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HomeMy WebLinkAbout2000 Ordinance No. 010ORDINANCE NO. /0 SERIES OF 2000 BY AUTHORITY t COUNCIL BILL NO. 11 INTRODUCED BY COUNCIL MEMBER WOLOSYN AN ORDINANCE AMENDING 'flTLE 3, OF THE ENGLEWOOD MUNICIPAL CODE 1985 , WHICH PERTAINS TO MUNICIPAL OFFICERS AND EMPLOYEES. WHEREAS. the Englewood Municipal Code contains sections which relate to operational aspects of the Human Resources function; and WHEREAS , the revisions relate to the removal of various adminiatrative policie1 and procedures from the Code and placing them into t he City of Englewood Administrative Polices e nd Procedures manual; NOW , THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF ENGLF,WOOD, COLORADO, AS FOLLOWS: S!:s:l.ilm.J,. The City Council of the City of Engl ,• ,ood, Colorado hereby repeala Title 3, Chapter 1, in its entirety and enacts a new i' • la 3, Chapter 1, of th• Englewood Municipal Code 1985, which shall read ao f. , ·,. ~••: TITLE 3 ADMINISTRATIVE POLICIES AND PROCEDURES, EMPLOYEE ORGANIZATIONS, NEGOTIATIONS AND IMPASSE RESOLUTI0:-1 PROCEDURES; STRIKES; RETIREMEN." PLANS . 3-1: ADMINISTRATIVE POLICIES AND PROCEDURES IN ACCORDANCE WITH ARTICLE VII OF THE ENGLEWOOD HOME RULE CHARTER THE CITY COUNCIL HEREBY DIRECTS THAT ADMINISTRATIVE POLICIES BE ADOPTED BY THE CITY MANAGER TO REPLACE FORMER CODE SEC1'10NS RELATED TO: APPEALS AND HEARING OFFICER'~, POSITION CLASSIFICATION . COMPENSATION PLANS. RECRUITMENT, PROMOTION , DEMOTION. TRANSFER . SELECTION/ADVANCEMENT, PROBATIONARY PERIODS , PERFOFM \NCE EVALUATIONS . TRAINING , RESEARCH AND EXPERIMENTAT'•.ON , HOURS OF WORK, RECORDS AND REPORTS , SEPARATIONS , CORRECTIVE M lJ DI SCIPLINARY ACTIONS , CONFERENCES, COMPLAINTS AND APPEALS AS WELL AS CONr.UCT OF MEMBERS . Sl:l:wm.,2. The City Council of the City of rnglewood, ,:olorado hereby repeals Title 3, Chapter IA, in its entirety, of the Englewood Muru cipal Code 1985. ~-The City Council of th,, Cit)' of Englewood, Colorado ~ereby repeals Title 3, Chapter lB, in its entirety, of the Englewood Municipal Code '9P.5 . -1- ~-The City Council of the City of En1lewood, Colorado hereby repeala Title 3, Chapter IC, in ita e'1tirety, of the Enclewood Municipal Code 1985. ~-The City Council of the City of Englewood, Colorado hereby repeala Title 3, Chapter ID, in ita entirety, of the Englewood Municipal Code 1985. ~-The City Council of the City of Englewood, Colorado hereby repeala Title 3, Chopter IE, in ita entirety, of the Englewood Municipal Code 1986. ~-The City Council of the City of Englewood, Colorado hereby repeala Title 3, Chapter IF, in ita entirety, of the En1lewood Municipal Code 1985. ~-The City Council of the City of Englewood, Colorado hereby repeala Title 3, Chapter IG, in ita entirety, of the Englewood Municipal Code 1985 . ~-The City Council of the City of Engl•wood, Colorado hereby repeala Title 3, Chapter IH, in ita entirety, of the Englewood Municipal Code 1985. Sci:wm...lll. The City Council of the City of Englewood, Colorado hereby repeals Title 3, Chapter 11, in ita e ntll'ety, of the Englewood Municipal Code 1985. ~-The City Council of the City of Englewood , Colorado hereby repeals Title 3, Chapter IJ, in ita entirety, of the Englewood Municipal Code 1985. ~-The City Council of the City of Englewood, Colorado hereby repeala Title 3, Chapter IK, in ita entirety, of the Englewood Municipal Code 1985. ~-The City Council of the City of Englewood, Colorado hereby repeala Title 3, Chapter IL, in ita entirety, of the Englewood Municip,1 Code 1985. ~-The City Council of the City of Englewood, Colorado hereby repeala Title 3, Chapter IM, in its entirety, of the Englewood Municipal Code 1985 . ~-The City Council of the City of Englewood, Colorado hereby repeala Title 3, Chapter IN, of the Englewood Municipal Code 1985 ~-The City Council of the City of Engle,-ood , Colorado hereby repeala Title 3, Chapter 10, in ita entirety, of the Englewood Municipal Code 1985 . ~-The City Council of the City of Englewood, Colorado hereby repeala Title 3, Chapter 3, Section I, in its entirety of the Englewood Municipal Code 1985 . ~ The City Council of the City of Englewood, Colorado hereby repeale Title 3, Chapter 3, Sections 2 and 3, in their entirety, of the Englewood Municipal Code 1985 . -2- • ~-The City CollDCil of the City of Englewood . Colorado hereby NDlllllbon Title 3, Chapter 4, to Title 3, Chapter 2, of the Englewood Municipal Code 1986, to read as followe : CHAPTER 2 EMPLOYEE ORGANIZATIONS 3-44, S-2-1: POLICY STATEMENT: From the effective date of this Chapter, exclusive recognition of an employee organization to repreaent employee ■ in an appropriate bargaining unit ehaU be accomplished only by election in the manner oet forth herein. the City Council ehaU deaignate a Hearing Officer who ahaU be responaible for overseeing all elections of an employee organization which aeeka exclusive recognition as the certified employee organization in an appropriate bargaining unit. Petitions for an election may only be submitted for selection. and retention, of a certified employee organization or for clarification or amendment of an appropriate employee bargaining unit. M-1 3-2-2: PETITION FOR SE!.ECTION OF EMPLOYEE ORGANIZATION: A petition for selection of a certified employee organization may be filed by an employee or group of employee, who qualify for inclusion in an appropriate bargaining unit, or by an employee organization claiming to represent employees in an appropriate bargaining unit for the purpose of collective bargaining . ~ S.,2-3: PETITION FOR RETENTION OF EMPLOYEE ORGANIZATION: A petition for retention of a certified employee organization may be filed by an employee or group of employees who qualify for inclusion in an appropriate bargaining unit or another employee organization wishing to decertify an existing certified employee organization. Said petition ahaU be for the then certified bargaining unit. When deemed appropriate by the Hearing Officer, a petition for retention mcy also be treated as a pebtion for selection. -3-2.-4: TIME FOR FILING PETITIONS: A petition for selection or ret.ention of a certified empl oyee organization may be filed at any time, provided (a) a valid election for selection or retention hna not been conducted in the same appropriate bargaining unit within the preceding twelve (12) months ; or (b) there is not then in existence a current and val id collective bargaining agreement. In the event there exists a current and valid collective bargaining agreement, a petition. to be timely , muat be filed with the City Clerk more than three hundred thirty (330) calendar days, but not more th.,,, three hundred sixty (160) calendar dsya prior to the expiration date of the effective collective bargaining agree ment . A collective bargaining agreement that is prematurely extended or a collective bargaining agreement that baa been negotiated a nd ratified prior to the expiration of the th en current cnllective bargaining agreement, will not bar the filing of a petition; provided said petition is filed more then three hundred thirty (330 ) calendar days , but not more than three hundred sixty (360 ) calendar daya prior to the expiration of the then current collective bargaining agreement . -3 - 8-+6 3-2-6: SHOWING OF INTEREST ON PETITION FOR SELECTION OR RETENTION: A petition for selection or retention muat be si(!Ded by at least thirty three pen:ent (33%) of the full-time, classifiad employees , •. an appropriate bargaining unit expressing a particular request with regard to representation . -3-2-6: PETITIONS FOR CLARIFICATION OR AMF.NDMENT: A petition for clarification or amendment of an existing appropriate bargaining unit may be filad at any time by the City or an employee organization; provided, however, that only one petition for clarification or amendment may be filed bv the same party with respect to the same bargaining unit in any one calendar year. No election aball be allowed or conducted for clarification or amendment. A Hearing Officer appointed by the City Council shall conduct a bearing on the petition for clarification or amendment conaistent with Section 3-2•ll. Following tbs hearing, tbs Hearing Officer shall make a report which shall consilt of findings of fact and a recommendation to the City Council, and the City Council's decision shall be efl'ective on the date it is rendered and collective bargaining contracts shall contein language U>Miatent with this Section. a+;. 3-2-7: FORMS: An appropriate ionn or forms for the filing of the enumerated petitiona shall be av:illable at the office of the City Clerk. -3-2~: PROCESSING OF PETITION: A petition for selection or retention of a certified employee organization or a petition for clarification or amendment of an existing appropriate bargaining unit must be filed with the City Clerk. A copy of said petition shall be simultaneously aervad upon the City Manager and/or the cunent certified employee organization, if any. A Hearing Officer appointed by the City Council shall process the petition and establish all n•ce88ary rules and prooedures for conducting an election if an election ii to be ucted. If an election ii to be conducted, the designated Hearing Officer shall .:hedule a pre-election amfi!rence with the City and the employee organization(s) involved, to be held within 6.w, (6) calendar days after the petition has been filed with the City. An attempt shall be made to enter into a consent election agreement at the pre~lection conference. Such agreement she:J include a description of the appropriate unit, the time and place for holding the election and the payroll period to be used in determining the employees within the appropriate unit that shall be eligible to vote . Such conaent election shall be conducted within twenty-one (21) calendar days of the agreement under the direction and supervision of the City Election Commissior,. Approval by the designated Hearing Officer, lte time for oonducting the consent election may be extended at the request of the City , petitioner, or other interested parties for an additional period not to exceed twenty-one (21) calendar days . M-11 3-2-9: PROCEDURE IN ABSENCE OF CONSENT AGREEMENT ON SELECTION OR RETENTION: A. If the parties are unable to ente.r into a consent election agreement, within seve n (7) calendar days of the pre-election conference. the Hearing Officer shall schedule a heoring tote held within fourte en (14) calentar days of the pre-election conference . The Hearing OTicer shall do and perform the following functions: -4- • 1. Ealabliab, after not.ice and. bearin1 to both partiea, fair and eqlli~ble election rulea and procedwu cleaiiJDed to inaure fre&dom of choice to all employee, in the appropriate barpininJ unit to detarmine w~r they wiah to bo repra .. nted for purp011a of collective barpinin1 in 1ucb a manner thet the choice ■hall bo free of reetraint, coercion and lipilicant milrepresentation of facts. 2. At the heanng provided for in pnragraph A above, the Hearing Officer aball make a report that shall coneiat of tindinga of fact and a ~mmendation aa to whether there exieta an appropriata barcainin1 unit. In making such tindin1a and recommendation, the Hearin( Officer eball rely on th,, following factors: a. The unit will insure employees the fullest freedom and the exerciea of rights granted under thia Title and under the City Charter. b. The community of interest of the employees. c. The hietory of the employee relatioll8 in the u.:.it, among other employeee of the City, and in eilnilar public employment. d. The effect of the unit on the efficient operation of the public service and sound employee relations. e. The effect on ,e existing claeeificatio a etructure of dividing a single claeailication among two (2) or more units. 3 . If the Hearing Offic.,· makes a finding and reoc:umenda thet there exieta an appropriate bargaining unit, the Hearing Officer shall slso determine the following iasuee: a. Whether there ia a sufficient showing of employee interest to justify a'l election. b. Whether a question of representation exists. c. Whether the employee crganization named in the petition is qualified. d. Whether there are barriers to an election in the form of an existing contract or prior election. e. Whether the election is otherwise proper under the Charter or ordinances of the City. B. The Hearinr Officer shall iaeue writtan findings and recommendations within ten (IC) calendar days of the cloae of the hearing which shall contain reaaons therefor as to any and all of the matters at issue such written findings and recommendations shall be presented to the City Council for action no later than the second regular Council meeting followin& the receipt of the Hearing Ollicer'a findings and recommendations, the City Council aball vote to either accept or reject the recommendations of the hearing Jf6cer. if the city council approve1. a recommendation of the hearing officer that there exists an -5- aporoprlate bargaining unit and an election should be held, the council ahall set the time and place of holding an election and the payroll period to be uaed in delermining the employee• within the appn,priate bargaining unit that shall be eligible to vote and that the Election Commiuion shall 1upel'VI&e and conduct the elect:,n by eecret ballot. 3+¼41 3-2-10: OBJECTIONS TO ELECTIONS: A. Any party aad the Election Commission official supervising the election may challenge, for good cause, the eligibility of any person participating in the election. The ballots of such challenged pereons shall be impounded. Immediately upon the conclusion of the election , the Election Commission ,hall cause to be furnished to the parties a tally of the ballots. Within five (5) calendar daya after '.he tally of ballots ha, been fumiahed, any party may file with the City Clerk a written atatement of objcctio01 to the conduct of the election or conduct affecting the results of the election, which shall contain a short atatement of the reasons therefor. Any party may at this time alao file objections to the findinga and recomm•~dations of the Hearing Officer which were rendered covering those matters set forth in Section 3-4-9A and B. Copies of such objections shall immediately be served upon the other parties by the ?arty filing them. The party filing objectiona ahall alao furnish to the City Clerk and all other parties s summary of the evidence available to it to support the objections . B. If no objections were filed within the time set forth above , and if any challenged ballots are insufficient in number to affect the results of the clccticn, the City Clerk shall forthwith issue to the partiea a certification of ,.oe results of the election, including certification of the certified ecployee organization, where appropriate . C. If objections are filed , or. if challenged ballots are sufficient in number to afft.t the results of the election, the City Clerk shall report the objections to the City Council which will designate a Hearing Officer within fifteen (15) calendar days of the election to conduct a post-election h,,aring. Nothing be rein shall be interpreted as precluding the same Hearing Officer serving in both the pre-election and post-<!lection hearing. Within five (5) calendar days after the appointment, the Hearing Officer shall schedule a hearing on the objections and/or challenged ballots to be held within twenty (20) calendar days of his appointment. The Hearing Officer's findings and recommendationa on all matters in dispute shall be iaeued within ten (10) calendar days after the cloae of the hearing. The City Council shall review and take action on the Hearing Officers findings and recommendations ut the Council meeting following receipt of such findings and recommendations . if the City Council determines that the objections to the election are 1:1 ustained , the council shall determine what ac:.ion . if any, should be implemented. ~+H 3-Z-11: HEARING PROCEDURES FOR PETITION FOR CLARIFICATION OR A.tlENDMENT : A. A hearing to be held by a Hearing Officer appoint.ea by the City Council to determine the following ieluea ahall be held within fourteen (14) calendar daya of the filing of the petition for clarification or am,ndment. -6- • I . Whether a petition was properly filed and i• otherwiae proper under thia Title and under the Charter of the City of Englewood. " 2. Whether the amendment or clarification is consiotent with the coneopt or appropriate employee representation units as contained in Subaection a-+-9M¼ 3-2-9A2 . B. The Hearing Officer's written findings and recommendations shall be iaaued within ten (10) calendar days after the close of hearing and contain reuone therefor ao to any or all of the matters at ioaue. The Hearing Officer's findings ,nd shall be acted upon by the City Council at its next regular meeting following receip! of such findings and recommendations . ~-The City Council of the City of Englewood, Colorado hereby renumbers Title 3, C, ,pter 5, to Title 5, Chapter 3, of the Englewood Municipal Coda 1986, to read oe follows: TITLE 3, CHAPTER 8 NEGOTIATIONS AND IMPASSE RESOL;JTION!l PROCEDURES, STRIKES 3-6-¼-S-3-1: STATEMENT OF POLICY: It is the public policy of the people of the City to promote harmonious, peaceful and cooperative relationships between the elected and appointed officials of the City and the members of the claHified service and to protect the public by assuring, at all times, responsible, orderly and uninterrupted operation of govemI:,~ 11t. services and where necessary to provide for and regulate such matters of local concern. Since unresolved disputes in the public service are injurious to the public and to the government of the City and City employees, there is hereby provided, for full-time, classified employees in an appropriate bargaining unit, the right to bargain collectively concerning certain subjects with the City as employer through a certified employee organization and a method for resolving impasses in such bargaining as hereinafter provided. The establishment of this method of resolving such impasses shall be deemed to be a recognition of the propriety of providing an alternative mode of settling disputes where public employees , as a matter of public policy , and in recognition of the desirability of maintaining a bala n~e in the labor management relationshi" TD.ust be denied the right to strike. 