HomeMy WebLinkAbout1993 Ordinance No. 043•
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ORDINANCE NO.~
SERIES OF 1993
BY AUTHORITY
10 (c)
COUNCIL BILL NO. 22
INTRODUCED BY COUNCIL
MEMBER BULLOCK
AN ORDINANCE AMENDING ARTICLE V, SECTION 5, OF THE POLICE PENSION
PLAN TO REQUIRE THE 20% SUPPLEMEUl'AL DISABILITY PAYMENTS TO BE PAID
BY THE SELF INSURANCE FUND OF THE CITY OF ENGLEWOOD RATHER THAN
FROM THE POLICE PENSION FUNDS.
WHEREAS, Colorado Reviaed Statutes 31-30-325, allowa municlpalitiea to elllabliah
alternative police pen sion benefit proe,-ama which are exempt from all proviaiona of C.R.S.
31 -30-301 et aeq .; and
WHEREAS, the City ofEnglewoocl established auch an alternative police penaion plan
effective January 1, 1990, which is known aa the City of Englewood Police Penaion Plan ; and
WHEREAS, Article V, Sections 5 and 6, of the City of Enelewood Police Pen aion Plan
provides for 20% Supplemental Disability Pen si on PaymM la for totally and permanently
di sabled police officers; and
WHEREAS, Title 3, Chapter 7, Section 2, of the Englewood Municipal Code 1985 apecifiea
that such disability payments are available to all police ofticen repnlless of hire date or
pension plan ; and
WHEREAS, the City of Englewood will pay 20% Supplemental Diubility payment.a to all
qual ifyi ng police officers from the Self-lnsunnce Fund of the City rather than from the
Police Pension Fund ; and
WHERFAS, Payment of20% Supplemental Disability benefit.a from the City'• Self-
In s urance Fund will neither increase nor decrease plan benefita ; and
WH EREAS , Article XIII, Section 1, of the City of Englewood Police Penafon Plan allows the
City of Englewood to amend the Plan without the consent of 65'lo of the plan memben if such
amendment neither increases nor decreases p1an benefits;
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF
ENGLEWOOD, COLORADO , AS FOLLOWS ,
~-The City Council of th e City of Englewood, Colorado hereby approves amending
Article V, Section 5, of the Police Pensi on Plan to require the 20% Supplement Disability
Payments to be paid by the Self -In suran ce Fund of the City of Enelewood and ahall read as
. fo ll ows:
.J .
ARTICLE V, Section 5 Sunnlement..l Pi11hilitv Ptoeion Amount'. A Participant hereunder
■hall be elicibl• for a 811pplemental Diaability Penlion ifhia/HER COffnd Employment •
with the Employer i1 terminated d11e to Disability. A Participant who meets the requirement■
for a Supplemental Disability Pension shall receive a monthly Pension eqw,I to twenty
percent (20%) of his/HER, Compensation being received at the date ofhia/HER Disability.
THIS PAYMENT SHALL BE PAJD FROM THE CITY OF ENGLEWOOD'S SELF-
INSURANCE FUND.
Introduced, read in full , and paued on first reading on the 2nd day of Aug..at, 1993.
Published as a Bill for an Ordinance on the 5th day of Allglut, 1993,
Read by tiUe and paued on 6nal reading on the 16th day nf J\11111st, 1993.
Published by title as Ordinance No.~Serie■ of 1993, on the 19th day of AIIIUst, 1993.
ATTEST :
Uitvrt, w 1V
Patricia H . Crow, City Clu:k
l , Patricia H. Crow, City Clerk of the City of Englewood, Colorado, hereby certify that the
above and foregoing i1 a true copy of the Ordinance paaoed on final reading and publi1hed •
by title as Or dinance No . Weries of 1993.
Y/u(ffe ii~
Patricia H. Crow
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