HomeMy WebLinkAboutOrdinances Book 14, Page 206, No Ordinance Number206
AN ORDINANCE AMENDING SECTIONS 2 AND 3 OF AN ORDINANCE ENTITLED:
"AN ORDINANCE PROVIDING FOR THE OBTAINING AND PROCURING OF LIFE
INSURANCE ON THE GROUP PLAN FOR PRESENT AND FUTURE EMPLOYEES OF
THE CITY OF PADUCAH UNDER CIVIL SERVICE, NOT INCLUDING POLICE AND
j FIREMEN, AND ALL FULL-TIME, PERMANENT EMPLOYEES OF THE WHITE AND
COLORED PARK BOARDS, AND PROVIDING FOR THE PA'DIENT OF PREMIUMS
I
THEREON AND APPLICATION OF DIVIDENDS", WHICH WAS ADOPTED ON MAY
i 22, 1951 AND AMENDED ON AUGUST 16, 1955
BE IT ORDAINED BY THE BOARD OF COMNIISSIONERS OF THE CITY OF
PADUCAH, KENTUCKY:
SECTION 1. That Sections 2 and 3 of an ordinance containing the
title quoted above, which was adopted by the Board of Commissioners
on May 22, 1951 and amended on August 16, 1955, be, and the same is
hereby, amended so that said sections as amended shall read as follows:
"SECTION 2. The gross premiums shall be paid by contributions
.z 2 CGaa e�,P-k from the employees and the City of Paducah on the following basis:
The employees shall each contribute monthly the sum of Sixty ($0.60)
Cents for $1,000.00 of insurance and the City shall contribute the balance
of the cost of said monthly premiums not exceeding fifty (50%) per cent
of said monthly amount. In the event said monthly premiums exceed the
sum of $1.20 per employee per $1,000.00 of insurance, then the monthly
premiums shall be paid by employees and the City in equal amounts.
All earned dividends on such insurance policy or policies shall be
paid to the City and shall be and become a part of the General Fund.
"SECTION 3. Said premiums shall be paid in monthly installments
and shall be set apart out of the amount due and owing to said employees
by the City as of the payroll period ending the 15th day of each and
every month hereafter so long as said insurance shall remain in full
113 3
force and effect.
"The John Hancock Mutual Life Insurance Company of Boston,
Massachusetts, having proposed a planc1of such group life insurance
and by the terms of which each member of said group of insurance as
herein provided would have an insurance benefit on his life in the sum
of $1,000.00 to $5,000.00 as may be elected by the employee subject to
the hereinafter defined limits, the Mayor is authorized to execute
by signing, on behalf of the City and subject to the conditions con-
tained in this ordinance, an application or contract for the procurement
of such insurance.
207
"The total insurance benefits for said employees shall be as
follows:
"Employees earning less than $350.00 per month shall be
entitled to $3,000.00 of insurance benefits, and those earning $350.00
or more per month shall have insurance benefits of $5,000.00."
SECTION 2. All ordinances or parts of ordinances in conflict
herewith are, to the extnet of such conflict, hereby repealed.
SECTION 3. This ordinance shall be in full force and effect
from and after its adoption.
-Mayor
Passed by the Board of Commissioners February 17, 1960
Recorded by Sarah Thurman, City Clerk, February 17, 1960.