3-6-1 S-3-2: ENTITLEMENT TO BARGAJS WITH Tl-TE CITY: Only full-tim<, classrlied employees in un appropriate bargainL"lg \.i.Jl!, i,avt: th , right to bargain rollectively with the Cit: r through their certified ~"Tlf · ,:,~e representative towards securing a collective bargaining agreement . Only an e.t~.ployee organization that baa been certified by the Career Service Board prior to No,,,. aer, 1995 or thereafter by the City Council shall be entitled to engage in collective bargaining with the City. 3-6-3 S-3-S: SCOPE OF THE COLLECTIVE BARGAJNING AGRE'::MENT: The collective barr•ining agreement between the City and the certified bargaining representative sh t I consist of any and all terms actually agreed UJ:OD by the partieR, which terms are not otherwise inconsistent with the ordinances or ChartAr of the City. The collective bargaining agreement shall be for a term of not less than one year, nor more th"'n three (3) years; provided, that all collective bargaining agreements entered into shall be effective on a January I date and shall terminate on a December 31 date. -7- M-+ 8-3-4: COMMENCEMENT OF NEGOTIATIONS: The obliptio~. to meet •t resporu,ible time• and negotiate in aood faith ■hall comm•nce on or prior to MRy 15 of any <pplicable yeu in which the barpiniJli agreement e:rpina or in which collective barg1ining ia otherwiae pn,l)llr under tbia Title . Thia obliption ahall be initiated by a request from either the c:ty or the certified employee repreaentative •· :uch outlines the specific subjects upon which bargaining a hall be sought. Either party, however, shall be permitted to raiae additional subjecta for bargaininr :n their firat counter propC'881 . Only thoae mandatory economic subjecta so railed and upon which the parties are at an imp .... may be referred to the arbitrator for i:Jipaaae resolution. ~ S-3-.5: RATIFICATION OF AGREEMENT: A. By the City. A collective bar;;ainine agreem.ent shall not be eftective between the parties or binding upon the City until such time as the City Council approves and ratllles the terms of said collective bargaining agreement. Upon tentative agreement with the authorized representative of the City, the City shall forthwith present aaid agreement to City Council for ita approval and ratification, ar:u shall make every reasonable effort to secure said approval and ratification. 8 . By the Certified Employee Organization. Upon tentative agreament with the City, the certified employee organization and its oflicera shall forthwith preaent said a1!fe8me.ot to it.a membera for their approval and ratification, and shall make every r~asonable effort to secure said approval and ratification . 8-6-& 8-3-6: IMPASSE RESOLUTION: Impasse resolution shall be conductec in accordance with the provisions of the City Charter, Section 137 :6. 3-64 S-3-7: STRIKES PROHIBITED : A. The protection of the public health, ,afety and welfare demands that neither the certified employee representative, nor any employee organization. nor any employees of the City, nor any person acting in concert with them, will cauae , sanction or take part m ar~ strike . B. In thee· ent a certified employt ,· representative engages in any conduct which falls w; Jun the definition of "etrike" herein, ouch vio:ation ow,· I be cam.e for the City to terminate the collective bargaining agreement with said certified employee repr'?sentative and/or withdrawal of recognition of the certified employee representative up on giving written notice to that effect to the chief representative of said certitied employee representative or employee organization, in addiuor, to what.ever other remedies may be available to the City at law or in equity. C. In the event an employee or e1 1,ployees enr,age in any conduct which falls within the definition of "strilr t ' herein , such violation shall constitute just cause for immediate dischJ :ge of said employee , in addition to whatever other remedies may be available to the City at law or in equity. The City shall not be require,· to pay any employ..-ony portion of his/her salary or fringe benefits while engeging in activity in violati,•n of this Section. It is expresoly reco;nize<I that the City has the right ,, selectively discipline, up to and including discharge, any employet : or emplcyees whose conduct fall s within the definition -8- • • • of this Section without having to disc:ipline all employees whose conduct ran. within the definition of thie Section. An employee or terminated or diociplined by the City under thie Section ehall have the right to grieve eaia diociplinary action. 1hlo~rlt lite 'Dieeipijner, .~ppeelo', Seelio11 a n1 9. ~-The City Council of the City of Englewood, Colorado hereby renumber• Title 3, Chapter 6. to Title 3, Chapter 4 , "City of Englewood NonEmeraency Employeee R,tirement Plan and Truet As Amended And R,atated Effective January I, 1999", in ita entire ty of the Englewood Municipal Code 1985, to read a s follow ■: CHAPTER 4 CITY OF ENGLEWOOD NONEMERGENCY EMPLOYEES RE.r!REMENT PLAN AND TRUST AS AMENDED AND RESTATED EFFECTIVE JANUARY I, 1999 3-6-¼ 3-4-1 : PURPOSE : Effective as of January 1, 1999, the City Council of the City adopted the amended and reatated Plan, as set forth herein. to continue and replace the Plan previoualy ii: effect . The Flan and R,tirement Fund are intended to meet the ,equirementa of Sections 401(a) and 501(a) of the Internal R,venue Code of 1986, a• amended. The Plan previously kr.owu as the "City of Englewood Retireme nt Plan" shall hereinafter be known as the "City of Englewood Nonemergency Employees Retirement Plan". The Plan and the Retirement Fund forming a part hereof, were established and shell be maintained for the exclusive benefit of the elisible Employees of th• City and their Beneficiaries. No part of the Retirement Fund can ever revert to the Cih· provided , or be used for or diverted to purposes other the Employe es of the City and their Beneficiaries. •pt as hereinafter ~ exclusive benefit of This amendment and restatement of the Plan shall not, in any way , affect the rights of former Employees who participated in said Plan and who either retired or otherwise terminated their employment prior w January 1, 1999. The righta, if any, of such former Employees and of their Beneficiaries und the amounts of their benefits, if any , shall continue to be governed by the provisions of th e Plan as it was in effect on December 31 , 1998, or the da M, if earlier, of their retirement or termination of employment, unless specifir...Uy provided for otherwise herein . 3-M 3-4-2: DEFINITIONS AND CONSTRUCTION : ~ 3-4-2-1: NAME : The retirement income plan •• set forth in this document shall be known as the City of Englewood Nonemergency Em pioyees Retirement Plan and Trust and is hereinafter referred to as the "Plan ." -9- 1-i-1-1 M-2-2: DEFINITIONS : Unleaa the context otherwise requires, tho definitions and general provisiona contained in this Subsection govern the construction ofthis restetod Plan. A. "Accrued Benefit" means the benefit determined in accordance with Section ~ 3-4-7 hereof. B. "Accumulated Contributions" means the sum of the Member's contributions to this Plan , credited with interest thereon at the rate of 3.5% per annum . C. "Act uarinl (or Actuarially) Equivalent" means equality in value of the aggre gate amounts expected to be received under different forms of payment baaed on interest rate and mortality assumptions as defined below unless otherwise specifically provided in the Plan: I. lntereat Rate Assumption for Alternative Periodic Benefite. The intereat rate used for purposes of computing alternative periodic form• of benefits shall be 7.5% effective January 1, 1986. 2. lntereat Rate Assumption for Single-Sum Payments. Effective for the calendar year beginning on January 1, 1986, and for each calendar year following sequentially thereafter, the intereat rate used for purpoeea of computing single-sum payments shall be the immediate annuity rate (subject to adjustment as required for deferred annuities) u.ed by the Pension Benefit Guaranty Corporation as oftbe January 1 coincident with or preceding the date as of which the amount of the altem.tive form of benefit is being determined hereunder. 3. M•ntality Assumption. a. Effe ctive J ·.tly I , 1999, the mortality assumption for calculation sball be a unisex rate that is fifty percent (50%) male, fifty percent (50%) percent female, taken from the 1983 group annuity mortality table. prior to July 1, 1999, such mortality assumption shall be a unisex rate that is fifty percent (50%) male , fifty percent (50%) female, taken from the 1971 group Rnnuity mortality table . b. Solely for purposes of Section-a+¾ 3-4-16, hereof, r a and after January 1, 1995 , the mortality assumption for cs'.culation shall be a uni sex rate that is fifty percent (50%) male , fif\y percent (60%) female, taken fr om the 1983 group annuity mortality table. D. "Beneficiary" means the person or persons who are so designated by the Me mber, in the latest written notice which the Member has filed with the Retiniment Board , to recci\'c any payment to which a Beneficiary may become entitle,{ under this Plan. E. "Board " or "Retirem en t Board " me1:1ns the Board appointed by the City Council and chs.rged with the gen eral administra!ion of the Plan as set forth in Section 3-6-11-1 hereof. F . "City" meana the Ci ty of Englewood , State of Colorado. -10- • • • 0 . 'City Council" meana the City Council of the City. H. "Code" or "Internal Revenue Code" means the Internal Revenue Code of 1986 26 USC (1986), aa amended from time to time . I. "Compeneation" meana the total ca1h remuneration paid to an Employee for a calendar year by the City for personal aervicea as reporter on the lsmployee'a income tox withholding statement or statements (Form W-2 . or it.a aubaequent equivalent), including longevity pay and excluding bonuses, extra pay, compensation time, overtime, lump~sum payments in lieu of accrued vacation time, sick leave, or personal leave, worker's compensation and any contribution by the City under this Plan. or the like, but including any compensation that the Employee baa elected to have deferred under Section 157 and Section 125 of the Internal Revenue Code. Effective January 1, 1989, the amount of a Member's compensation for the purposes of the Plan durmg any Plan year shall not exceed two hundred thousand dollars (S200,000 .00) subject to coat-of-living adjuatmem, , n accordance with Code Section 415(d). In addition to other applicable limitations set forth in the plan, and notwithstanding any other provision of the plan to the contrary, for plan years beginning on or after January 1, 1 r?6, the annual compensation of each .. noneligible mtmber" taken into ac ,:ount under the plan ~hall not exceed tl 1e Omnibus Budget Reconciliation Act '93 annual compeneation limit. The OBRA '93 annual compensation limit is $150,000, as adjusted by the commissioner for increases in the cost of living in accordance with Code Section 401(a) (17) (b). \he coat of living adjustment in effect for a calendar year applies to any period, not exceeding 12 months, over which compenaation is determined (determination period) beginning in such calendar year. If a determination period consists of fewer than 12 months, the OBRA '93 annual compensation limit will be multiplied by a fraction, the numerator of which is the number of months in the determination period, and the denominator of which is 12. A "noneligible membnr" is any member who first became a member in the plan during a plan ytar beginning on or after January 1, 1996. Effective January I. 1989, through December 31 , 1996, in determining the compensation of a member for purposes of this limitation, the rules of Code Section 414 (q) (6), shall apply, except in applying such rules, the term 'family' shall include only the spouse of the member and any lineal deacendanta of the member who have not attained age 19 before the close of the year, effective January 1, 1989 through December 31, 1996, if, as a result of the application of such rules the adjusted annual compensation limitation is exceeded then the limitation shall be prcrated among the affected individuals in proportion to each such individual's compensation as determined under this Subsection ~ 2-10·2·2(i), of the Englewood Municipal Code prior to the application of this limitation. J. "Credited Service" means the ~eriod of Service rendered by an Employee as a Member for which credit is allowed. K. "Disability" means a physical or mental condition which entitles the Member to receive a disability income under the long-term disability insurance contract maintained by the City . -11- J,. "Effective Dote of this Plan" mea111 January 1, 1970. Thia amended and restated Pion 11 effective as of January 1, 1991. M. 'Employee" meona any person employed by the City on a permanent, full-time ba.,is aa defined in the City Personnel Policy and Procedures. For the purpoee1 of thia retirement plan, police oflicera, pa.id firefighter■ and elected olliciala shall not be considered to be Employees. Effective January 1, 1987, included as employeea are lensed employees within the a: •aning of Code Section 414(n)(2) except that if such leased employee■ constitute lees than twenty pereent (20%) of the nonhighl) compensated work.oree within the meaning of Code Section 414(n)(l)(C) u). then the term "Employee" will aot include those leased employees cover,i,i ~>' a plan deacrib•,d in Code Sectiou 414 (n.\(~) unless otherwise prov;ded by th• term• nf this Plan, N. "Exempt Employee" means an Employee having one of the followin& titles aa defined by City Peraonnel Policies and Procedures: City Manager, Aaaiatant City Manager , any Department Head, Murucipal Court Judge, City Attorney _ snd Assistant City Attorney. Efrective January I, 1988, "Exempt Employee" •hall also include any managerial, supervisory or confidential employee as defined by City Personnel Policies and Procedures. 0 . "Final Average Monthly Com~naation" means 1/36 of a Member'• total Compensation during the thirty-1ix (3 6) consecutive full calendar month■ (determined without the incluaion of any Break in Service) within the last one hundred twenty (120) completed full calendar months of employment with the City which yield the highest average Compenaation. In the event the Member was employed for fewer than thirty-six (36) consecutive full calendar unnths, such average monthly compensation shall be baaed on his Compensation for the thirty-six (36) eucceeaive full months during hie last one hundred twenty (120) full calendar months of employment with the City that would yield the highest average, or his full period of such employment, if less than thirty-six (36) months. P . "Insurance Company" means any insurance company or companies appointed by the City Count"l for long-term diaability coverage, or as provide,! in Subsection-3+12-3 hereof. Q. "Leave of Absence" means any absence authorized by the Employer ur.. uch Employer's standard personnel practic,,s, provided that all persons u::~,. similar circumstances must be treated alike in the granting of such Leave of Absence, and provided further that the Employee returus or retires within the period specified in the authoriud Leave of Absence. R. "Member" n1ean!:t cmy person included in the membership of this Plan as provided in Sec•.ion,l-ll-3 3-4-3 hereof. Effective January l, 1987, excluded as members are lea,,d employees within the meaning of Code Section 414(n)(2). S . "Normal Retirement Age" means age sixty-five (65). T . "Normal Retirement Date" me&1o, the firat day of the calendar month coincident with or next foUowing the sixty-fifth (65th) birthday of the Member. -12- • • • • U. "Plan" means City of Englewood Nonemergency Employees Retirement Plan AND TRUST, as amended from time to time. V. "Plan Administrator" means the Retirement Board of the City. W. "Plan Year" meana the cal•ndar year starting January I and ending December 31. X. "Previous Plan" means the City of En&lewood Retirement Plan (including any predecessor plan(s) thereto) in force and effect for the period prior to January I, 1999, the Plan hereby being amended and restared. Any refemnce herein to the Previous Pinn as of a certain date or for a ~rtain period shall be deemed a reference to the Previous Plan as then in effect. Y. "Retired Member" means a former Member whose employment terminatad by reason of retirement or Disability and who is receiving or is entitled to receive, or whose Beneficiary or estalA! is entitled to receive, benefits under this Plan. Z. "Retirement Benefit" or "Pension" means any Retirement Benefit provided for in Section -3-6-'1' 3.4. 7 hereof. AA. "Retirement Fund" or "Fund" meane the "City ofEn&lewood Nonemerger.cy Employee• Retirement Fund," maintained by the Retirement Board or in accordance with the terme of the Trust Agreement, amended from time to time, which constitutes a part of this Plan. BB. "Service" meane a person's period or periods of employment as an Employee used in determining eligibility or the amount of benefits as described in Section a.&-4 3.4.4 hereof. CC . "Trustee" meane any qualified and acting Truetee appointed by the City Council as Named Fiduciary for the inveotment and management of Plan assets, ae provided in Section~ 3-4-12 hereof. DD . "Vested Member' means a former Member whose Credited Service has terminated by reason other than retirement or Disability and who is entitled to receive, or whose Beneficiary or estate is entitled to receive, benefits under this Plan. A Veeted Member shell become a Retired Member upon the actual commencement of benefit payments. 