HomeMy WebLinkAbout7704RESOLUTION NO. 7704
A RESOLUTION SUBMITTING TO THE ELIGIBLE ELECTORS
OF THE CITY OF PUEBLO AT THE GENERAL MUNICIPAL
ELECTION TO BE HELD NOVEMBER 7, 1995 INITIATED
ORDINANCES AMENDING THE PUEBLO FIREMEN'S
PENSION FUND
WHEREAS, initiative petitions for the adoption of ordinances amending the Pueblo
Firemen's Pension Fund have been filed with the City Clerk at least sixty (60) days before the
general municipal election to be held November 7, 1995, and
WHEREAS, the City Clerk previously approved the form and first proof of the petitions,
and
WHEREAS, the City Clerk has certified that the petitions are signed by registered electors
of the City in numbers equal to ten (10) percent or more of the total vote cost in the last general
municipal election of the City, and
WHEREAS, pursuant to Article 18 of the Charter of the City, City Council shall either pass
the ordinances without alteration within thirty (30) days, or shall submit same to a vote of the
qualified electors at the next general City election; NOW, THEREFORE,
BE IT RESOLVED BY THE CITY COUNCIL OF PUEBLO, that:
SECTION 1
The initiated ordinances amending the Pueblo Firemen's Pension Fund by the addition of
Sections 17 and 18 to Chapter 2 of Title II of the 1971 Code of Ordinances on file with and certified
by the City Clerk are hereby submitted to the eligible electors of the City at the general municipal
election to be held on November 7, 1995.
SECTION 2
The ballot title for the initiated ordinance amending the Pueblo Firemen's Pension Fund by
the addition of Section 17 to Chapter 2 of Title II of the 1971 Code of Ordinances shall be:
QUESTION NO. - SHALL AN ORDINANCE AMENDING THE PENSION
PLAINT FOR FIRE FIGHTERS HIRED BEFORE APRIL 8, 1978 TO INCREASE
THE RETIREMENT BENEFIT OF 50% OF SALARY UPON REACHING
ELIGIBILITY FOR RETIREMENT (AGE 50 WITH 20 YEARS OF SERVICE)
BY AN ADDITIONAL 4% FOR EACH FULL YEAR OF ACTIVE SERVICE
AFTER THE ELIGIBILITY DATE IS REACHED, PROVIDED THE YEAR OF
SERVICE OCCURS AFTER JANUARY 1, 1994 AND THE TOTAL BENEFIT
DOES NOT EXCEED 74% OF SALARY, AND TO INCREASE THE RANK
ESCALATION BENEFIT (50% OF ANY INCREASE TO THE SALARY OF THE
RANK HELD AT RETIREMENT) BY THE SAME PERCENTAGE INCREASE,
BE ADOPTED?
FOR TIE ORDINANCE
AGAINST THE ORDINANCE
SECTION 3
The ballot title for the initiated ordinance amending the Pueblo Firemen's Pension Fund by
the addition of Section 18 to Chapter 2 of Title II of the 1971 Code of Ordinances shall be:
QUESTION NO. _ - SHALL AN ORDINANCE AMENDING THE PENSION
PLAN FOR FIRE FIGHTERS HIRED BEFORE APRIL 8, 1978 TO PERMIT FIRE
FIGHTERS TO ELECT A REDUCED PENSION PAYABLE TO THE FIRE
FIGHTER DURING HIS LIFE AND UPON HIS DEATH EITHER (i) ALL OF
THE REDUCED PENSION OR (ii) ONE -HALF OF THE REDUCED PENSION
TO BE PAID TO HIS DESIGNATED BENEFICIARY FOR LIFE WHICH
ORDINANCE DOES NOT AFFECT OTHER BENEFITS PAYABLE TO A
RETIRED FIRE FIGHTER'S SURVIVING SPOUSE OR DEPENDENT
CHILDREN WHICH INCLUDE, FOR THE SURVIVING SPOUSE, A
MONTHLY ANNUITY EQUAL TO ONE -THIRD OF THE MONTHLY SALARY
OF A FIRST -GRADE FIRE FIGHTER AT THE TIME OF RETIREMENT SO
LONG AS THE SURVIVING SPOUSE REMAINS UNMARRIED, AND FOR
EACH SURVIVING DEPENDENT CHILD, A MONTHLY ANNUITY OF $30.00,
OR IF THERE IS NO SURVIVING SPOUSE OR THE SURVIVING SPOUSE
DIES, THE AMOUNT THE SURVIVING SPOUSE WOULD RECEIVE OR IS
RECEIVING IS DIVIDED AMONG THE SURVIVING CHILDREN UNDER 18
YEARS OF AGE, BE ADOPTED?
FOR THE ORDINANCE
AGAINST THE ORDINANCE
SECTION 4
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The City Clerk is directed to publish the proposed ordinances in full in the form petitioned
for not less than thirty (30) days prior to the November 7, 1995 general municipal election.
SECTION 5
This Resolution shall become effective upon final passage.
ATTEST:
City Cler
INTRODUCED: September 11, 1995
By Fay Kastelic
Councilperson
APPROVED:
0
Xresidentof the City Council
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