fund, which amount shall be seven and one-half percent (7 b%) of members' respective monthly salaries In older to effect this contribution, the Director of Finance is authorized and directed to aeduct the appropri- ate amount from the r esoect rve monthly salary of each member of the Fort Collins Police Department eligible to be a member of the Policemen's Pension Fund and to deposit the same in the Policemen' s Pension Fund of the City of Fort Collins " Section 3 That this ordinance shall becoie of{ective on Jdnuary /, 1980 Introduced, considered favorably on first reading, ano ordered pub- lished this 4th day of December , A D 1979, and to be presented for final passage on the 18th day of Decembe A D N-a i EST i Ci y C erk Passea and adopted on final reading this 18th oay of December , A D 1979 _ IIayor ST Ci y Clerk -2-