HomeMy WebLinkAbout11816RESOLUTION NO. 11816
A RESOLUTION APPROVING AN AGREEMENT BETWEEN DALE E. VILLERS AND
THE CITY OF PUEBLO, A MUNICIPAL CORPORATION, CONCERNING
PARTICIPATION IN THE OLD -HIRE DEFERRED RETIREMENT OPTION PLAN
BE IT RESOLVED BY THE CITY COUNCIL OF PUEBLO, that:
SECTION 1.
The Agreement between Dales E. Villers ( "Employee ") and the City of Pueblo, a
Municipal Corporation dated March 1, 2010 (the "Agreement ") concerning the
Employee's participation in an old -hire deferred retirement option plan and resignation
from employment, a true copy of which is attached hereto, having been approved as to
form by the City Attorney, is hereby approved, subject to appropriation required
therefore, if any, in fiscal years beyond the date of adoption of this Resolution.
SECTION 2.
The President of the City Council is hereby authorized to execute the Agreement
on behalf of Pueblo, a Municipal Corporation, and the City Clerk shall affix the Seal of
the City thereto and attest same.
INTRODUCED: March 8, 2010
BY: Judy Weaver
COUNCILPERSON
APPROVED:
RESIDENT CF CITY CC) UNCIL
ATTESTED BY:
GIB' Y CLERK
MU fill
Background Paper for Proposed
RESOLUTION
DATE: MARCH 8, 2010
AGENDA ITEM # M -2
DEPARTMENT: FIRE PENSION FUND BOARD OF TRUSTEES
ROBERT HUDGENS, CHAIRMAN
GINA DUTCHER, CITY CLERK
TITLE
A RESOLUTION APPROVING AN AGREEMENT BETWEEN DALE E. VILLERS AND
THE CITY OF PUEBLO, A MUNICIPAL CORPORATION CONCERNING
PARTICIPATION IN THE OLD -HIRE DEFERRED RETIREMENT OPTION PLAN
ISSUE
Should the City Council enter into an Agreement with Dale E. Villers concerning
participation in the Old Hire Deferred Retirement Option Plan (DROP) per City
Ordinance Numbers 6586 and 6740?
RECOMMENDATION
The Fire Pension Board of Trustees met on January 17, 2002 and reviewed the eligibility of Mr.
Villers and found that Mr. Villers is eligible to participate in the DROP Program.
BACKGROUND
As an eligible member, Mr. Villers is requesting an agreement between himself and the
City of Pueblo in accordance with the DROP Program, which became effective in
December, 2001.
FINANCIAL IMPACT
According to the Plan's Actuary, selected by the State Fire and Police Pension
Association, the actuarial soundness of the pension plan should be maintained.