HomeMy WebLinkAbout1974 Ordinance No. 053INT RODUCED AS A BILL BY COUNCILMAN BROWN
BY AUTHORITY
ORDINANCE NO. .S-.3 , SERIES OF 1974
AN ORDINANCE AMENDING SECTION 8, CHAPTER 1, TITLE XI,
OF THE 1969 E.M.C., CREATING A SPECIAL FUND FOR POLICE
OFFICE R'S PRE-RETIREMENT BENEFIT.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY
OF ENG LEWOOD, COLORADO, as follows:
Section 1.
That Section 8, Chapter 1, Title XI, is hereby
amended to read as follows:
11-1-8 POLICEMEN'S PENSION FUN~POLICE OFFICER'S
BENEFIT FUND -SPECIAL D CREATED
(a) The City of Englewood does hereby elect
to continue to participate in the Police
Pension Fund, in accordance with the
provisions of Chapter 139, Article 49,
Colorado Revised Statutes, 1963, as
amended, save and except to the extent
that the provisions of this Ordinance
supersedes any provisions of said statute.
(b) THERE IS HEREBY CREATED A SPECIAL FUND TO
BE KNOWN AS THE "POLICE OFFICER'S BENEFIT
FUND" FOR THE PURPOSE OF PAYING THOSE
BENEFITS ACCRUING TO POLICE OFFICERS
UNDER 5-4-12(b) (PERMANENT DISABILITY -
POLICE OFFICER'S -PRE-RETIREMENT BENEFIT)
OF THIS CODE.
(c) THE CITY SHALL MAKE CONTRIBUTIONS TO SAID
"POLICE OFFICER'S BENEFIT FUND" OF TWO-
TENTHS OF ONE PER CENT (0.2\) OF THE TOTAL
OF POLICE OFFICERS' SALARIES MONTHLY TO
FINANCE THE BENEFITS AS PROVIDED IN
5-4-12(b) OF THIS CODE.
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Secti on 2.
(d) IN ADDITION TO THE POWERS AND OBLIGATIONS
IMPOSED UPON THE BOARD OF TRUSTEES OF THE
ENGLEWOOD POLICEMEN'S PENSION FUND BY
ARTICLE 49, CHAPTER 139, COLORADO REVISED
STATUTES, 1963, AS AMENDED, SAID BOARD
SHALL HAVE ALL POWERS NECESSARY TO SUPERVISE
AND ADMINISTER THE PROVISIONS HEREOF. IN
ADDITION THERETO, SAID BOARD SHALL HAVE
THE POWER FROM TIME TO TIME, AND AS THE
NEED MAY ARISE, TO TRANSFER ANY SURPLUS
MONEYS RESULTING IN SAID "POLICE OFFICER'S
BENEFIT FUND", TO THE POLICEMEN'S PENSION
FUND OF THE CITY.
The amendments contained in this Ordinance shall
take e ffect on January I, 1975.
Introduced, read in full and passed on first
readi ng on the 4th day of November, 1974.
Published as a Bill for an Ordinance on the 7th
day of Nove mber, 1974 .
Read by title and passed on final reading on
the 18 th day of November, 1974.
Published by t it le as Ordinance No. S.3 ,
Series o f 19 74, on the 21st day of November, 1974.
ATTEST :
I , Karl Nollenberger, do hereby certify that the
above and foregoing is a true, accurate and complete copy
of the Ordinance, passed on final reading and published by
title as Ordinance No. .5'.3 , Series of 1974 .
ex officio City Clerk-Treasurer
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