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MUNICIPAL ORDER NO. 268
A MUNICIPAL ORDER AUTHORIZING THE CITY TREASURER TO PAY THE POLICE AND FIREMEN'S
RETIREMENT FUND AN AMOUNT EQUAL TO TWENTY-THREE PERCENT (23%).OF THE PREVIOUS MONTH'S SALARIES
OF ALL POLICEMEN AND FIREMEN COVERED BY SAID FUND
WHEREAS, a "City of Paducah Police and Firemen's Retirement Fund Actuarial Valuation"
dated July 1, 1984, made by .McCready and Keene, Inc., has been -re -studied and discussed; and
WHEREAS, the Mayor and Board of Commissioners has agreed with the conclusion of said
report to contribute to said fund in an amount equal to twenty-three percent (23%) of the
previous month's salaries of all policemen and firemen covered by said fund.
BE IT ORDERED BY THE CITY OF PADUCAH, KENTUCKY:
SECTION 1. That the City Treasurer be, and he is hereby, authorized and directed, as
soon as possible and each month hereafter, to pay to the Police and Firemen's Retirement Fund
an amount equal to twenty-three percent (23%) of the previous month's salaries of all policemen
and firemen covered by the retirement plan.
SECTION 2. The contribution rate of said Police and Firemen's Retirement Fund shall
be adjusted retroactively to July 1, 1985.
SECTION 3. This Order shall be in full force and effect from and after the date of
its adoption.
JOE VITERISI
Mayor
Passed by the Board of Commissioners August 13, 1985
Recorded by teni.ta Smith, City Clerk, August 13, 1985