HomeMy WebLinkAbout09024RESOLUTION NO. 9024
A RESOLUTION TABULATING THE VOTE OF THE CITY
COUNCIL RELATING TO AMENDMENT TO THE STATEWIDE
DEFINED BENEFIT PLAN FOR NEW HIRES IN THE PUEBLO
POLICE 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 Police
Department, and
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:
SECTION 1
The City Council finds that the members of the City Council voted on May 22, 2000 whether
to approve the proposed modification to the Statewide Defined Benefit Plan for New Hires in the
Pueblo Police 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 Cl' k Y
By Al Guru 1 e
Councilperson
APP OVED:
President of the City Council