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HomeMy WebLinkAbout108 - 09/15/1981 - AUTHORIZING THE ESTABLISHMENT OF A ''PLAN OR SYSTEM PURSUANT TO SECTION 24-51-704(5), COLORADO REVIS (1 i 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