HomeMy Public PortalAboutORD-CC-1992-01ORDINANCE #92-01
AN ORDINANCE INCREASING CERTAIN
COUNCILPERSONS' SALARIES TO ALLOW FOR
PARTICIPATION IN UTAH RETIREMENT FUND
WHEREAS, the new policy of the Utah State Retirement Board
imposes hardships on certain councilpersons by not allowing them
to continue to participate in said retirement program due to the
low level of their remuneration; and
WHEREAS, this hardship is heightened by the fact that said
councilpersons not allowed to continue in the retirement program
are not allowed to pull any funds out of said retirement program
so long as they sit in their current position,
NOW THEREFORE, BE IT ORDAINED BY THE MOAB CITY COUNCIL AS
FOLLOWS:
That the salaries of certain councilpersons in the
aforementioned situation be increased to allow for participation
in the Utah Retirement Fund. The increase and cost of any
benefits associated with the increase will be donated back to the
City by affected councilpersons with the net effect of $-0- cost
to the City.
DONE IN OPEN COUNCIL this 7th day of January
1992.
ATTEST:
John West,
Reco
of Moab City
Thomas A. Stocks,
Mayor of Moab City