HomeMy Public PortalAbout069-2000 - Fixes Certain Benefits under the 1937 Firefighter's Pension FundORDINANCE NO. 69-2000
A SPECIAL ORDINANCE FIXING CERTAIN BENEFITS UNDER THE 1937 FIREFIGHTER’S PENSION FUND FOR THE CITY OF RICHMOND
WHEREAS, pursuant to I.C. 36-8-7-12.2, certain benefits are required to be paid to surviving spouses of members of the 1937 Firefighter’s Pension Fund;
WHEREAS, pursuant to the above statute, such retirement monthly amounts are to be fixed by City ordinance, but to a surviving spouse be not less than the greater of 30% of the monthly
pay of a first class firefighter or 55% of the monthly benefit the deceased member was receiving or was entitled to receive on the date of the member’s death; and
WHEREAS, the Board of Trustees for the City of Richmond Firefighter’s Pension Fund has recommended the percentages set forth herein for payments to surviving spouses.
NOW, THEREFORE, be it ordained by the Common Council of the City of Richmond, Indiana, as follows:
Pursuant to I.C. 36-8-7-12.2, the monthly payment to a surviving spouse of a deceased firefighter who was a member of the 1937 Firefighter’s Pension Fund shall be the greater of 50%
of the monthly pay of a first class firefighter or 55% of the monthly benefit of deceased member was receiving or was entitled to receive on the date of the member’s death.
This Ordinance shall take effect January 1, 2001.
Passed and adopted this 18th day of September, 2000, by the Common Council of the City of Richmond, Indiana.
s/s Larry Parker, President
(Larry Parker)
Attest: s/s Norma Schroeder, City Clerk
(Norma Schroeder)
PRESENTED to the Mayor of the City of Richmond, Indiana, this 19th day of September, 2000,
at 9:00 a.m.
s/s Norma Schroeder, City Clerk
(Norma Schroeder)
APPROVED by me, Dennis Andrews, Mayor of the City of Richmond, Indiana, this 19th day of September, 2000, at 9:05 a.m.
s/s Dennis Andrews, Mayor
(Dennis Andrews)
ATTEST: s/s Norma Schroeder, City Clerk
(Norma Schroeder)