1-&-M-S-4-U!: CONSTRUCTION: The masculine gender, where appearing in the Plan, shall be deemed to include the feminine gender and words used in the eingular ehall include the plural uu.leee the context clearly indicaree to the contrary. Words ouch ae "hereof." "herein," and "hereunder," shall refer to the enfre Plan, :t('lt to any particular provision or section. The Plan and Truet ehall each form a part of the other by reference and terme ehall be used therein inu,rchangeably . -13- ~ 3-4-8: MEMBERSHiP: M-3-i-S-4-8-1: EMPLOYEES ON JANUARY 1, 1970: Every person who was an Employee of the City on January I. 1970 could become a Member in the Plan on such date by properly filing with the Retirement Board, on or befo re such date, the form of membership agreement furnished for that purpose . Any such person who did not file the form of membership agreement on or before such date may thereafter file such membership agree!Iient and become a Member on the first day of any subsequent month. 3-6-3-9-3-4 ,-3 -2: EMPLOYEES HIRED AFTER JANUARY 1, 1970: For each Employee hired after January l, 1970, membership in the Plan shall be a condition of employment and each Employee shall become a Member on the date of employment. Such Employee shall be required to complete the form of membership agreement at the time of employment, election or appointment, except as follows : A. The City Council may, by ordinance, establish optional pensi ,n or deferred compensation plans for Exempt Employees . Upon establishment of any such optional plan(s), an Exempt Employee may at his option elect t.o come within the proviaions of such plan; provided, however, that an Exempt Employee may noi concurrently be a Member of more than one retirement plan to which the City is making contributions on his behalf during his employ,r,e nt by the City. In the event that any said Exempt Employee of the City, who is present.ly • Member of the Plan, elects to come within the provisions of any other retirement plan established by the City Council and funded all or in part by the City, be shall have the option to become a Vested Member of the Plan (regardless of whether or not he bas completed five (5) years of Credited Service) or to withdraw from the Plan the amount calculated under Section 3-64&-l¼ 3-4-10-2 hereof. B. Exempt Employees of the City who are Members of the Plan shall, within six (6) months from the institution of any optional plan(s) by the City Council, elect whether or not to become a member of ony optional plan(s). Said election to bi:.u;oc,e a member of the new plan or to remain a Member of the Plan shall be irrevocable . C. Those Employees who may become Exempt Employees by promotion or appointment or otherwise, shall have sixty ;GO) days from the elfective date of their appointment in said Exempt position in which to elect either to remain in or to become a member of one or an!' other optional plan . The election to become a member of another plan shall be irnvocable . D. City Council has previously designated the International City Management Association Retir ement Corpma!.io~ Deferred Compensation Plan ("ICMA-RC Plan") which is esta blished under Sec 'ion 45i of the Code as an optional plan to which the Cit} wonld make co ntribu\.~ons on behalf of Exempt Employees who elect this option . E. City Council has estabti.hed the managerial. supervisory or confidential ICMA- RC Money Purchase Plan for managerial supervisory or confidential employeea -14- • • effective January 1, 1988 •• an optional plan to which the City ■ball make contributiona on behalf of any Exempt Employee who elect.a tbia P11111. ~ B-4-3-3: TERMINATION: Membership of any Member shall terminate if and when be aball ceaae to be an Employee for any reason, except ea proviried in Subsection-3.4.4.3 hereof. S-S--1--1: CREDITED SERVICE: 3-6-+-l S--1--1-1 : CREDITED SERVICE: Credited service shall be used to determine a Member's Accrued Bs nefit and eligibility for benefits under the Plan. A Member's Credit,,<! Ssrvice ia the elapsed time period from hie date of employment with th• City, u an Employee, to hie date of termination of such employment, except ae provided below. -S-4-4-2: LIMITATION ON CREDITED SERVICE: A. No period of Credited Service shall be deemed to be increased or extended by overtime . B. Credited Service shall not include any period of time during which the Member ia on an approved Leave of Abaence or interruption of Service as provided in Subaection il-G-4-3 3.4 .4.3 hereof. C. Periods of employment with the City prior to the date the Employee became a Member aball not be included as Credited Service unless such an Employee (1) elected to become a Member of the Plan on January 1, 1970 pursuant to Subsection~ 3-4-3·1 hereof, or (2) is covered under the proviaiona of Section Suhlection il-G-4-3 3-4--1-3 hereof. D. Credited Service shall not include any period on the basis of which a Retirement Benefit is payable under any other defined benefit retirement or pension plan to which the City made contributions, other than benefits pnyable under the Federal Social Security Act or the Volunteer Firefighters' Penaion Fund. E. Credited Service ■ball not include any period of time for which the City contributes on behalf of an Exempt Employee to the ICMA-RC Plan or any oil.er optional deferred compensation plan in lieu of this Plan, as provided in Subs,;ction -3-4-3-2 hereof. F. Credited Service aha!: not be extended beyond a Member's date of termination for lump-sum payments in lieu of accrued vacation , sick leave or personal leave. G. Credited iJervice shall not include any period of time that a member continues working .~or the City after commencement of the member's participation in the deferred retirement option plan pursuant to Section~ 3-4-7-8 . -15- ~ M-4-3: BREAK IN SERVICE: A Uember shall incur a Break in Servics if hi ■ Service a• ~n Employee termiilalllo and he does not return to Service a ■ an employee within twelve (12) montha of the date such Service terminated. The Retirement Board slJall have the power to determin e when a Break in Service shall have occurred, and such determ ination shall be made in a nondiscriminatory manner. The following shall not be considered a Break in Service : A. A temporary lay -o fl' because of an illness or for purposes of economy , suspension, or dismissal, followed by death, or reinstatement, reemployment or reappointilhmt within one (l) year. B. A form al Leave of Absence. duly approved by the City Manager for a specific period , followed by death or by reinstatement , reemployment or reappointment within thirty (30) days after termination of the Leave of Absence . C. Any Employee or any Member who is on a Leave of Absence on account of entering into the milita,y service of the United States (including service in the Unitad States Merchant Marine in time of war) shall, in the absence of reasonable justification for additional delay , return to the Service of the City within ninety (90) days after the time when a discharge from such milita,y service was first available to such Employee. In the event that a Member or employee doea not return to the Service of the City within the time specified above , such Leave of Absence shall be considered a Break in Service . NoLwitl,sta.nding any provision of the plan to the contrary , oontributiona , henefita and service credit with :-espect to qualified military service will he provided in accordance with Code Section 414 (u). D. The period during any Leave of Ab se na, or interruption of Service shall not however, he included in Credited Service . Effective ae of August 5, 1993 , a leave of absence pursu ant to the F3.lD.ily and Medical Leave Act of 1993 . shall not be considered a brea• L· service ; however, the employee will not receive any service credit during such an absence. After January I. 1987. if any former Member (vested or nonvested) returne to Service as an Employee within five (5) years after his date of termination, or if a former Vested Member returns to Service as an Employee after such five (5) years but without receiving any single -sum payment hereunder, then applicable prior Credited Service shall be restored. Otherwise such prior Credited Service shall be perma nently lost . oubject to the further provisions of this Subsection ~-4-4-3. If any such rehired Member, whc had returned to Service as an Employee within five (5) years after the date of termination. had received a single-sum payment in lieu of Retirement Benefits, an actuarial reduction c,hall be made in his Retirement Benefits under Subsection,l-6-¼6-¼-3-4-16-1 hereof unless he repays the Fund within twenty four (24) months of rehire. such single-sum amount, with interest at the rate determined under Subsection~ 3-4 -2-2C2 he, ,of (interest rate -16- • • aaaumption for single-sum payments) from the date the Membe.· received the payment to the date of repayment. Members of the Plan as of January 1, 1987, who were previously covued bF the Plan but, J ue to a prior termination of employment. received such a single-sum pa) ,ent, and wen• then reemployed by the City regan!J.u of tb,1 time that expir ..:d between their termination elate and reemployment date, shall have until July 1, 1989 . in order to elect to repay such single-sum amount and thereby avoid such actuarial reduction. The amount to be repaid shall be calculated as set forth and must be repaid by July 1, 1989. Any former nonveated Employee who returns to Service as an Employee more than five (5) years after bis date of termination and who is a Member of the Plan as of January 1, 1987, shall havo until September 30, 1987 to make written application to the Retirement Board to have bis prior Credited Service, if any, restored. The Retirement Board shall review such application and sball determine on a nondiscriminatory basis, whether such prior Credited Service shall be restored, and shall inform the Member of its determination by December 31, 1987. Any Member of the Plan who was an Employee on January 1, 1970 and who did not elect to become a Member of the Plan on January 1, 1970 purauant to Subaection 3-6-3-¼-2-10-3-1 hereof will, ae of January 1, 1987, receive aedit for all service prior to the date he actually became a Member of the Plan. Such a Member may elect in writing, prior to July 1, 1988, to pay a single sum amount determined on the basis of the amount of accumulated contributiona that said Member would have accumulated in the Plan as of July 1, 1988 had be elected to become a Member of the Plan on January 1, 1970 and mada the required contributions each year on the basis of compensation te received each year. If the Member electa not to pay the single sum amount, hie retirement benefit determined under Subsection 3-&-.-+ 3-4-7-1 hereof shall be reduced by the actuarial equivalent of the single sum payment due as of July 1, 1988. 3..-++ 3-4--4-4: EFFECT OF OTHER PLANS: Credited Service shall not include any period on the basis of which a Retirement Benefit is payable under any other defined benefit retirement or pension plan to which the City made contributions , other than benefits payable under the Federal Social Security Act or the Volunteer Firefighters' Pension Fund. Credited Service shall not include any period of time for which the City ...,,ntributes on behalf of an Exempt Employee to the ICMA-RC Plan or any other optional defeM!d compensation plan in lieu of this Plan, as provided in Subsection~ 3-4-3•2 . reof. &--. 3+-4-5: MISCELLANEOUS: No Period of Credited Service shall be deemed to be increaaed by overtime. A year of Credited Service shall be given for eatl. three hundred sixty five (365) day period. beginning with the first day of employment, which elapses while the employee is entitled to Service Credit under the al,c .e provu ions of Subsection~ 3-4-4 hereof . -17- 1-U M-6: CONTRIBUTIONS: 3-6-6-1-3+6-1: MEMBER CONTRIBUTIONS: Effective January I, 1976, no Member will be required l1t permitt, I to conlribute to the Plan. 3-&+a M-6-Z: CITY CONTRIBUTIONS: The City will , from time to time and at leaet annually, make contributiona to the Trust Fund to the exwnt neceSAary to finance the benefite provided by the Plan on a sound actuarial ba■is . The City expects to continue such contributions to the Plan, but aaaumea no reeponaibility to do eo and reserves the right to auapend or 1.o reduce contributions at any time. 8-6+& 1-4-6-3: APPLICATION OF FORFEITURES : Any amount forfeited because of U,e termination of employment of I Member prior to his having acquired a fully vested right to Retirement Benefits , because of the death of any men1ber, or for any other reaeon, shall not be app)ied • , incteue the benefits which would otherwise be payable to an, other Member. The ~mounts 10 forfr ,ited shall be applied as soon as possible to reduce the contributio111 required to be made by the City. M-& 8-4-6: RETIREMENT DATES: ~ M-6-1: NORMAL RETIREMENT: All permanent, full-time Employee■ of the City shall become one hundred percent (100%) vested upon nttainment of their N11tmal Retirement Age and may retire at any time thereafter. The effective date of retirement under the proviaiona above •hall be the lint day of the first month following the month in which such Employee actually retires from the em ployment of the City. 8..-& M-6-2: EARLY RETIREMENT: A. Regular Early Retirement: A Member or Vested Member who hae attained the age of fifty-five (55) years and has completed at leaat five (5) yean of Credited Service may elect to retire under Regular Early Retirement and have benefit payments commence as of the first day of any calendar month, which shall not be lesa than thirty (:O) nor ruore than ninety (90) daye after the filing of written notification with the Retirement Board . B. Special Early Retirement: A Member shall be eligible for Special Early Retirement as of the first day of any calendar month if hia employment terminates after he has attained t'le age of fifty-five (55) and the aum of hia age plus his Credited Service at termi.iation equala eighty-eight (88) or more . Such a Member may elect Special Early Retirement upon the filing of written notilioation with the Retirement Board not lees than thirty (30) nor more than ninety (90) daya prior to the date benefit payments are to commence. -18- • • 8-6-6-& 8-4-6-3: DELAYED RETIREMENT: Every Member upon reachi:l g hia aillty-flfth (65th) birthday ehall be fully veated in the benefite earned prior to ouch date and ahall be eligible to retitt under the Plan. However, any Member elAgible for normal retirement may elect to delay his retirement date ae permitted by the City PeraoMel Policies and Procedures. His delayed retirement date ahall be the (U"■t day of the month, coincident with or next following the date of hi■ actual retiremenL Aa a condition precedent to continuance in employment beyond the Normal Retirement Date, the Member shall file with the Retirement Board the written designation of a Beneficiary , whether or not the Member elect& an optional benefit in acoordance with Section -3-6-3 3-4 -8 hereof. ~ 3-4-8-4: DISABILITY RETIREMENT : Any Member who is disabled pursuant to Subsection~ 3-4•2-2(K) hereof shall qualify for Disability retirement as provided herein. Payment of a Disability Retirement Benefit shall commence on the liret day of the month next following lu Normal Retirement Date. The laat paymentshall be D"ade as of the first day vf the month in which the death of the Retired Member occura or his Disability ceaaes , whichever liret occurs. If Disability ceases on or after the Membera Normal Retirement Date and he does not return to full-time employment with the City, hia Disability Retirement Benefit shall be continued in the same maMer as if his Disability h•,d continue..J.. If th• _.,tired Member's Disability ceases prior to hia Normal Retirement Date and be is not reemployed by the City, and if he had met the requirements for an early or deferred vested Retirement Benefit on the date ofhia retirement from Diaability, he shall be entitled to receive, commencing on the firet day of the month next fellowing his Normal Retirement Date, a Retirement Benefit, equal to the early or deferred vested Retirement Benefit ,o which he would have been entitled, as of the date of hia disablement. Such Retirement Benefit to be calculated ■hall conaidar the Credited Service he could h.ve received during the period ofhia Disability. If the Member requests the commer cement of h_;s early or deferred vested Retirement Benefit a■ of the firet day of the m ,nth next following hi■ iifty fifth (55th) birthday, or aa of the lire! day of any subsequent month which precedes ~is Normal Retirement Date, hi■ Retirement Benefit shall commence as of the beginning of the month so requested, but the amount thereofshall b< reduced in accordance with Subsection~ 3-4-7-2 hereof based on the number of years by which the starting date of the Retirement Benefit payments precede the Member's Normal Retirement Date. If Disability ceases before a Retired Member attains his Normal Retirement Date and the Member is reemployed by the City, the Retirement Benefit payable upon hie subsequent retirement shall be determined in accordance with the provisions of Subsection ;,++-1-3-4-7-1 hereof including Credited Service for the period that he was diaabled. Notwithstanding any other provision of this Section , no Member shall qualify for a Disability Retirement Bene/it if the Board determines that his Disability reeulte from an &.ddiction to narcotics or hallucinogenic drugs , an injury suffered while engaged in a felonious or criminal act or enterprise , or service in the Armed Forces of the United States which entitles the Member to a veteran's diaability pension . • 19- Disability under the Plan shall be conaidered total and ~rm~nt if \t ia determined hy t~e Board that the Member ia eligible and receivin1 diaability benofita from tho ion11-term diaability insurance contract runintainad by the City. Disability ahall be conaidered to have ended if; prior to his Normal Retirement Date , the Member is no lon•,r eiigible for benefit.R from t.be lon1-term disability inaurance contract maintauied by the City. --8-4-6-6 : REQUIRED Dl'ITRIBUTJOrl OF RETIREMENT BENEFITS: Notwithstanding any other provision of t.hia Plan, diatnbution of Benefits undar this Plan shall commence not later than April I of the calendar year following the later of the calendar year in which the Member "ttaina age ..,venty and one-half (70 1/2) or the calendar year in which the Member retires. M-'1-3-4-7: RETIREMENT BENEFITS: ~ 3-4-7-1: NORMAL OR DELAYED RETIREMENT: Upon retirement at or ofter his Normal Retirement Date, each Retired Me nber ahall. re.,.ive a monthly Re.u-ement Benefit equal to one and one half percent (1 1/2%) of the : .