HomeMy WebLinkAbout09023RESOLUTION NO. 9023
A RESOLUTION TABULATING THE VOTE OF THE CITY
COUNCIL RELATING TO AMENDMENT TO THE
STATEWIDE DEFINED BENEFIT PLAN FOR NEW HIRES
IN THE PUEBLO FIRE DEPARTMENT
WHEREAS, the City Council of Pueblo voted on May 22, 2000 concerning
whether to approve an amendment to the Statewide Defined Benefit Plan for New Hires
in the Pueblo Fire Department, an
WHEREAS, the vote was tabulated and the results thereof are set forth in this
Resolution. NOW, THEREFORE,
BE IT RESOLVED BY THE CITY COUNCIL OF PUEBLO, that:
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The City Council finds that the members of the City Council voted on May 22,
2000 whether to approve the proposed modifications to the Statewide Defined Benefit
Plan for New Hires in the Pueblo Fire Department, which modification is set forth in
Resolution No. 2000 -2 of the Board of Directors of the Fire and Police Pension
Association ( "FPPA ") and would increase retirement benefits to 2% of the average of
the member's highest three years' base salary for the first ten years of service plus
2.5% of the average of the member's highest three years' base salary for each
additional year of service thereafter, with the estimated additional cost of the
amendment estimated by FPPA to be equal to 5.03% of annual pay. Upon tabulation of
the votes, there were:
7 "Yes" votes in favor of approval of the amendment
and
0 "No" votes against approval of the amendment
An Amendment receiving four (4) or more "Yes" votes shall be deemed to have
been approved by the City Council.
INTRODUCED: May 22, 2000
ATTEST:
City C k
r
By: Ted Lop
Councilperson
APPROVED:
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President of the City Council