HomeMy WebLinkAbout91-3-4575_ �LJ_'-Ju I3 IA — _. — _ .IL,tt-LLi.L"" , ni:�_,— -1 AL, �I -1 l 1 I , - L "I ,
97
ORDINANCE NO. 91-3-4575
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
�r into the Kentucky County Employees Retirement System; and
WHEREAS, the benefits provided for under the
Appointive Employees' Pension Fund have not been adjusted
since January 1, 1987; 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.
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, M7 1991, all persons
receiving a pension under Sections 10-79 or 10-80 shall
receive a one-time increase of t¢4 four and one-half percent
(XO 4.50) in the amount of their pensions. Sections 10-79
and 10-80 notwithstanding, a minimum of MO/00 209.00 per
month is hereby established for all retired members and
widows 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.
GERRY B. MONTGOMERY
Mayor
Introduced by the Board of Commissioners February 26, 1991
Adopted by the Board of Commissioners March 12, 1991
Recorded by Lenita Smith, City Clerk, March 12, 1991
Published by The Paducah Sun March 18, 1991.
ord/aepf