• ember's :-'inal Average Monthly Compenaation multiplied by the total number of yeara (inclu<iing fractional yeara) of the Members Credited Service. ~ ~-4-7-2 : EARLY RETIREMENT: A. Regular En\y Retirement. A 1rlember or Veated Member, eligible for RecuJ .1r Early Retimsent and retiring prior to his normal Retirement Date, shall ·oe entitled to a re.J..ced Retirement Benefit w.'lich ahall be hie Accrued Bendit on his RecuJar Early Retirement date , reduced by one fourth of one percent (.25%) for each month by which the payment commences prior to the first of tho month following his Normal Retirement Data . B. Special Early Retirement . A Member who meet.a the requirements for Special Early Retirement ehall receiv, a monthly amount computed as for a Normal Retirement Benefit conaidering his Credited Service to the date of his actual Retirement, payable without reduction for early commencement. 3-6-'l-3-8-1-7-3: DISABILITY RETIREMENT: A Member who meets the requirements for a Disau.i.lity Retirement Benefit as a result of receiving payment.a from the City's long•te= disability insurance contract shall receive a monthly amount commencing on the first day of the month next following his Normal Retirement Date and computed as for a normal retirement under Subeection ~ 3•4-7-1 hereof, conaidering his Final Average Monthly Compensation at the date of his retirement from Disability and Credited Service for the period he received long-term disability benefits from the City'• long-term disability insurance contract. -20- • • ~ 8-4-7-4: DELAYED RETIREMEN'.1;; A Member retiring subsequent to hia Normal RA!tire.ment Date shall receive the monthly retirement benefit computed under Subsecu,n ;J.&.H 3.4.7.1 hereof, considering his/her final average monthly compenMti,111 at the date of his/her cctual retirement and the credited eervice h.,she accumulate<i to tl.e date onJs/her actual retirement . ~ S-4-7-6 : NORMAL rOBM OF PAYMENT: Unlees optional benefits have be,,n elected pureuant to Section ll-1' -d 3•4•8 hereof, the baeic monthly retirement ben efit comput.,d as ,et forth above, s hall be a ten (10) y•ar certain and life benefit. Such benei:t ,hall be in equal monthly payments commencing on the first day of the month next follo ,ving the retirement date, and continuing at monthly interval, for a period of one hundred nineteen (119) adtlitional months and fo r the retired member's lifetim e thereafter. The last benefit payment shall be made on the first day of the month of the retired memoer'e death, unleBS paymer.u, have been made for fewer than one hundred t .. enty (120) months, in which event payments ahall be continued to the named beneficiary, ceaeing when an aggregate of one hundred twenty (120) monthly payments have been made to the retired ir.ember and his/her beneficiary. If the retired member is married at the time benefits are to commenco, the spousal consent requirements of Subsection U-M 3.4.5.2 hereof must be met before payment.a under this Section commence . In t!ie event that no beneficiary is living at the death of such retired member, the actuarial equivalent value of the monthJy installments for the balance of the term certain will be computed and paid in one awn to the estate 0£ the retired member. If at the death of the last s urviving beneficiary following the death of the retired member. monthly installments have not yet been paid fo1 the term certai,i, the actuarir I equivalent value of the installments for the balance of the term certain will be computed and paid in one sum to the estate of the last surviving beneficiary. As provided by Subsection-3-6-¼&-l! 3•4•16-2 hereof, retirement benefits may be suspended for a retired member during a period of employment subsequent to his/her actual retirement date during which he/she is rehired and receiving compensation as an employee of the City . Monthly payment.. shall commence and be determined pursuant to such Subsection U--¼H 3·4• 16·2 hereof. 3+-'1-& 3-4-7-6 : ACCRUED CREDITS AND VESTED BENEFlTS Ur-"T1ER THE PREVIOUS PLAN PRESERVED: The restatement of the previous plan by this plan shall not operate to exclude , diminish, limit or restrict the payment or continuation of payment of benefits accrued as of December 31 , 1998. The amount of such previous plan benefits, if any, in the course of payment by the trustee under said previous plan, to any perEion on December 31, 1998, shall be continued by the trustee under the truot agreement forming a part of th plan, in the same manner, undiminished, preserved, and fully vested under this plan. The eligibility for , and amount of, any benefit of any kind. payable commencing after December 31 , 1986 under thia plan to or for any peraon who was a member of the previous plan and who became a member of thia restated plan as of January I , 1987, shall be determined under the provisions of this plan. -21- INCREASED BENEFITS FOR RETIRED MEMBERS AND BENEFICIARIES: Effective July I, 1993 , all members and beneficiaries whose paymenta commenced before January I, 1993, shall receive a five percent (5%) increase in their peneion payments subject t,, future ndjl!!!tment as determined oy the Board . Effective January I , 1996, all members and beneficiaries whose paymente commenced before July I , 1995 , shall receive a three per::ent (3%) increase in their pension payment.a subject to future adjuYtmeni. :"1 8 determined by the Board . Effective January I , 2000, all members and beneficiaries whose paymeuta commenced befoze January 1, 1999, shall receive a three percent (3%) increase in their pension payments subject t,, future adjustment as determined by the board. ~ 3-4-1-0-8 : DEFERRED RETIREMENT OPTION PLAN (DROi'j : A. Effective date. Notwithstanding Subsection~ 3-4-2-2(L), hereof, the provieions contained in this Subsection~ 3-4 -7-8, hereofahall be effective on Oct,,ber I , 1999. B. Title. The program provided in this Subsection~ 3-4-7 -8, hereof, may be referred t,, as the "drop ." C. Applicability. The provisione of this Section are applicable with respect to thoee otherwise eligible members of the plan whose election t,, participate in the drop occurs on or after the effective date contained in this Subsection ~ 3-4-7-8(A), hereof. An "eligible member" is any member who baa attained the normal retirement date m accordance with Subsection 3-6-ll-ifl') 3-4-2-2('1'), hereof or the special early retirement date \n accordance with Subsection~ 3-4-6-2B . A "participating drop member" is any eligible member who has electd to 11articipate in the drop as provided by this Subsection ~ 3-4-7-8 , hereof. D . Purpose. The purpose of the drop is to allow an eligible member to elect, in lieu of immediate terminetion of employment and receipt of retirement benefit or pension, to continue employment for a specified period of time and to have the eligible member's retirement benefit or penaion paid into the drop account until the end of such specified period of the participating drop member's participation , at which time employment is to cease. An eligible member must choose the retirement benefit provided in Subaection,'!-6-H 3-4-7-1 , hereof, or one of the retirement options provided in ~::-:ti.o n -3,,6-8, 3•4 •8, hereof, at the same time the eligible member elects to participate in the drop. E. Participation. An eligible member may participate in the drop only once . An eligible member who has reached normal ret.i.J.·~ment age must elect to participate in the drop within ninety (90) days after the later of attainment of normal retirement age or the effective date of the drop . An eligible member may elect t,, participate in the drop upon filing of written notification with the retirement board not leas than sixty (60) nor more than ninety (90) daya prior to the date of intended participation. -22- • F. Term. The du.ration 01' a participating drop member's participation in the drop ■hall not exceed a total of three (3) years . As a condition precedent to participation in the drop, th participating drop member ■hall execute an irrevocab!e agreement wit~ the city in the form preocribed by the retirement board, which shall, amont other items, clearly and unequivocally atate that the participating drop member must retire no later than the date prescribed in the agreement which may not exceed the third anniversary of the participating drop member's participation in the drop , and the participating drop member shall alao acknowledge that no dieburaement of any drop funds can occur absent the retirement or death of the participating drop member. G, Interruption of Participation . If the participating drop member's participation in the drop is interrupted by milittll")I service, there shall be no interruption of membership in the drop. such a pa:ticipating drop member's pension shall continue to be paid into the participating drop member' drop account while in the military service for the balance of the three-year maximum term elected by the drop member under Subsection F. H. Effect on Participation in the Plan. Upon commencement of the eligible member's participation in the drop , a member's credited service , final average monthly compenaation and accrued benefit shall be frozen . A participating drop member shall not share in any subsequent formula improvementa. however, a participating drop member shall share in any ad hoc increase granted to retireJ members. I. Contribution. Upon commencement of the eligible member's participation in the drop , the retirement l,mefit or pension provided in Section ,a+;: 3.4.7 and Section il-6-& 3-4-8 hen:of, ,hall be paid into the participating drop member's drop account. In no case sh1JI the city contribution, provided for in Subsection 3-6+-i 3.4.5.2 hereof, be wed to fund the drop. Accordingly , amounta transferred or paid to a participating member's drop account shall not constitute annual additior~ under Code Section 415 . J . Administration of Drop Aase ~. Participating drop members may direct their drop money to any of the invest~l'!nt options approved by the board for the drop. There shall be no guaranteed 1u~ ot i.uvesi;nent return on drop deposita . Any loeoes , charges or expenses incurred by the participating drop mr,mber in such member's drop account by virtue of the investment options selected by the participating drop member, shall not be made up by the City or the Plan, but all of same shall be borne by the participating drop member. Transfers between investment options shall be in accordance with the rules and regulations of the drop . A drop account shall be established for each participating drop member. Such drop aa:ount shall be adjusted, 110 less fr equently than annually for contributions , distributions and net investment earnings and loues. K . Regulations . The Retirement Board is authorized to adopt rules and regulations governing the drop. L. Fees . If the drop acc,unt shall be subject to any fees or charges of any kind, such fees or charges &'1all be charged to the participating drop member's account . -23- M. Form of Payment. For purpooes of t.lia SubHCtion U4& 3-4-7-8 benof, a "re1.iree· ii a participatins drop member who term.inatea employment or reacbea the three-year lir~it for participation in the drop. a retiree muat choooe one of tb, following for1r .a of payment from the individual'• drop aCCOW1t: I. Deferred Payment. Diltribution from a drop account may be deferred until a date designated by the retiree . When deaisnatins the date upon which distributions ahall commenc.,, the retiree muat alao desiJnate the form of payment from one of the available options. Resardleaa of the date choeen by the retiree, all diatributions must commence no later than the year in which the retiree attains the age of 70 1/2; 2. Lump Sum. A one-time distribution of the retiree's entire account balance, including a direct rollover under Subsection~ 3-4-17-3; 3. Periodic Payments Designating an Amount. Distribution of the retiree'• account balance by monthly paym•nts in an amount designated by the retiree, until the entire balance of the account ia distributed; 4. Periodic Payments for a Deaignat.ed Period of Time. Monthly payments to the retiree for a ~eriod deaignalA!d by the retiree. The payment will be calculalA!d such that upon the occurrence of the last monthly payment, the entire balance of the account will be diatributed; 5 . Initial Minimum Required Diltributinn. Account balance ii distributed ae periodic payments that are calculated based on the retiree's life expectancy (and the life expectancy of the retiree's designated beneficiary, i£ applicable}; or 6 . Combination of Lump Sum and Periodic Payments. An initial lump aum payment of an amount designalA!d by the retiree, followed by a designation of a number of subsequent monthly payments or an amount payable on a monthly basis. Regardleaa of the form of payment the retiree chooees, the minimum distribution amount will be determined and made in accordance with Code Section 401 (a) (9), and the regulations thereunder, including minimum distribution incidental death benefit requirement of proposed Internal Revenue Code Regulation Section 1.401 (a} (9)-2, (published in the Federal Register on July 27, 1987). The minimum distribution is recalculalA!d annually on the baaia of the life expectancy of the retiree and the retiree's desil,J18ted beneficiary, i£ applicable . If elected in writins before the required beginning date un-!er Code Section 401 (a) (9), by the retiree, and/or the retiree's spouse, if ,pplicable, the life expectancy of the retiree and/or the retiree's spouse shall be recalculated annually. If the retiree makes no selection aa to form of payment within thirty (30) days of termination of employment or expiration of the three•year limit for participation in the drop, a lump sum payment shall be made . N. Participating Drop ~!ember's Death: Spousal Beneficiary. If the participatins drop member dies during the period of the participating drop member's -24- participation in the drop and the participatin( drop member'• dellignated beneficiary ia the participotin& drop member'• surviving spoUH to whom the ~articipatin( drop piember was legally married at the time of the pA\'ticipatin( drop member'• death, the participating drop member'• deaicnated beneficiary ahall receive, at the beneficiary'• optio.,, a lump sum payment from the deceaaed participatin& drop member's individual drop account balance or equal monthly inatallment payments from the deceaaed participating drop member's individual drop account over o period not to exceed the apo118e 'a life or life expectancy . ifno selection ia made by the deaignated beneficiary within sixty (60) days of de ath of the participating drop member, a lump sum payment shall be made. 0 . Participating Dr op Memb er's Death; Non-spo111al Beneficiary . A married participating drop member may designate someone other than hie spouse to be a primary beneficiary, provided spo111al consent aa prescribed in Subaection ~ 6-a.4 3-4-8-7, hereof, ia obtained. if the participating drop member diea during the period of the participating drop member'a participation in the drop, and the participating drop member'a deaignated beneficiary ia someone other than the participating drop member's surviving &po118e to whom the participating drop member was legally married at the time of the participating drop member's death, the designated beneficiary shall receive a lump aum payment equal to the deceaaed participating drop member'a individual drop account balance. P . Participating Drop Member'• Death; No Deaignated Beneficiary. If the participating drop member dies during the period of the participatin( drop member'• participation in the drop, and the deaignated beneficiary haa not aurvived the participating drop member, the participating drop member's estate ahall receive a lump sum payment equal to the deceased participating drop member's individ118l drop account balance. Q. No Impact of Drop Participation on Other Death and Diaability Benefits. Drop participation ahall not affect nny other death or disability benefit provided to a member under federal law, state law , city ordinance , or any rights or benefits under any applicable collective bargaining agreement. R. Retroactivity (Back-Drop). For purpoaes of this Subaection ~) 3-4-7-S(R), "retroactive participation date" meana January I , 1999, or such later date aa wollld have been on or after an eligible member'a retirement date, but prior to the effective date of the drop, and which was selected by the eligible member to commence participation in the drop . Notwithatanding Subaection 3-6+!!