HomeMy WebLinkAboutOrdinances Book 17, Page 737, Ordinance Number 71-8-527737
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ORDINANCE NO. 71-8-527
AN ORDINANCE AMENDING SECTION 10-77 "EMPLOYEE ASSESSMENTS" OF
THE CODE OF ORDINANCES CITY OF PADUCAH, KENTUCKY
WHEREAS, the Board of Trustees of the Appointive Employees'
Pension Fund has recommended to this Board that employee assessments
of monthly salaries for contribution to the pension fund be raised
from three per cent (3/) to five per cent (5/),
NOW THEREFORE, BE IT ORDAINED BY THE BOARD OF COMMISSIONERS
OF THE CITY OF PADUCAH, KENTUCKY:
SECTION 1. That Section 10-77 "Employee assessments," of the
Code of Ordinances City of Paducah, Kentucky, be amended and re -
ordained so that said section shall hrerafter read as follows:
"Sec. 10-77. Employee Assessments.
Each employee is hereby assessed Five per cent (5/) of his
monthly salary or wages beginning August 23, 1971, and such assessment
shall be paid into and credited to the pension fund by the city
treasurer, to be held in trust subject to the orders of the board of
trustees."
SECTION 2. Section 1 amends Section 22 of an ordinance adopted
December 2, 1947 pertaining to the Appointive Employees' Pension Fund,
and which section was last amended by Section 1 of an ordinance dated
February 23, 1949.
SECTION 3. This ordinance shall be in full force and effect from
and after its adoption.
y
Mayor
Passed by the Board of Commissioners August 24, 1971
Recorded by Sarah Thurman, City Clerk, August 24, 1971.