HomeMy WebLinkAbout1983-180-10/18/1983-AMENDING THE CITY OF FORT COLLINS GENERAL EMPLOYEES' RETIREMENT PLAN RESOLUTION 83-180
OF THE COUNCIL OF THE CITY OF FORT COLLINS
AMENDING THE CITY OF FORT COLLINS
GENERAL EMPLOYEES' RETIREMENT PLAN
WHEREAS, the City through its consultant, has reviewed the City of
Fort Collins General Employees' Retirement Plan and has determined that
certain amendments to such retirement plan are appropriate to provide
increased benefits to individuals currently receiving payments from the
plan
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF FORT
COLLINS, that sections of Resolution 81-120 be amended as follows
1 Article VI is amended by adding a Section 8, as follows
Section 8 Increased Benefits for Retired Members
and Beneficiaries as of November 9
Effective November 1 , 1983 , the monthly benefits to
current retired members and beneficiaries of the plan
whose payments commenced prior to November 1 , 1983 ,
shall be increased effective November 1, 1983 as follows
Date Payments Commenced Percentage Increase
Prior to September 1, 1982 10%
On or after September 1, 1982 5%
If a benefit is to be paid to a Beneficiary or Contin-
gent Annuitant, the Date Payments Commenced for the
purpose of using the above table shall be the initial
Retirement Date of the Member or the date the Benefi-
ciary' s benefit commenced if no benefit payments were
made to the Member
2 This amendment shall be effect ve as of November 1, 1983
Passed and adopted at a regular meeting of the City Council held this
18th day of October, A D 1983 (::)4� (73
ATTEST Mayor
,ty C erc