(,\-) 3-4-7-S(A), hereof an eligible member who wollld have q11Blified for the drop on hia retroactive participation date, had the drop been in effect on that date, may elect to have hia individual drop account credited with a one-time lump sum payment . Such one -titi:i e lump sum payment shall equal the aum of the number of pcnaion payments which wollld have been payable prior to the effective date of the drop , had they commenced on the member's retroactive participation date, a-edited with interest using the actuarial interest rate aasumption provi ded in Subsection ~ 3-4 -2-2(C), hereof. Such lump sum payment shall be made as aoon as administra tively feasible a!t,.r the effective date of the drop . If a participating drop me mber elects to -25- have the one-tirue lump 1u01 payment deposited into bia drop account, the three -year period specified in Subaection~ 3-4-7-8F, hettaf, will beain to run, not on the date of such ele ction, but on the participating drop member'• retroactive participation date. S . Fiduciary Liability: The drop is intended to follow Section 404 (c), of the Employee Retil-ement Income Security Act of 1974 and the applicable Department of Labor Regulations. Fiduciaries of the Plan may be reliaved of liability for any losses which are the direct and necessary result of innatment instructions given by a participant. ~ 3-4-8: OPTIONAL FORMS OF BENEFITS : 3-6-&-l 3-4-6-1: GENERAL : Subject to such uniform rules and regulations •s the retirement board may preacribe and the restrictions contained in tbia Sectionll-6-3 3-4-8 hereof, a member or vested member may, in lieu of the baaic retirement be,efits provided in Sectionll-64 3-4-7 hereof, elect one of the following forms of retirement benefits which shall be the actuarial equivaleo'; of the benefit to which be would otherwise be entitled. The member or vested .nember muat take any election of an optional benefit in writing, and aucb election must be filed with the retirement board at leBBt thirty (30) days prior to the due date of the first payment of retirement benefits under the plan. The election of an option may be changed at any time prior to thirty (30) days preceding the due date of the lint payment of retirement benefits under the plan. How ever, an optional form of payment may not be elected unless the value of the payments expected to be paid to the member exceeds fifty percent (50%) of the va lue of the total benefita to be paid under ouch optional form . 3-6-8-a ~2: QUALIFIED JOINT AND SURVIVOR BENEFIT OPTION: The Qualified Joint and Survivor Benefit option provides an adjusted monthly Retirement Benefit payment during the Retired Member's life; and the spouse (to whom the Member waa married when bia Retirement Benefit commenced), if surviving at the Membere death, aball receive thereafter for life a monthly Retirement Benefit of fifty percent (50%) of the adjusted monthly amount pai<. to the Member. Within a reasonable time before the Member's Retirem•nt Benefit co mmencement date hereunder, the Retirement Boan! shall provide to the Member a written explanation of the terms and conditiona of the Qualified Joint and Fifty Percent (50%) Survivor Benefit aet forth herein and the effect of refusing it. If on or after January 1, 1987, the Employee wiahea to elect a form of payment other than the Qualified Joint and Survivor Benefit (described in this Section), such election will not become effective unleY bis apouae (if he has a spouse who can be located) consents in writing to such election. acknowledge s the effe ct of such election and ha■ such consent and acknowledgment witnessed by a Plan re presentativ e or a notary public . A properly completed benefit election form (furnjshed by the Retirement Board) muat be returned to the Retirement Boan! within ninety (90) day s prior to the Member's benefit commencement date . If the Member £ilea another election form after the ,;.u Llel" form and prior to his benefit comm encem ent da te , the earlier Corm ahall be annulled . -26- • • • 3-4-8-& M-8-3: ONE HUNDRED PERCENT JOINT AND SUllVIVOll BENEFIT OPTION: The one hundred percent (100%) Joint and Survivor Benefit option provide• adjuated monthly Retirement Benefit paymento during the Retired Member'• life, and upon hie death alt,r retirement, continue paymento in the oame amo,·nt to a daaigMted Beneficiary during the life of such Beneficiary. 8-8-M S+ll-4: FIFTY PERCENT JOINT AND SUR .. IVOR BENEFIT OPTION: The fifty percent (50%) Joint and Survivor Benefit option provides reduced monthly Retirement Benefit paymento during the Retired Member's life, and, upon his death after retirement, continues payment in an amount equal to one-half (1/2) of the amount of such reduced paymento to a designated Beneficiary during the life of such Beneficiary. Payment shall be continued to the designated Beneficiary for life. 3-&-U 3-4-8-6: FIVE YEAR CERTAIN AND LIFE BENEFIT OPTION: The five (5) Year Certain and Life Benefit option provides adjusted monthly Retirement Benefit paymento during the Retired Member's life, 11nd upon his death after retirement within the sixty (60) month pericx!, paymento shall be continued to the designated Beneficiary for the balance of the sixty (60) month period. ~ 3-4-8-6: LIFETIME BENEFIT OP'l'ION: The Lifetime Benefit option provides increased monthly Retirement Benefit pa.)'Dlento during the Retired Member's life with no continuations of payment after his death. ~ 3-4-8-7: BENEFICIARY: The Member er Vested Member must designate his Beneficiary in writing. If on qr after January I , 1987, a married Member or Vested Member wiaheo to designate someone other than his spouse to be a primlll')' Beneficiary (or wishes to continue, after January I, 1987, such a designation made prior to January 1, 1987), such designation will not become (or continue to be) effective unleaa his spouse (if his spouse can be located) conaento in writing to such des:gnaticn (or form ofbenefito) which may net be changed without spousal conaent (or the consent of the spow.e expreaaly permits designations by the Member or Vested Member without any requirement of further conaent by the opouae), acknowledges the effect of such designation and has such consent anJ acknowledgment witnessed by a Plan representative or a notary public. Such designation shall be made in writing upon a fo rm provided by the Retirement Board and shall Ix, filed with the Retirement Board. The last such designation fi le d with the Retirement Board shall control. 3-&-11-& M-3-8: MINIMUM MONTHLY PAYMENTS : if the monthly benefit to which any Men,l>er, Vested Member or Beneficiary shall become entitled under the Plen 11hall be leaa than one hundred dollare ($100.00), the Retirement Board shall have rhe right to direct that the Actuarial Equivalent of such benefit shall be paid in a lun:;, sum or in inatallments at such intervals Bl will result in each payment amounting to at least one hundred dollars ($100.00). -27- Mo& S-4-9: DEATH BENEFITS: ~ 8-4-9-1 : DEATH OF AN ACTIVE MEMBER 1~TH FIVE (o) oa MORE YEARS OF SERVICE: If an active Member dies after completing five (5) or more years of "8rvice, 1 ~• surviving spoW1e shall receive fifty percent (50%) of the Member'r, accrued benefit for one hundred twenty (120) months certain and life thereafter. HOJwever , if the spoW18 is more than five (5) years younger than the Member, the monthly benefita will 1'"_ reduced by one and one-half percent (1.5%) for each year that their difference in age exceeds five (5) years. If the Member is not survived by a spoWle , his de.•ignated beneficiary shall receive fifty percent (50%) of the Member's monthly acrrued benell.t for one hundred twenty (120) months certain. If the Member is not sU?'lived by a designated Beneficiary, the one hundred twenty (120) monthly payments shall be computed and pai~ in a single sum to the Member's estate. The payment to the surviving spouse or designated Beneficiary will commence on the first day of the month following the date of the Member's death, or if later, the date the Member would have attained age fifty-five (55). If a Member's death occurs prior lo his fifty -fifth (55th) birthday, the Retirement Board may elect, with the consent of the Member's spoW18, designated Beneficiary or estate to pay the spoW18, Beneficiary or estate a single sum payment at the time of the Member's death, equal to th• Actuarial Equivalent of the payment due when the Member would have atteir.ed age fifty-five (55). ~ S-4-9-2: DEATH OF A VESTED OR DISABLED MEMBER PRIOR TO COMMENCEMENT OF PAYMENTS: In the event a Vested Member er a disabled Member dies prior to the commencement of payments from the Plan, the surviving spouse shall receive fifty percent (50%) of the Member's Accrued Benefit for one hundred tw enty (120) months certain and life thereafter. However, if the spouse is more than five (5) years younger than the Member, the monthly benefit will be reduced by one and one -half percent (1.5%) for each year that their difference in age exceeds five (5) years . If the Member is not aurvived by a spouse, his designated Beneficiary shall r.ceive fifty percent (50%) of the Member's monthly Accrued Benefit for one hundred twenty (120) months certain. If the Member is not survived by a design•ted Beneficiary, the one hundred twenty (120) monthly payments shall be computed and paid in a sin11le sum to the Member's estate. The payment to the surviving spouse or designated Beneficiary will commence on the firat day of the u•onth following the date of the Member's death, or if later, the date the Member would have attained fifty -five (55). If a Member's death occurs prior to his fifty -fifth (55th) birthday, the Retirement Board may elect, with the consent of the Member's spouse, de signated Beneficiary or estate to pay the spouse, Beneficiary or estate a single sum payment at the time ofthe Member's death, equal to the Actuarial Equivalent of the payment due when the Member would have attained age fifty .fiv e (55 ). U-&-3-S-4-9-3 : DEATH OF AN ACTIVE MEMBER BE'lWEEli" NORMAL AND DELAYED RETIREMENT DATES: In the event a Member continues in City employment after his normal retirement date and dies before actually retiring, then he shall be deemed to have retired on the firat day of the calendar month in which he dies. If an optional form or payment has been elected, the death benefit, if any, shall be determined by the option elected. If no optional form of payment has been elected, the Member's monthly Accrued Benefit -28- • shall be paid to his eurviving spouee for one hundred twenty (120) n.onlba certain. I! the Member is not survived by a spouse, hia designated Beneficiary sh.ill receive one hundred percent (100"') of the Member's Accrued Benefit for one hundrecl twenty (120) months certain. If the Member is not survived by a deeignated Beneficiary, the one hw,'red twenty (120) monthly payments shall be computed and paid in a aingle sum to the Member's estate. Death benefit payments shall commence on the first day of the month following the Member's death. 3-6-M 3+11-4: DEATH OF A RETIRED MEMBER OR BENEFICIARY: In the event a Retired Member or Beneficiary dies while receiving Retirement Benafit payments, the death benefit, if any, will be determined by the form of Retirement Benefit being paid. In the event that no deaignated Beneficiary is living at the death of such Retired Member and term certain payments are due, the Actuarial Equivalent value of the monthly installments for the balance of I he term certain will be computed and paid in one sum to the estate of the Retired Member. I{ at the death of the last surviving Beneficiary following the ~eath of the Retired Member, monthly installments have not yet been paid for the full period of the term certain, the Actuarial Equivalent value of the instal!ments for the balance of the term certain will be computed and paid in one sum to the estate of the laat aurviving Beneficiary. M-11-6 3+9-6: SUPPLEMENTAL DEATH BENEFIT FOR MEMBERS HIRED PRIOR TO JANUARY 1, 1976: In addition to the death benefit provided in Subsections 1, 2 and 3, of this Section 9, liereeE, a lump sum supplemental benefit ahall be payable to the designated Beneficiary of any active M, ober, Vested Member or disabled Member who dies prior to the commencement of retirement benefit pa yments from the Plan. The s upplemental death benefit eh:ill be equal to the amount of accumulated contributions as of hia date of death plus two percent (2%) of the compensation received by him subsequent to December 31 , 1975 and prior to Janwuy 1, 1983. If such Member is not survived by a designated Beneficiary, the lump sum payment shall be made to his estate. 3-6-9-& 3-4--S~: UNIFORM SJMl'LTANEOUS DEATH ACT: The provisions of any State law providing for the distribution of estates under t l,e Uniform Simultaneoua Death Act, when applicable, shall govern the clistribution of death benefits payable unJer thia Plan. 3-6-4& 3--4-10: SEVERANCE BENEFITS: ~ 3--4-10-1: COVERAGE: Benefits shall be paid to a Member under this Section 3-6-10 hereof if his employment t...•rminates for re11.sons other than retiremtnt. Disability or death . ~ 3--4-10-2: LESS THAN FIVE YEARS OF rREDITED SERVICE: Should a member'a employment with the C.ity t.erminate for reaeons other than retirement, Disability or death prior to hls Normal Retirement Date and prior to hia completion of five (5) years of Credited Service, the only benefit to which he ahall be entitled under thia Plan shall be : A. The amount of hia Accumulated Contributions, if any, plua B. Two percent (2%) of the Compe11111tion received by t he Member subaoq,-nt to December 31 , 1975 and prior to January 1, 1983. 3-6-¼e-& 3+10-3: FIVE OR MORE YEARS OF CREDITED SEllVICE: Should a Member'• employm,•nt with the City terminate for rea10ns other than retirement, Disability or death prior to his Norm•! Retirement Date with five (5) or more years of Credited Service, he may elect either: A. To le ave hia Accumulated Contributions on depoait in the Retirement Fund and become a Vested Member ; or B. To receive, in lieu of all other benefita, a refund of hia Accumulated Contributior.• plus two percent (2%) of the Compensation received by him subeequent to Deoember 31, 1975 and prior to January 1, 1983. If such a Member fails to elect either of the above within ninety (90) day■ after hia date of termination from the Plan, then he shall be deemed to h ave elected to leeve hia Accumulated Contributions on depoait and become a VeiJt<,d Member. A Veated Meruber shall be entitled to a defem,d retirair.ei,t Benefit which shall be one hundred reroent (100%) of his Accrued Benefit on the date of his termination of membership in the Plan. Such deferred Retirement Benefit shall commence on the first day of the next month following the Veoted Member's Normal Re tirement Date. In lieu of raoeiving the deferred Retirement &nefit upon his Normal P.etirement Date, •.he Vested Member may elect to reoeive a reduoed Retirement Benefit beginning upon the first of any month subeequent to hia a ttainment of age fifty-five (55). The reduction shall be one-fourth of one perce nt (.25%) for each month (three percent [:i%] per yaar) by which payments co mmence prior to the first of the month following hia Normal Retirement Date. A Vested Member may elect at any time prior to his Normal Retirement Date to receive, in lieu of all other benefite under the Plan and provided benefit payments have not yet commenced, a refund of hia Accumulated Contributions, if any, as of the date of the refund plus two percent (2%) of hia Compenaation re ceived subsequent to Dece mber 3 1, 1975 and prior to January 1, 1983. 3-6-¼¼ 3-4 -11 : ADMINISTRATION OF THE PLAN: ~ 3-4-11-1 : RETIREMENT BOARD: There is hereby creatod a board to be known a• the "Retirement Board of the City of Englewooo," which shall be comp ose d of seven (7) member s . One (11 o,cm be r ahall be a n elect,,d member of the City Co uncil who shall be r,lected by a majority of the members of Ci ty Council . One (1) membe: s hall be the 1,u-ector of F ina ncial Servicea appointed by the City Manager. 'l'wo (2) members •hall be employee, of the City who are Members of t he Plan, who shall be ,elected by • vote of all such Members "' accordance w1th auch P"""'d111-ea aa the City Manager may adopi, from time to (.au .. Three (2) members shall ,.., taxpaying electors of the City who shall be eelectad b•· a -30- • • • majority of the members of the City Council . In addition, the City Mana11er, or hia deaignee , ■hall serve in an advisory capacity, as an ex official , nonvoting member . Membera of the Retilement Board shall be a ppoir.ted for four (4) year terms, provided the said member continue■ to posae .. the qualifications provided herein during the member's term and, further provided that: A. The Counctl ml!mber shall sene during hia term of office as a Council znember; and B. The Director of Financial Services shall serve during his tenure in oftke ao 1ucb Director. Should a va cancy occur in the me mbers hip of the Retireme nt Board, the same shall be filled for the duration of the unexpired term only, in the same manner as provided herein. Prior to en te ring upon the performance of th e duties of a member of the Retirement Boa rd, each member thereof aball take and subacribe an oath tha t he a ccepts the obliga tions imposed upon him by the provisions of thia Plan and that be shall faithfully perform the dutiet of such offu:e. Five (5) me mbers of the R,,ti :ement Board shall constitute a quorum. All actions taken by the Bond shall bo approved by a majority vote of a quorum of the Retirement Board members. All actions, decisions and determinations of the Board shall be recorded in the minutes of the Retirement Board and, unless inconsistent "ith the provisions of the Plan. shall be binding and conclusive upon all in +.erested parties. No member of the Bo, .rd shat receive comp ensation for his service on the Board but a member .nay be reimbursed for reasonable expenoes incurred in co nnection with his duties as a member of the Board. 3-41-H-a 3-4-11-2: MANAGEMENT OF THE PLAN: In addW~n to the powers and obligations imposed upon the Board as Trustee purauai.. t.o Subsec~ion~ 3-4-12-1 hereof, the Retirement Board shall have all powers necessary to e ffect the management and administration of the Plan in accordance with its termJ , including, but not limited to , the following : A. To •stablish rules and regulations for the administration of the Plan, for managing and diacharging the dutie s of the Board. for the Board's own government ar.id procedure in so doing, and for the preservation and the protection of the Fund. B. To interpret the provisions of the Plan and to determine any and all queatione arisinc under the Plan or in connection with the administration thereof. A record of such action and all ~~},er met•~~"' properly coming before the Board shall be kept and preserved. C. To determins all matters affecting the eligibility of any Employe, to be or become a Member of the Plan. -31 - D. To determine the amount of the Member'• contrib1>tiom to be withheld by the City in accordance with the Plan and to maintain ouch record, of Accumali,ted Contributions aa are neceasary under uid Plan. E. To determine the Credited Service of any Member and to compute the amount of Retirement Benefit, or other sum, payable under the Plan to any pen,on. F . To a uthorize and direct all di■buraements of Retirement Benefits and other aums under the Plan. G. To employ auch co unsel and age nts and to obtain ouch clerical, medical, legal and actuarial services as it may de em necessary or appropriate in carrying out the proviaions of the Plan. H. With the advice of its actuary to adopt, from time to time for purpooe■ of the Plan, such mortelity and other tables as it may deem necessary or appropriate for the operation of the Plan. I. To make or arrange for valuations and appraisals of f'und assets held under the Plan, and, with the advice of the actua ry, to determine the liabilities of the Plan. J . To hold aaaets of the Plan in a special account entitled "Retirement t Ian Fund," and inveat and reinvest the same and to make ouch withdrawals therefrom 88 are authorized by the Plan for the payment of Retirement Benefits and the expenaee of the Br,,ud and the member■ thereof. K. To create reserves from such assets for any purpose . L. To maintain such records ond accounts and to render auch financial statements and reporte as may be required by the City Council. M. Ta authorize one or more members of the Retirement Board to sign all legal doc1U.