HomeMy WebLinkAbout2000 Resolution No. 088•
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RESC'LUTION NO. jt
SERIES OF 2000
A RESOLUTION APPROVING AN INCREASE IN BENE~'ITS FOR THE RETIRED
FIREFIGHTERS.
WHEREAS, the Englewood Firefighters Pension Bosrd hav• reviewed the benefits for the
Fire fighter Retirees and recommends approval of a $200 monthly increase for those
Firefighters who retired as of January 1, 1998; and
WHEREAS, the passage of this Resolution will increase retired Firefighters pension
payments, to become effective January 1, 2001 for those Firefighters who retired prior to
J a nuary 1, 1998; and
WHEREAS, the benefit increase shall be for "members" and shall not apply to those
accounts that have been separated by a qualified domesti c relations order;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
ENGLEWOOD, COLORADO, THAT :
~-The City Council of the City of Englewood hereby approves the increaee in
benefits for the retired Firefighters Effective January 1, 2001. All members whoae
payments commenced prior to January 1, 1998. shall receive an increase of $200.00 per
month to their peneion benefits with surviving spouses receiving rne-third (1/3) of the
$200.00 pension benefit increase .
ADOPTED AND APPROVED this 16'' of October, 2000.
I, Loucnshia A. Ellis, City Clerk for the City of Englewood , lorado, hereby certify the
above 1s a true copy of Resolut1on No~ Senes of 2000
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COUNCIL COMMUNICATION
Date Agenda Item Subject
Resolution to approve an
increase in benefits for
October 16 , 2000 !O cl f-lrefighter retirees effective
January 1, 2001 for those retired
as of January 1 , 1998
Initiated By
City of Englewood, Finance and Administrative
I Staff Source
Frank Gryglewicz, Director
Services Deoartment
COUNCIL GOAL AND PREVIOUS CO NCIL ACTION
City Council has met with representatives of the Firefighters Per.sion Board in the past to discuse
common concerns , including benefits and funding .
RECOMMENDED ACTION
The Firefighters Pension Board approved a $200 per morir, benefit increase effective January 1, 2001
to all participants retired as of Januar/ 1, 1998 . The Boa,d requests City Council approve a resolution
supporting their decision .
FINANCIAL IMPACT
This action will not directly impact the financial condition of the r :oJ of Englewood as the Firefighter
Pension Fund is currently fully funded and the City is only making required minimum contributions .
LIST OF ATTACHMENTS
Proposed resolutio n .