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ORDINANCE #93-5- 4937
AN ORDINANCE AMENDING SECTION 10-80.5 OF
CHAPTER 10, 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 \
7 into the Kentucky County Employees Retirement System; and
v
WHEREAS, there the benefits provided for under the
Appointive Employees' Pension Fund have not been adjusted
since January 1, 1992; and
WHEREAS, the Board of Commissioners has obtained
an actuarial study the Appointive Employees' Pension Fund
and finds that it is of sufficient size to allow an increase
in benefits;
PADUCAH:
NOW, THEREFORE, BE IT ORDAINED BY THE CITY OF
SECTION 1. Section 10-80.5, Adjustments of
Pensions, is hereby amended to read as follows:
"Effective January 1, 1991 1993, all
persons receiving a pension under
Section 10-79 or 10-80 shall receive a
one-time increase of five percent (5%)
in the amount of their pensions.
Sections 10-79 and 10-80
notwithstanding, a minimum pension of
$209788 $241.40 per month is hereby
established for all retired members and
widows of retired members."
SECTION 2. This ordinance shall be read on two
separate days and will become effective upon publication of
title or a certified summary thereof.
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Introduced by the Board of Commissioners May 11, 1993
Published by The Paducah Sun May 24, 1993
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Adopted by the Board of Commissioners
May
18,
1993
Recorded by Lenita Smith, City Clerk
May
18,
1993
Published by The Paducah Sun May 24, 1993
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