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ORDINANCE NO.
AN ORDINANCE AMENDING SECTION 35.62(J), OF SECTION
35.62, PENSION FUND [CIVIL SERVICE], OF THE CODE OF ORDINANCES
OF THE CITY OF PADUCAH, KENTUCKY
WHEREAS, the City of Paducah has enrolled most
current employees of the City who are under civil service into
the Kentucky County Employees Retirement System; and
WHEREAS, benefits provided for under the Appointive
Employees' Pension Fund were adjusted on January 1, 1996; and
WHEREAS, the Board of Commissioners obtained an
actuarial study of the Appointive Employees' Pension Fund and
finds that it is of sufficient size to allow an increase in
benefits, effective January 1, 1997.
BE IT ORDAINED BY THE CITY OF PADUCAH, KENTUCKY:
SECTION 1. Section 35.62(J), Pension Fund, is
hereby amended to read as follows:
"Effective January 1, 1000 1997, all persons re-
ceiving a pension under divisions (H) and (I) shall receive a
one time increase of ten percent (10%) in the amount of their
pensions. Divisions (H) and (I) notwithstanding, a minimum of
$202100 321.30 per month is hereby established for all retired
members and legally married spouses of retired members."
SECTION 2. This ordinance shall be read on two
separate days and will become effective upon publication of
title and a certified summary thereof.
Ma
ATTEST:
ty Clerk
Introduced by the Board of Commissioners December 30, 1996
Adopted by the Board of Commissioners January 14, 1997
Recorded by Lenita Smith, City Clerk, January 14, 1997
Published by The Paducah Sun,/8 _, 1997.
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