HomeMy WebLinkAboutOrdinance Book 18, Page 11, No Resolution Number1�—
A RESOLUTION AUTHORIZING THE CITY TREASURER TO PAY THE POLICE
AND FIREMEN'S RETIREMENT FUND AN AMOUNT EQUAL TO 27.341A OF THE
PREVIOUS MONTH'S SALARIES OF ALL POLICEMEN AND FIREMEN COVERED BY
SAID FUND, RETROACTIVE TO JANUARY 1, 1973
WHEREAS, on Thursday, January 4, 1973, the Mayor and Board
of Commissioners met with the officers and directors of the Paducah
Policemen and Firemen's Retirement Fund, and
WHEREAS, a "City of Paducah Police and Firemen's Retirement
Fund Actuarial valuation", dated December 31, 1971, made by Meidinger
and Associates, Incorporated, was studied and discussed, and
WHEREAS, the Mayor and the Board of Commissioners has agreed
with the conclusion of said report to increase the City's contribution
to said fund in an amount equal to 27.34% of the previous month's
salaries of all policemen and firemen covered by said fund retroactively
to January 1, 1973,
NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF COMMISSIONERS
OF 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,
and retroactive to January 1, 1973, to pay to the Police and Firemen's
Retirement Fund an amount equal to 27.34% of the previous month's
salaries of all policemen and firemen covered by the retirement plan.
SECTION 2. This resolution shall be in full force and effect
from and after its adoption.
Mayor
Passed by the Board of Commissioners January 16, 1973
Recorded by Sarah Thurman, City Clerk, January 16, 1973.