HomeMy WebLinkAbout97-12-57893.7 4
ORDINANCE NO. 97-12-5789
ATTEST:
ty Clerk
Introduced and adopted by the Board of Commissioners
December 16, 1997
Recorded by Lenita Smith, City CAerk, December 16, 1997
Published by The Paducah Sun . P,� , 1997.
!ord/aapf
AN ORDINANCE AMENDING SECTION 35.62(J), OF SECTION
35.62, PENSION FUND [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 into
1
the Kentucky County Employees Retirement System; and
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WHEREAS, benefits provided for under the Appointive
Employees' Pension Fund were adjusted on January 1, 1997; 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, effective January 1, 1998.
BE IT ORDAINED BY THE CITY OF PADUCAH, KENTUCKY:
SECTION 1. Section 35.62(J), Pension Fund, is
hereby amended to read as follows:
"Effective January 1, 1007 1998, all persons re-
ceiving a pension under divisions (H) and (I) shall receive a
one time increase of ten percent (10%) in the amount of their
pensions. Divisions (H) and (I) notwithstanding, a minimum of
$A2JJZ0 353.43 per month is hereby established for all retired
members and legally married spouses of retired members."
i,
SECTION 2. In order to implement this increase by
January 1, 1998, an emergency is hereby declared to exist and
this ordinance shall become effective immediately with one
reading.
Mayo
ATTEST:
ty Clerk
Introduced and adopted by the Board of Commissioners
December 16, 1997
Recorded by Lenita Smith, City CAerk, December 16, 1997
Published by The Paducah Sun . P,� , 1997.
!ord/aapf