~ents and reporte on behalf of the Retirement Board . N. To perform such othes duties as may be required of a Plan Adminietrator under the applicable lawe and regulatione. M-H-3-3-4-1-3: MISCELLANEOUS: All proper expenee incurred by the Retirement Board in the adminietration of the Plan, if not paid by the City, shall be paid from the Fund when authorized by the Retirement Board. The Retirement Board shall have no power to add to , subtract from or modify any of the terms of the Plan, nor to cha nge or add to any benefits provided by the Plan, nor to waive or fail to apply any requirements of eligibility for Retirement Benefits under the Plan. A member of the Retirement Board ehall not vot.. 0 ~ BLY m•tter relating ■olely to himeelf or to his rights or benefits under the Plan. If a Bo•n , mewl.er ia 10 diequalified to act and the remaining membere cannot agree , the City Council ■hall appc,int a temporary substitute member to exercise all the powers of the disqualified member concerning the matter in whici, he ia disqualified. -32- • • The decision of the r_., L"'U1ent Board und any action taken by it in respect to the management of the f'!&:, ,hall be conclusive and binding upon any and all employees, office r., f '"•" •mployees and officers, Members, Retired Members, Vested Members , then : ,neficiaries, heira, diatributees, executors, administrators and aNigna and uron a•. ·ther persons whomsoever, but the Board at all times shall act in a uniform ar:d nondiscriminatory manner. Neither the establishment of this Plan nor any mod if. --ut:i ons there of or any action taken thereunder or ~my omission to act, by the Rl"\L : ~. the City Council or any of their members ahai! be construed as (living to any :.!ember or other person any legal or equitable ri&ht against the City or any officer or em ployee thereof or againat thr Retirement Board, the City Council , or any of their members. ~ 3-4-12: RETIREMENT PLAN TRUST FUND : ~ 3-4-11-1: APPOINTMENT OF TRUSTEE: The Retirement Board of the City, and its members, ere hereby appointed and constituted Trustee of the Retirement Plan Fund and ahall hold, manage and control the same in accordance with the provisions herein contained. 3-&-lM 3-4-12-2: THE TRUST FUND: All City and Employee contributions and all investments thereof, together with all accumulations, accruals , earnings and income with respect thereto , shall be held by the Trustee in trust hereunder aa the Truet Fund for uae in providing tho benefita under the Plan. No part of the said corpus or income shall be used for or diverted to purposes other than the exclusive benefit of the Membera, Retired Members, Vested Members, their Beneficiaries or estates under the Plan, prior to the satisfaction of all liabilities hereunder with respect to them, except ouch funds which, upon termination of the Plan, are in excess of the amount required to fully fund the Plan and are due aolely to erroneous actuarial assumptions. No person shall have any intereat in or right to any part of the aBSets of the Fund except as and to the extent expressly p:ovided in the Plan. --S-4-12-3: PURPOSES AND AUTHORITY OF THE TRUSTEE: It is the purpose and intent of the City in constituting and appointini the Retirement Board as Trustee of the Trust Fund to give the Retirement Board full power to establish such inveatment or purchasing programs as the Retirement Board may deem necessary or appropriate to provide assurance that there shall be an adequate source for the payment of all benefits provided herein. The Trustee, however , ab.1U not be responsible for the collection of any City or Employee contributions. In serving as Trustee , the Retirement Board may determine to : A. Use the Truat Fund for the purchase of one or more group ·1nnuity, or other, insurance policies from one or more Insurance Companies authorized to do buaineSB within the State of Colorado, whereby said Inaurance Company agrees to pay all or a portion of the benefits herein provided for: or B. Contract with a commercial ba nk, chartered under either the statutes of the State of Colorado or the Unite d States of America and doing buaineaa within this State, with a trust comp,,-.,· organized pursuant to the atatutea of the State oi Colorado and doing b1 1,,tn ••• ,vitbin tlua State, or with a member of -33- the New York Stock exchange or the American Stock Excbanp, dOUlf buaineu within this State, to have any of such partiea invest fund1 on behalf of the Trultee; or 11 • C. Directly invest the assets of the Trust Fund; or D. Establish an investment program, partly funded by insurance and partly funded by investments; or E. Retain on a discretionary basis an investment advisor licensed a■ such under the United States Investment Advioor'e Act of 1940, which investment adviaor is also an investment counsel aa defined in said Act . --8-4-12-4: INVESTMENTS: In serving as Trustee, the Retirement Board shall be authorized and empowered, in its sole discretion, to invest and reinvest the Trust Fund as follow■: A. Assets of the retirement fund (other than assets of the drop accounte) shall be invested in accordance with Colorado Revised Statutes Section 15-1.1.-102, under the Uniform Prudent Investor Act. B. Aeaets of the drop a,,::ounts shall be invested in accordance with Col~tado Revised Statutes Section 24-54-112 (3) (c). 3-4-1-U S-4-12-6: TRUSTEE'S POWERS: Subject to the provisions of Suboectiona-3-6-Hl-3 3-4-12-3 and~ 3-4-12-4, hereof, in ita investment and administration of the Trust Fund, the Trustee is authorized and empowered with respect to any securities or other property held in the Trust Fund: A. To sell, exchange, convey, transfer, lease for any period, pledge, mortgage, grant options , contract with respect to or otherwise encumber or dispose thereof, at public or private aale, for cash or uppn credit or partly for both, and no pereon dealing with the Truatee shall be bound to eee to the application of the purchase money or to inquire into the validity, expediency or propriety of any such sale or other disposition. B. To sue, defend, compromise, arbitrate, compound and settle any debt, obligation or claim due it as Trustee or any other suit or legal proceeding involving the Trust, and to redue,, the rate of interest on, to extend or otherwise modify, or to foreclose upon default or otherwise enforce any such debt, obligation or claim. C. To give general or specific proxies or powers of attorr,ey with or without powf.:- of substitution. D. To vote in person or by proxy on any stocko, bonds or other securitie1 for the convereion thereof into other atock.a , bonda or securities , or to depoait them in any voting trust or with any protective or like committee or with a truatee or depooitories designated thereby, or to exercise any rights to subscribe for additional 1tocb, bonds or other oecuritie1 and to make any and all neceuary paymente therefor, and to join and participate in or to dissent from and oppose -34- • any reorganization, recapitalization, consolidation, 1,qui~•,tion, sale or merser of corporations or propertie1 in which it may be intc:-ested a1 Trustee, upon such terms and condition& aa it may deem wise. E. To register any securitiee or other property in its own name or in the name of ite nominee, with or without the addition of worda indin tinc that such securities are held in a fiduciary ca pacity, or to hold any securities in boarer form, but the books and recorda of the Trustee shall at all times show that all such investments are part of the Trust Fund . F. To retain, maDBge, operate, repair, improve, partition, dedicate or otherwise deal with any real estate held by it. G. To retain uninvestel. such cash as it may deem neceasary, without obligation to pay interest thereon. H. In general. to exercise all powen in the management of the Trust Fund which any individual could exercise in the management of property owned in his own right. Neceooary parties to any accountini, litigation, or other proceedings shall include oDly the Tru:tee and the City Council, and the settlement or julii!Dent in any ouch case in which the City is duly served or cited shall be bindini upon all Members, Retired Members, Vested Members, or Beneficiaries under the Plan, and upon all persona claiminr by, through or under them. 3+¼M 3-4-lU: ADMINISTRATION OF THE TRUST FUND : The Trustee shall pay or distribute all Plan benefit& from the Trust Fund in ouch form , in such amount.a , at such times and to such payees Bl may be authorized by the Retirement Board. The Trustee may employ suitable agents and counsel. The expenoeo incurred by the Trustee in the performance of ita duties hereunder and all proper charges and disbursements of the Trustee, including all taxea lawfully assessed upon or in respect of the Tn!Bt Fwid or ita income, shall be charged and paid by the Trustee from the 1/und. No member of the R.,tirement Board , 88 Trustee, shall receive compensation for iris services 88 such but shall be entitled to be reimbursed for any expenses incurred by him on behalf of the Trust Fund to the extent that ouch expenses are not paid by the City . The Trustee shall keep detailed, accurate accounts of all investment&, receipt& and disburoementa and other transactions hereunder. All accounts, booka and recorda relating thereto shall be open to inspection by any person designated by the City at all reasonable times . The Trustee shall maintain such records, make such computations and perform such ministerial acta as the City from time to time may request. On or before August I and February I of each year, the Trustee shall file a report with the City in such form 88 the City may request . This report shall show all purchases , sales, receipts, disbursements and other transactions effected by the Trustee durini the six (6) month period for which the report is filed . It shall contain an exact description , the cost value as shown on the Trustee's books and the market value ae of the end of ouch period of every item then held in the Trust Fund. The Trustee shall be forever relieved from all liability to the City, the Fund, and any Member or Beneficiary with respect to the propriety of any of its acta or tranaactions -3S- ■hown in ouch report unleBB within ninety (90) daya after the receipt of auch ~port, the City givoa the Trustee written notice of ite objection or objections to any matter aet forth therein . The Trustee shall not be liable, either aa a body or individually, for the making, retention , or sale of any investment or reinvestment made by it or originally received by it aa herein provided nor for any expense or liability, hereunder, nor for any lou to or diminution or th e Trust Fund unlesta due to or arising from its own gross negligence , misconduct, diahoneaty or lack of good faith. The Trustee may consult with counael and shall be fully protected in acting upon the advice of counsel. UnleBB otherwise advised, the Trustee may assum e that the Plan at all times qualifies under Internal Revenue Code Section 40l(a) and that the Trust hereby eatabliahed is at all times tw<-exempt under Internal Revenue Code Section 50l(a), aa amended, or a successor provisions. The Trustee shall have no res ponsibility for the accuracy of any information furnished it by the City . ~ 3-4-12-7: REMOVAL OF TRUSTEE: Nothing herein shall be construed ro prohibit the City Council from removing the Retirement Board aa Trustee of tho Retireo•.ent Fund by appropriate amendment to this agreement. Upon removal of the Trust, e, the City Council a hall appoint a aucceaaor Trustee or Funding Agent. Upon lelivery by the removed Trustee to ite aucceaaor of all property of the Fund, leas : uch rearonable amount as it shall deem necessary to provide for it.a expenses, and , ny taxes or advances chargeable or payable out of the Fund, the succeaaor Tru tee or Funding Agent a hall thereupon have the powers and duties as are conferre I upon it by the Trust Agreement or group annuity contract. No aucceaaor Trust "' or Funding Agent shall have any obligation or liability with respect to th(? aci;:1 or omission of its predecessors . 3-&-½I S-4-13: RETIREMENT BENEFl1S AND RIGHTS INALIENABLE: ~ 3-4-18-1: INALIENABILITY: Members , Retired Members, Vested Members and their Deneficiariea under the Plan are hereby restrained from selling, tramferring, anticipating, aaaigning, hypothecating, or otherwise diapoaing of their Retirement Benefit, prospective Retirement Benefit, or any other rights or interest under the Plan, and any attempt to anticip&te, assign, pledge, or otherwise dispose of the same shall be void. Said Retirement Benefit, prospective Retirement Benefit and rights and intereata of aaid Members , Retired Members, Ve•ted Members or Beneficiaries shall not at any time be subject to the claims of creditors or others for liabilities or torts of aaid Members, Retired Members, Vealed Members or Beneficiaries. nor be liable to attachment, execution, or other legal process . Notwith•!anding the foregoing , the Retirement Board may approve payment. A. Asaignmenta for : Child Support purposes provided for in C orado Revised Statutes Sections 14-10-118 (1) and 14-14-107, as they existed prior to July 1, 1996 . B. Income aaaignmenta for Child Support provided for in Colorado Revised Statutes Section 14-14-111.5 . C. Writa of garnishment that are the result of a judgment taken for arrearage& for Child Support or for Child Support debt, and -36- • D. Payments made in complianc• with a prol,l'!rly executed and certified court order approving a written agreement dividing retirement benefits between a member and an al\: ,iate payee f'dro"), entered into pursuant to Colorado Revised Statutes 14-10-113 (6). 3-6-H-1 8-4-18-2: BANKRUPTCY: If any Member, Retired Member, Vested Member or Beneficiary shall become bankrupt or attempt to anticipate, aHign or pledge any benefite under the Plan. then such benefits shall, in the discretion of the Retirement Board, cease, and in that event the Retirement Board shall have authority to cause the same, or any part •.hereo f, to be held or applied to or for the benefit of ouch Member, hls spouse, hls chiHren, or other dependents, or any of them , in such manner and in such propo1tions as the Retirement Board may deem proper. ~ 3-4-14: MODIFICATION OR TERMINATION OF PLAN: 3-u-1+-1-3J~14-l: EXPECTATION: It is the expe.,tation of the City that it will continue thls Plan and the payment ofita contributions hereunder indefinitely, but continuance of the Plan is not aasumed as a contractual obligation of the City. 3-6-¼+-3 3+14-2: AMENDMENT: The City r eserves the right to alter, amend, or terminate the Plan or any part thereof in such manner as it may determine, and such alteration, amendment or termination shall take effect upon notice thereof from the City to the Retirement Board; provided that no such alteration or amendment shall provide that the Retirement Benef\t payable to any Retired Member shall be leaa than that provided by hls Accumulateri Contributions or ,Hect the right of any Member to receive a refund of hls Accumulated Contributions and shall not directly or indi.-ectly reduce any Member's Accrued Pension. And provided further, that no alteration or termination of the Plan or any part thereof shall permit any part of the Fund to revert to or be recoverable by the City or be ueed for or diverted to purposes other than the exclusive benefit of Members, Retired Members, Vested Members or Beneficiaries under the Plan, except such fonds , if any, as may remain at termination of the Plan after satisfaction of ill liabilities with respect to Members, Retired Members, Vested Mem~ers and Beneuciaries under the Plan and are due aolely to erroneous actuarial assumptions. Further, no amendment shall cause the elimination of an optional form of benefit nor the elimination or reduction of an early Retirement Benefit that continues after retirement . 