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Home My WebLink AboutXXXX-XX-XX PPB Synopsis and BylawsThe Police Officers' Pension Board has the responsibility for the general supervision, management and control of the "told lire Pension Fund": Source ofAuthority: Created by Colorado State Statutes The Board structure is defined by the Plan document. Appointed by: City Council Membership includes: Mayor as Council Liaison, Director of inance ; d in Services, Retirement Administrator as Recording Secretary; Council appoints one ember embers of the Police Department participating in the Plan elect three 3 members, The Board consists of sip: tf members who must include the Mayor and the Director of Finance/Administrative Services, for tenure in office, one t 1 Council appointed resident and tree 3 representatives elected by members ofthe Police Department participating in the Old ire Plan: The three (3)elected members and the Council appointed member serve overlapping three year terms: The Director of Finance/Administrative Services shall bee - sfficio treasurer of the Board and adat inister the funds. (Varies from Statute by operation of Plan documents adopted by Ordinance) 3-5 EMC, and 31-30.5- 03 C.R.S.-The Plan documents as ado ted by Ordinances No. 48, Series of 19991 Bylaws. No = Is 3--MMCIPAL OMCERS AND LSD 3-. Chapter POLICE OFFICERS' PENSION FUND* 3--.Fund Created. 3-6-2. Supplemental Disability Benefits. 3„5-3; Retirement Benefits. U-4: Leaving to Eligibility� 3® p6. Police Pension Fund. *Editor's . No. 00-10, 122, adopted March 6, 2000, renumbered chapter 7, sections 3-7-1-3-7-5 as chapter 5, sections # # Fund Created. ity the police officer was earning when the disabil- A.e City does hereby elect to continue to ity was awarded. e benefit payment shall be . participatethe Police Pension Fund, in accor- dance t the provisions of title 31, article 30, addition to any benefits payable to the police part 3, ,M., 1973, save and except to the extent the provisions of this Section supersede any pro- D. Any police officer hired on or after April visions of said statutes. 1978 receiving a total disabilityo e eand e Pension Pension l Police Pension Association shallreceive twenty be administered . byte l document as _ adopted percent (9 ) of e base s plus longevity y the i Council by resolution which may the police officer was earning when the disability be amended as required y the Board ofTrustees. was awarded. e benefit payment shall be in ode 1 l791; Ord. 00-10, § 21) addition to any benefits payable to the police officer from the statutory PoliceOfficers' Pension ar Supplemental DisabilityBenefits. .A. order to supplement the income of y police officer, who,who, as a result of x or al illness, E. ease o "s section shallbe reduced of aolice officer h earnedincome other receives occupational or to disability the Fire *i°e Pension Association than at provided by a disability benefit, of applicable, Workers' Compensationt receive a monthly benefit paid frome "Self- provides a total income greater than an amount equal one hundred percent (1 ) of the base Insurance ," definedtie 4, Chapter 3, Section 7 of this Code, as determinedsame salary provided to an active police officer of the Section. rank at which the police officer retired, the disabilitybenefit shall be reduced « Any police officer cer aged prior to April, 1978 Percent ( ) of the additional earned income, receiving occupational or total disabilityfrom the e glace Pension Association shall l benefits o this section shall cease if , recei e twenty percent ( %) of the base salary e police officer ceases to qualify for an occu a- tional or total disabilityo e Fire and Police Maas longevity the police officer was earning when Pension Association. the disability was awarded. The benefit payment shall be in addition to any benefits payable to the G. All benefits from this section shall be sus - police officer from the statutory PoliceOfficers' pended or cease if the police officer fails to provide Pension Fund. any information requested by the Police and Fire C. Any police officer hired on or after AprilSupplemental Disability Board by the date 1978 receiving an occupational disability from the cated on the request. Fire and Police Pension Associationshall receive H. All benefits fromthis Section shall cease on ten percent ( %) of the base sal.ary plus l n e - the police officer's normal retirement date. Supp, No. 37 3: 1 NGLEWO D MUNICTPAL CODE3.5.4 I. A Police and Fire Supplemental Disability the Policemen's Pension Fund of this Municipal - Board shall be created and composed of two ity shall be governed by the following provisions. elected members from the firefighter ranks shod sen bymajority of the Fire Department e t _ ent fora The Board of Trustees of the Policernees an- j/rryya three 4s:T) year term; tq9��{� elected fromtiki sign din thisMunicipalityall have power of police rankschosen by �. majority b thePoliceC.}}d. t��}"t1.fi'�.�% C��aI. e'l�$sLl na�.$� Fund, rom t,,yh easy'` Department for three (3) term; one citizen „� the Qil�'e�n.¢$ PensioniGg �..il. invest ,year board member from the Police PensionBoard; one the same, or any part thereof, in the name of the citizen board member from the Firefighters en- Board of Trustees of the Policemen's pension sion Board; the Financial Services Director of the Fund, in any security, bond; debenture, corporate City of Englewood, and the Mayor of the City of obligation, stock, preferred or common, securities Englewood. eve members shall constitute a quo- of any open-end or closed -end management -type rum for conducting any Board business. The o- investment company or investment trust and lice and Fire Supplemental Disability Board is participations in common trust funds, to the ex - granted the -authority to issue regulations not tent that such investments would be authorized inconsistent with the terms of this section, de- investments by fiduciaries within this Mate as set signed to carry out the purpose of this Section, forth in title 15, article 1, part 3, .fix, 1973, or d to hold hearings, e evidence, receive n or- any subsequent amendment thereto, providing atnon, and to make final and binding decisions, that said Board shall at all times hold fixed awards and resolutions respecting the eligibility income obligations having a book value or cost of of applicants for initial and continued payment of not less than sixty percent (60 ) of the total Supplemental benefits. contributions made to said olice ern'$ Pension Fund, less the amounts paid out. All securities J The Police and Fire Supplemental Disabil- invested shall be deposited with the Treasurer of Board(S shall elect a chairperson from its me - the City, as ex, officio treasurer of the Board o bers to preside over meetings and conduct oter Trustees of the Policemen's Pension Fund, and board business not inconsistent with the terms of subject to the order of said Board. this Section. (Ord. o. 99- 3, § 1, - -99; Ord. -10, 21) e Police and Fire Supplemental Disabil- ity Board shall be required to meet only when application for benefits are made or as deter- mined by the chairperson of the Board. (Code 1985,§ 3-7-2; Ord, 93-3 .99-19, Ord. 08- , § ) Retiretnent Benefits. Retirement benefits and qualifications for those benefits shall be provided in a separate plan which shall be adopted by ordinance. (Code 1985, § 3-7-3; Ord. 9 - 3; Ord. 00-19, Ord. No. 19- } Editor'snote—oaf, No, M76, adopted November ber 0, , deleted § 3-6-4, leaving service prior to eligibility, and renumbered § 3-5-5 as 3.54. See. -. Police Pension i (SIn lieu of the provisions of Title 31, Article 30, ection 312, xl x .,19'73, the Board ofTrustees of Supp, No. 37 3 2 }