HomeMy WebLinkAbout96-2-5448438
ORDINANCE NO. 96-2-�v p
AN ORDINANCE AMENDING SECTION 10-80.5 OF CHAPTER
10, 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, 1995; 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, 1996.
BE IT ORDAINED BY THE CITY OF PADUCAH, KENTUCKY:
SECTION 1. Section 10-80.5, Adjustments of Pensions
is hereby amended to read as follows:
"Effective January 1, 1003 1996, all persons re-
ceiving a pension under Sections 10-79 or 10-80 shall receive
a one-time increase of ten percent (10%) in the amount of
their pensions. Sections 10-79 and 10-80 notwithstanding, a
minimum of $20$,!$0 292.09 per month is hereby established for
all retired members and 011600 legally married spouses of
retired members."
0 SECTION 2. This ordinance shall be read on two
separate days and will become effective upon publication of
title and a certified summary thereof.
1
1yo111
ATTEST:
it Clerk
Introduced by the Board of Commissioners January 23, 1996
Adopted by the Board of Commissioners February 13, 1996
Recorded by Lenita Smith, City Clerk, February 13, 1996
Published by The Paducah Sun February 7, 1996.
�,� ord/aapP
rli"" "'" 'W ILJe.L�:IIJl1'I�YC2709� I t�� i s�nnuacn .��.��^crmisesx. _..s„a...vsi