3-6-½+3 3-4-14-3 : APPROVAL UNDER THE INTERNAL REVENUE CODE: The Plan is intended to comply with the requirements of the applicable provisions of Internal Revenue Code Section 401(a}, as now in effect or hereafter amended, and any modification or amendment of the Plan may be made retroactive , aa necessary or appropriate , to establish and maintain such compliance. -37- 3-&-¼++ U-lU: DISCONTINUANCE: The City reserves the right at any time and for any reaaon satisfactory to it I\> discontinue permanently all contributions under this Plan. Such ,llir,,ntinuance aball be deemed to be a complete termination of the Pinn. 3-6-¼H 3-4-14-6 : TERMINATION: In the event of a partial or complete termination of the Plan, the Accrued Benefits up to the dare of termination b·· the affected Employees and their Beneficiaries shall be nonforfeitable and all affect d funds shall be allocated to affected Members, Retired Members, Veered Members and Beneficiaries on the following priority basis of: A. An amount equal to the Accumulated Contributions, or balance thereof, which would be payable to the Members, Retired Membera, Vested Members or Beneficiaries should death occur on the date of the termination of the Plan. B. An amount of the remaining assets equal to a pro rata portion determined on the baais of the ratio that the actuarial reserve for his Accrued Benefit minus the amount in A. above credited to him bears to the total cf such actuarial reserves minus the aggregate of amounts allocated under A. above. &-41-U-& 3-4-14.f: DISTRIBUTION: When the assets of the Trust Fund have been allocated as indicated above, the distribution may be made in the form of cash or nontransferable annuity contracta as determined by the Retirement Board , provided that any affected funds remaining after the satisfaction of all liabilities to affected Membera, Retired Membera, Vested Members and Beneficiaries under the Plan may be withdrawn by the Retirement Board from the Fund and refunded to the City. ~ 3-4-lS: RESERVED M-16 3-4-18: LIMITATIONS: ~ 3-4-16-1: REEMPLOYMENT OF FORMER NONVESTED MEMBERS: If a Member's employment terminates prior to his becoming a Vested Memb,r and the Member is subsequently reemployed as an Employee . such Member shall not b, entitled to receive credit for his previous Credited Service under the Plan, except as provided in Subsection~ 3.4.4.3 hereof. 3-6-¼6-1 3-4-16-2: REEMPLOYMENT OF FORMER MEMBERS: If a former Member is reemployed as an Employee of the City, no Retirement Benefit payments shall be made during the period of such reemployment. Upon the subsequent vested termination of employment by such a Member, the Member shall be entitled to receive a Retirement Benefit based on i) his Credited Service prior to the dare of his previous rermination (except Credited Service lost after a five (5) year break under Soosection~ 3.4 .4.3 hereof, and ii) his Credited Service during the period of his reemployment, and iii) in the case of a disabled Member, his Credited Service while disabled. In the case of reemployment, of a former Member who received, prior to -38- • his reemployment, any benefit payments (whether single sum or periodic) with reapect to which Creclited Service is restored hereunder, the Retirement Benefit payable upon bia 1ubae<Juent retirement ahall be reduced by the Actuarial Equivalent of au d1 payments, other than Disability Retirement Benefit payments, be received prior to his Normal Retirement Date, unlesa auch payment was a single sum that waa repaid under Subaectiou ~ 3.4.4.3 hereof. 8-3-lU S-4-16-3 : LIMITATION OF BENEFITS: Effective January 1. 1987 , notwithstandi ng any other provision contained herein to the contrary, the benefits payable to a Member from this Plan provided by City contributions shall be subject to the lia.itatione oflntemal Revenue Code Section 415 in accordance with subsections A and B below : A. Defined Benefit Plan Only. Any annual Pension payable to a Member hereunder shall not exceed the le sser of: 1. Ninety thousand dollars ($90,000.00), adjuated for increases in the coat ofliving, as prescribed by the Secntary of the Treasury or his delegate, effective January 1 of each calendar year and applicable to the Limitation Year ending with or within such calendar year , or, if greater , the amount of straight life , or qualified joint and survivor annuity accrued by the Member as of December 31, 1982, OR 2. On e hundred percent (100%) of the Employee's average earning for the three (3) consecutive calendar years, while a Member in the Plan, in which his earnings were the highest. For purpo11<:s ofthia subsection, earnings for any Limitation Year shall be the Member's earned income , wages, salaries, and fees for profesQ tnnal services, and other amounts received for personal services actually rendered in the course of employment with the City (inclucling, but not limited to, commiaaions paid salespersons, compensation for services on the basis oi a percentage of profits, commi ssions on insurance premiums, tip s and bonuses), provided such amounts are actually paid or includible in gross income during such Year. Earnings shall exclude the following: a. City contributions to a plan of deferred compensation which are not included in the Member's gross income for the taxable year in which contributed or City contributions under a simplified employee pension plan to the extent such contributions are deductible by the Member, or any clistributions from a plan of deferred compensation; and b. Other amounts which received special tax benefits, or contributions made by the City (whether or not under a salary reduction agreement) towards the purchase of an annuity described in lnternnl Revenue Code Section 403(b) (whether or not the amounts are actually excludabl e from the gross income of the Member). This Subsection 2, shall not be effenive for ye ars beginning on and after January 1. 1995. -39 - 3. Except ae provided in Subsection A5 below , which imposes additional limitations on the amounta ~ayable to Memben with leu then ten (10) years of ,ervice, the foregoing limitations shall not be applicable with respect to any Member whose annual Pension under this Retiremant System, and any other defined benefit plan maintained by the E·,nployer, ie lee• •hon !en thousand dollars ($10,000.00), and such Membur hea not at any t\me partici pated in any defined contribution plan (we.thin the meaning of f er.thin 4!6(k) of the Code) maintained by the Elllp!oy, . 4. In the event ,h •ta MeL1ber :.os leas tha n ten (10) years of participation in this Retirem ent System and predece ssor plane hereto, the dollar limitation oth•rwise applicable under Subsection Al above shall be reduce d by multipl};ng such limitation by a fr action . the numerator of which u, the · ober of such Member's years of Plan participation (or part the'<!ol, t never less than one (!), and the denominator of which ia ten (!OJ 11~, paragraph shall, to the extent required by the Secretary of tho 'l\·•a•.._y, be applied separately to each change in benefit structure bere ullder . 5. In the event that a Member has been credited with lees than ten (10) years of service , the percentage-of-averatire-eal'ninga limitation otherwile applicable under Subsection A(2) a bove •nd the dollar amount otherwille applicable under Subsec'lion N :;1 u: ;va ,,i.;! be reduced by multiplying each by a fraction , the numert'tn! ,t wi~, I i•1 the number of such Member's years of service (or y,ar, :.fict'P 1.11), but never le88 than one (1), and the denominator of which lll •,.,. (10,. 6. The limitations of this Section apply to a straight life annuity with no ancillary benefits and to an annuity that constitutes a qualified joint and survivor annuity, provided payment begins between ages sixty-two (62) and sixty-five (65). If payment commences before age sixty-two (62), the foregoing limitations aha!! be reduced eo that they are Actuarially Equivalent to such a benefit commencing at age sixty•two (62). Howe~~r. i he reduction of this paragraph shall not reduce the limitation below seventy-five thousand dollars ($76.000.00!, if payment commences after age fifty-five (55), or below the Actuarial Equivalent of seventy-five thousand dollars ($75,000.00) commencing at age fifty-five (55), if payment commences before age fifty .five (55). If payment commences after age sixty-five (65), the limitation shall be tne Actuarial Equivalent of a ninety thousand dollars ($90,000.00) annual benefit commencing at age sixty-five (65 ). The interest aeeumptio n for purposes of determining Actuarial Equivalency under this paragraph shall be the interest rate otherwise used for purposes of computing optional forms of income payable under the Pl an, but the rate shall not be lees than five pe rcent (5%) annually if benefits commence before age sixty-five (65) and shell not exceed five percent (5%) annually if benefits commence after age sixty-five (65). 7 . For limitation years be gi nning on and after January I , ld95, the provisions of Subsections 4. 5 and 6, of this Subsection~) 3·4· 16 -3(A), shall not apply to disability retirement under Subsections~ 6-G-4 3.4.5.4 and~ 3-4-7-3, or to death benefits under -40- • Subsections~ 3.4.9.1, 3-6-IHl 3.4.9.2, 3-6-9-3 3.4.9.3 and~ + 3.4.9.4, or to aupplemental death benefit. under Subsections ~3•4•9-5. B. Defined Benefit and Defined Contribution Plana. If, in any Limitation Year a Member alao participates in one o· more defined contribution plans maintained by the City, then for such Limitation Year, the sum of the Defined Benefit Plan Fraction and Defined Contribution Plan Fraction <•• described below) for such Limitation Year shall not exceed one. The Defined Benefit Frbction for any Limitation Year shall mean a fraction a) the numerator of which is the projected ann'. ,. benefit of the Member under the Plan (determined as of tho clo &• ,f the Limitation Year}, and b) the cienominator of which is tbe lesser of one o,,,,b ,d twenty.five percent (125%) of the dollar limitation under Interns I. ,tevenue Co<le Section 415(o)(l)(A) or one hundred forty percent (140%) of ,~e percen,age limitation und,i• Internai Revenue Code Section 415(b)(l)(B) for th• year of d etermination (taking into ac,ount the effect of Section 235(g)(4) of th .. •r•Y. Eq,.ity ar.d Fiscal Responsibility Act o, 1982). The Defi.n,.d Contribution 1r,·2.~➔,,on for any Limitation Year shall mean a fraction a) the numerator of which is the sum of the annual additiona (as defined in Internal Revenue Code Section 415(c)(2)) to the Member's accounta under all defined contribution plana maintained by the City as of the close of the Limitation Year (subject to reduction to the extent permitted und.1r the transitio,i rule in Section 2S5(g)(3) of the Tax Equity and Fiscal Respona1bility Act of 1982), and b) the denominator of which is th• sum of the lesser of one hundred twenly•five percent (125%} of the dollar limitation under Internal Revenue Code Section 415(c)(l)(A) or one hundred forty percent (140%) of the percentage limitation under Internal Revenue Code Section 415(c)(l)(B), for such Limitation Year and for all prior Limitation Y•ars during which t'le Member was employed by the City (providd. however, at th• election of the Retirement Board, the denominator shall he increased by usins for Limitation Years ending prior to January 1. 1983 , an amount equal to the ci~nom.inntor in effect !or the Limitation Year ending in 1982, multiplied by the transition fractio1, provided in Internal Revenue Code Section 4)5(e)(6)[B]). If, in any J...:.mitation Year, the .,,m of the Defined Benefit Plan Fraction and Defined Contribution Plan Fraction for a Member would exce•d one (1.0) without adjustment of the amount of the maximum annual pension that ca;i be paid to such Member under paragraph A, of this Subsection, then the amount of the maximum annual pensior. that can be paid to such Member under paragraph Al, hereof, shall be reduced to the extent necessary to redu"e the sum of the Defined Benefit Plen Fraction and Defined Contribution Plan Fraction for such Member t.o one , or the Retirement Board may take Bl•ch other actions as will cause the sum to equal one (1.0) or less. For purposes of this Section. the Limitation Year shall be the calendar year. This Subsection B, shall not be effective for years beginning on end after January 1. 2000. • -41- 3-41-¼M U-111~: CONSOLIDATION OR MERGER: The Plan shall not be consolidated or merged with, nor shall any asaets or liabilitiea be transferred to any other Plan, unlasa the benefit& payable to each Member if the Plan were terminated immediately after such action would be equal to or llf'!ater ,hon the benefits to which such Member would have been entitled if thia Plan had bean terminated immediately before such action. ~ 3~-17: MISCELLANEOUS PROVISIONS: ~ S-4-17-1: RIGHTS OF MEMBERS: Each Member shall be advised of the general provisions of the Plan and upon written request ad<lressed to the Retirement Board shall be furnished wit 1 any information requested regarding his statua, rights and privileges under the Plan. Neither the establiuhment of the Plan, the granting of a Retirement Benefit, nor any action of the City or the Rstirement Board shall be held or construed to confer upon any person any right to continue employment, nor, upon diamisaal , any right or interest in the Truet Fund other than as herein provided. ~ 3-4-17-2: LIMITATION OF LIABILITY: ~o Member shall hnve any right to Retirement Benefit& under the Plan, except auch rights, if any, as may accrue to him upon his retirement &om the service of the City under the provisions of the Plan while it is in effect. All such benefit& are payable solely out of the Trust Fund and in no event shall the City, the Truatee, or the Retirement Board members be liable therefor. Neither the eatsblishment of this Plan, nor any amendment or modification thereof, nor failure of ti-.. City to provide su.flicient contributions to the same shall be oonstrued as giving to any Member, or other peraon, any legal or equitable right against the City, or any officer or director thereof, or against the Retirement Board, or any Member thereof. 84-H-3 U-17-3: DIRECT ROLLOVERS: A. General. This Section applies t.o distributions made on or after January 1, 1993. Notwithstanding any provision of the Plan to the contrary that would othenvise limit a distributee 's election under this section, A diatributee may elect, at the timP. and in the manner preacribed by the board, to have aay portion of an eligible rollover diatribution which exceeds $200 paid directly to an eligible retirement plan specified by the distributee in a direct rollover . If a distributee's direct rollover diatribution is leas than $500, the distributee may only elect to diicect rollover 100% of the eligible rollover distribution. B. Definition.: I . Eligible Rollover \Jistribution. An eligible rollover distribution is any distributio n of all or any portion of the balance to the credit of the diatributt.>e , except that an eligible rollover distribution does not include: any distribution that is one of a series of substantially equal periodic payment11 (ni>t Iese frequently than annually) made for the life (or life expecta,,cy} of the distributee or the joint live• (or joint life expectanciea} of the dis1.-ibutee and the distributees designated beneficiary , or for a specified period of ten years or more ; any distribution to the extent such -42- • distribution is required under code Section 401 (a) (9); and the portion of any distribution that ie not includable in groea income (deterµtined wi:hout regard to the exclu.oi.on for net unrealized appreciation with respect to employer securities). 2. Eligible Retirement Plan. An eligi ble retire,:r.ent plan is an individual retirement account described in Code Section 408 (a), an individual retirement annuity described in Code Section 408 (b), and annuity plan deacribed in Code Section 403(a), or a qualified truat described in Code Section 401 (a), that accepts the distributae'e eligible rollover dietributir11. however, in the case of an eligible rollover distribution to the aurviving spouse, an eligible retirement plan is an individual retirement account or individual retirement annuity. 3 . Distr;butee. A diatributee includes an employee or former employee. In additiol.,, the employee's or former employee's surviving spouse and the employee·~ or former employee's spouse or former spouse who is the alternate pay'l:i~ under a qualified domestic relations order, as defined in Code Section 414 1p), are dietributeee with regard to the interest of the spouse or former b'!)OU&e. 4 . Direct Rollover. A •lirect rollover is a payment by the plan to one eligible retirement plan •~ecilied by the distributee. 5. Waiver of 30 Day Notice for Caehoute of $5,000 ($3,500 Prior to January 1, 1998) or lees. if a distribution is one to which Code Sections 401 (a) 911) and 417 do not apply, such distribution may commence Jeaa than thirty (30) days after the notice required under treasury regulation Section 1.411 (a) -ll(c), is given. provided that: a . The Board clearly informs the member that the member baa a right to a pe riod of at least thirty (30) days after receiving the notice to consider the decision of whether or not to elect a distribution (and, if applicable, a particular distribution option), and b. The member, after receiving the notice , affirmatively elects a diatribution. ~-The City Council of the City of Englewood, Colorado hereby renumbers Title 3, Chapter 7, to Title 3, Chapter 5, "City of Englewood Police Officers' Penaion Fund, in its entirety of the Englewood Municipal Code 1985 , to read aa follows: Ti•I• 3, Chapler 1 TITLE 3, CHAPTER 5 POLICE OFFICERS' PENSION FUND 3-U 1-6-1: FUND CREATED: A. The City does hereby elect to continue to participate in the Police Pension Fund, in accordance with the provisions of title 31, article 30, part 3, C.R.S., 1973, BBVe and except to the extent the proviaions of this Section supersede any provisions of said statutes. -43- B. The Pension Fund end Pension Plan shall be administered by the Plan dllcum ent •• adopted by the City Council by reaolution and which may be an:ended as required by the Board of Truetees. 8-;-i 3-6-2. SUPPLEMENTAL DISI.IBILITY BENEFITS: A. In order to supplement th,J ir.,:ome of any police officer, who , l'B a rnult of injury or illness , receives an occupational or total disability from the Firt and Polica Pnsion Association shall receive a monthly benefit paid from :.he "Self-ln1urance Fund," defined in Title 4, Chapter 3, Section 7 of this Cod, .,s determined in thia Section . B. Any police officer hired prior to April 8, 1978 receivin~ an occupational or total disability from the Fire end Police Pension Aaao<.'iat .~n shall receive twenty percent (20%) of the base salary plua longevity the ,,s lice offi cer wea earning when the disability was awarded . The benefit payment shall be in addition to any benefits payable to the police officer from the statutory Police Officere ' Pension Fund . C. Any police officer hired on or after April 8, 1978 receiving an occupr,' · orutl disability from the Fire and Police Pension Association shall :ecei,. ten percent (10%) of the base salary plus longevity the police officer was earning when the disability was awarded. The benefit payment shall be in addition to any benefits payable to the police officer from the statutory Police Officere' Pension Fund. D. Any police officer hired on or after April i , l '· 7~ ,, ,eiving a total disability from the Fire and Police Pension Aaaociation ,',all ,rr,.,,, twenty percent (20%) of the base salary plua longevity the police officer wus e, ,ning when the disability was awarded. Th• benefit payment shall be in addition tu any benefits payable to the police officer from the statutory Police Officers' Pension Fund. E. Benefit& from this section shall be reduced if a police officer has earned auy income other than that provided by a disability benefit, and if applicable, a Workers' Compensation award that pr ovides a total income greater than an amount equal to one hundred percent (100%) of the base salary provided to an active police officer of the same rank at which the police officer retired, the disability benefit shall be reduced by twenty-five percent (25 %) of the additional earned income . F. All benefits from this section shall cease if the police officer ceases to qualify for an occupational or total disability &om the Fire and Police Pension Association. r;. All benefit& from this section shall be suspended or cease if the police officer fails to provide any information requested by the safety ll<'rvices supplemental disabilit)' board by the date indicated on the request. H. A11 benefits from this Section shall cease on the police officer's normal retirement date. I. A Safety Services Supplemental Disability Board ehall be created and composed of two elected members from the firefighter ranks chosen by a majority of the Fire Division for a three (3) year term ; two elected members from the police ranks cho,en by a majority of the Police Division for a three (3 ) year term ; one -44- • citizen boord member from the Police Pension Board; one citizen board member from the Firefighten Peneion Board ; the Financial Senicea Director af~e City of Englewood, and the Mayor of the City of Englewood. Five memben ,hall constitute a quorum for conducting a~ Board blllineaa. The Safety Ser,•icea Supplemental Diaability Board ia granted the authority to ialue regulationo not inconaisumt with the terms of thia section, deaigned to carry out the p.._ of this Section, and to hold hearings, take evidence . receive information , and to moke final ond binding deciaions, awards and reaolutiona respactins the eligibility of applicants for initial and oontinued payment of supplemental benefits . J . The Safety Servicea Supplemental Diaability Board ahall elect a chairperaon from its members to preside over meetin1a and conduct other board buaineu not inconsistent with the terms of this Section . K. The Safety S.,rvices Supplemental Diaability Board shall be required to meet only when application for benefits are made or aa determined by tha cbairpel'!ICn of the Board. -8-6-8: RETIREMENT BENEFITS: Any police officer in covered employment with the City prior to April 8, 1978, and who bas attained the age of fifty.five (56) yeara and baa twenty (20) or moN! yeara of credited service with the Englewood Police Division, or a member who has twenty• five (25) yeara or more of credit with aaid Englewood Police Division, regardleaa of age, shall be eligible to receive a service retirement pension based on the police officer's final base pay, allowing two and one-half percent (2 1/,%) for each of the first twenty (20) years of accredited service , plua one percent (I%} for each additinnal y, " of accredited service, to a maximum of sixty-five percent (65%). Calculatin• ti:,i baae pay means the average salary received as a member of said Departme ::. ... ~ .:ne yPar before granting said pension . Pensio·,1 payments shall be made in equal ,., 011t.hly installment.a to the member . 3-;,,+ 8-6-4 : LEAVING SERVICE PRIOR TO ELIGIBILITY: Should sny police officer in covered e mployment with the City prior to April 8, 1978, who leave s tht: servi ce of the City prior to beooming eligible to receive a pension, for any reason other than de ath. and said member has le ss than five (5) years of credited service at termination, be shall be entitled to a refund of his total contribution without int.erest; or if said member has five (5) or more years of credited service at termination, said officer may elect either: A. To recei\, cl,forred monthly beneftts p ayable beginnin g at age fifty -five (55) based upon the member's final base pay, allowing two and one-half percent (2 1/1%) fo re· ,ch of the first twenty (20) years of accredited service plus one percent (I%) for each additional year of accredited s ·rvice to a maximum of sixty-five percent (6 5%) of base pay; or B. Receive a refund of his total contributions with interest, if any, thereon, BL may be determined by the Board of Truatees of said Fund . . 45. ..U 1-1-6: POLICE PENSION FUND: In lieu of the provwone of Title 31 , Article 30, Section 312, C.R.S., 1973, tbe Board ofTruetee1 oftbe Policemen'• Peneion Fund of this Municipality ohall be governed by the followin11 provisione: The Board of Trustees of the Policemen's Pension Fund in this Municipality uhall have power to drew on ouch Penoion li'lmd, from the treaaurer of t he Policemen'• Penoion Fund, and may invest the same, or any part thereof, in the nome of th,, Board of Truateeo of the Policemen'• Pension Fund, in any oecurity, bond, debenture, corporate obligation, otock , preC..rred or common, eecuritiee of any open-end or clooed- end management.type investment company or investment trust and participations in common truot funds, to the extent that ouch inveotments ,vould be authoriud inveotments by fiduciarieo within tbio State ao set forth in title 15, article 1, part 3, C.R.S., 1973, or any ouboequent amendment thereto, providing that said Board ohaU at all times hold fixed income obligations having a book value or ooot of not leaa than sixty percent (60%) of the total contributions made to said Policemen's Penaion Fund, lesa the amounta paid out. All securities inv,sted shall be deposited with the Treasurer of the City, .:sex officio treasurer oftbe Boari ofTru&r.eea of tLe - Policemen's Pension Fund, and subject to the order o! .;aid Board. ~-_The City Council of the City of Englewood, Colorado hereby renumbers Title 3, Chapter 8, to Title 3, Chapter 6, Firefighten' Pension ~·und And Pern,onent Diaability Benefits, in ita entirety of the Englewood Municipal Code 1985, to r.,sd as follows: Tl'FLB 81 GKt.d'TBR 8 TITI.E 3, CHAPTER 8 FIREFIGHTERS' PENSION FUND AND PERMAN.ENT nl&\BILITY BENEFITS 3-8-1-3-6-1 : FIREFIG'!ITERS• PENSION !'UND AND PERMANENT DISABILITY BENEFITS: ~ S-6-1-1: FIREFIGHTERS' PENSION FUND: Commenclns on January 1, 1977, there shall be deducted from the monthly salary of plan memben hired prior to April 8 , 1978, of the Englewood Firo Di•. ,,:o:i s •um equal to five percent (5%) of Boid member's monthly salary punuant to i:,ert 4, article 30, title 31 C.R.S., 1973, which s um shall be deposited in the City's Firefighten' Pension Fund. A. The City shall make contributions annuelly to the l':..-fig~rere' Pension Fund at a rate to be determined in the following manner: at least every three (3) ye&r11, the Firefighters' Pension Fund shall have an actuarial otudy prepared relating to the Firefighters' Pension Fund. The normal cost of the benefits afforded under the etatutory Firefightere' Pension Fund plus any unfund•d cost proret•d on a forty (40) year funding baaie from Januery 1. 1982, of the benefits afforded under the Firefighter■' Peneion Fund. The resultant percentap will be paid annually from general revenues of the City into the Firefighten' Pension Fund. -46 - • • B. In addition to the powero and obliptiona impooed upon tho Board of Truoteeo of the Ens)ewood Firefiahtero' Pena:on Board. by article 30, title 31, C.RS. 1973, oaid Board oball have all powers neceaaary to ouperviae and adminuoter the term• of thia Section. ~ S-6-1-2: SUPPLEHENTAL DISABILITY BENEFITS: A. In order to supplemen\ the income of any firefishter, who, a u a reallll of injury o• illne88, receives an occupational or total diaability from the Fire and Polir.o Pension Aaaociation ahall receive a monthly benefit paid frotu the "Self-lr.,,,,anc• Fund," defined in Title 4, Chapter 3, Section 7 of thia Code, ao determined m this Section. B. Any firefighter hired prior to April 8 , 1978 recemng an occupntiunal ,. ••. ,.i disability from the Fire and Police Penai, n Aaaociation ahall receive t , · m pereent (20%) of the base salary plus lonlevity the firefighter wu earning wnan the disability was awarded. The benefit payment shall be in addition to any benefits payable to the firefighter from the statutory Firefighters' Penaitn Fund. C. Any firefighter hired on or after April 8, 1978 receiving an occupational disability from the Fire and Police Pension Aaaoc:iation shall receive ten percent (1°'6) of the base salary plus longevity the firefighter waa earning when the disability was awarded. the benefit payment shall be in addition to any benefits payable to the firefighter from the statutory Firefigbtero' Penaion Fund. D. Any firefighter hired on or after April 8 , 1978 receiving a total disability &om ti: Fire and Police Pension Association shall receive twenty percent (2°'6) of the base salary plus longevity the firefighter was earning when the disability was awarded. the benefit payment aball be in addition to any benefito payable to the firefighter from the statutory Firefighters' Penaior Fund. E. Benefita from thia Section shall be reduced if a firefighter has earned any income other than that provided by a disability benefit, and if applicable , a Workero' Compensation award that provides a total income greater than an amount equal to one hundred percent (100%) of the base salary provided to an active firefighter retired, the di88bility benefit shall be reduced by twenty-live percent (25%) of the additional earned income. F . All benefits from this Section shall cease if the firefighter ceases to qualify for an occupational or total disability from the Fire and Police Pension Aaeociation. G. All benefits from this Section shall be suspended or cease if the firefighter fails to provide any information requested by the Safety Services Supplemental Dioability Board by the date indicated on the request. H . All benefits from this Section shall cease on the firefighters normal retirement dat I. A Safety Services Supplemental Disability Board shall be created and compos.d of two elected members from the firefighter ranks chosen by a ,r.ty of the Fire Division for a three (3) year term ; two elected members fro, .., police ranka chosen by a majority of the Police Division for a three (3) ~ term: one citizen board member from the Police Pension Board; one citizen l>o ,ard member -47- from th Firelighters Pension Board ; the l'inancial S..1 vi<.0 • Director of the City of En1le•KOOC!, and th• Mayor of the City of Englewood . Fir ~ me1t•ben aball conetitute a quoru:11 ,,,, ~nducting any boanl bualnr,a, )1.,. S11'eey Senu:e1 Supplemental Diaability Board ia grantad the authorit;• to iuua re,ulaliona not ine<,111i1tent •·ilh the term ■ of tbia Section, de■igned to,,.,...,. out the purp-of th.ta Section , anlt. to hold hearings , take evidence, rect:~:"G lr:!nrmation , and to make final and binding deciaiona, award ■ and reaolutlcn& ro opectini tJ,e eligibility of applicants for initial and continued payment of supplemental benefit.. J . The Safety Service• Supplemental Dieability Board shall ,Ject a chairpenon from its membere to preside over meeting• and conduct ctt. -r lloard buainHa not inconsistent with the terma of thia Section. K. The Safety Service• Supplemental Disability Board ahal! be required to meet only when application for benefits are made or u detcra,mod by the Chairperson uf the Board. -.W. 8-8-1-3 : RETIREMENT BENEFITS: Any firefichter who has attained the age of fifty (50) yeua and haa twenty (20) or more year■ of credited service ■hall be eligible to receive a aervice retirement penaion bued on the employee's final b.ae pay, allowing two and one-half p,,rcent (2 1/,%) for each of the 6nt twenty (20) yeara of credited service, plus one percent (1%) for each additional year of credited eervice, to a maximum of sixty-five percent (65%). Calculating the base pay means the amount of hia/her monthly aalnry as of the date of bia/her retirement. Pension payments ahall be made in equal monthly inatallmenta to the member. 3-8-M 8-8-1-4 : LEAVING SERVICE PRIOR TO ELIGIBILITY: Should any plan member hired prior to April 8, 1978 , leave the service of the City prior to becoming eligible to receive a penaion payable from the Firefighter■' Pension Fund, for any reason other than death, and aaid member ha■ leu than five (5) yeare of credited service st termination, said firefighter shall be entit.led to a refund of his/her accumulated contribution to the Englewood Firefighters' Pension Fund. The term accumulated contributions shall mean the sum of ••id firefighters' contribution to the Firtfighters' Pension Fund together with intere• •. if any, thereon, aa may be determined by the Firefighters' Pension Board. If said firefighter haa five (5) or more years of credited service at termination. the firefighter may elect either: A. Deferred monthly benefit payable beginning at age fifty (50) baaed upon the member'• final ba,e pay, allowing two and one-half percent (21/1%) for each of the firat twenty (20) years of credited service plus one percent (I%) for each sdditional year to a maximum of sixty-five percent (65%) of base pay; or 8 . Receiv e a refund of his/her accumulated co ntributions as set out above . -48 - • ~ 3-6-1-6: VOLUNTEER FIREFIGHTERS PENSION FUND: A. There is hereby created a apecial fund to be known aa the Volunteer Firefighters Pension Fund for the purpose of paying atatutory benefit& to I volunteer firefighters under conditions aa provided by title 31, article 30, part 4, C.R.S .. 1973. B. Benefit& for all volunteer firefighter& retired before December 31, 1974, shall be expended from funds received from the State in the annual allotment provided in title 31, article 30, part 4, C.R.S ., '1973. C. Beginniqg January 1, 1975, the City shall make contributions oo the Volunteer Firefighters Pension Fund as determined neceasary t,, annually fund the pensio~i;ne~t a~ulations of the volunteera. The contribution ahall be baa~ 'on nlactuari.U study oo be done at leaat every three (3) years. Pension benefite t,, vAlunteers 'tetiring aCt,r January 1, 1975, will be paid Crom theae contributions . I _).. ~-Sefety C)guseg Th• City Coun9,l hereby fin'\,", d~termin~•. and declare• that thia Ordinance ia promulgated under the general police JIO"'• of the City of Englewood, that it is promulgated for the health, aafety, and welfare of the public, and that thia Ordinance is necessary for the preaervation of health and aafety and for the protection of public convenience and welfare. The City ColulcH further determine• that the Ordinance beara a rational relation t,, the proper legislative object sought to be obtained. $i:.".tilm..2li . S.yerability IC any clause, sentence, paragraph, or part of this Ordinance or the applicati. n thereof to any pers?n or circumstances shall for any reason be adjudged by a court of competent jurisdiction invalid, such judgmont shall not affect, impair or inva1.:date the remainder of this Ordinance or it application to other l)ersona or circumstances. ~ lnconnistent Ordinances All other Ordinances or portions thereof inconsistent or conflicting with this Ordinance or any portion hereof are hereVy repealed to the extent of such inconsistency or conflict . ~ Effect nfreneol or mndiiicali.Qlli The repeal or modification of any proviaion of the Code of tte City of Englewood by this Ordinance shall not release, ••tinguish. alter, modify, or change in whole or in part any penalty , forfeiture, or liaLHity, either civil or criminal , which shall have been incurred under such provision, and e,1.ch provision shall be treated and held as still remaining in force for the purposes of sustaining any and all proper actious, suits, proceedings, and prosecutions for the enforcement of the penalty, forfeiture , or liability, as well as for the purpose of sustaining any judgment, decree , or order which can or may be rendered. entered, or made in such actions. suits, proceedings, or prosecutio .n:. ~ fmlllty. The Penalty hovieion of E.M.C. Section 1-4-1 shall •pply to each and every violation of this Ordinance. -49- Introduced, read in full, and pUMd on &ret reading on the 22nd day of Feoruary, 2000. Publlilhed as a Bill for an Ordinance on the 25" day of February, 2000. Read by title and passed on final read.ins on the 6th day of Marcli, 2000. Published by title as Ordinance No . ft Serie■ of 2000, on tha 10th day r,f March, 2000. I, Loucrishia A. Ellis. City Clerk of the City of Englewood, Colo that the above and forego,:,•; is a true copy of the Ordinance and publlilhed by title as Ordinance No. ~ Seriea of . -50 - • COUNcnCOMMUNICATION Date Agenda Item Subject February 22, 2000 Munldpal Code Revisions TIiie ID llaii Initiated By Staff Source Human Resources Department Sue E.tton, Director of Humm Resources COUNCIL GOAL AND PREV )US COUNCTL ACTION 'The Englewood Mwucipal Code currently contains sec :ons which relate to operational aspects of the Human Resources function. RECOMMENDED ACTION Staff recommends Council adopt a bill for an ordinance approving the attached Code revisions . The revisions relate to the removal of various administrative policies and procedures from the Code and placing them into the City of Englewood Administrative Policies and Procedures manual. BACKGROUND, ANALYSIS, AND ALTERNATIVES IDENTIFIED Many of these sections to be removed contain information which has not been updated since 1983 and is not in keeping with current HR practice, some even contain information which conflict with current labor law . FINANCIAL IMPACT None