HomeMy WebLinkAbout2025 - RESO 07 - Police Pension ContributionsCITY OF WHEAT RIDGE, COLORADO
RESOLUTION NO. 07
SERIES OF 2025
TITLE: A RESOLUTION APPROVING THE AMENDMENT AND
RESTATEMENT OF THE CITY OF WHEAT RIDGE POLICE PENSION
FUND PLAN ADOPTION AGREEMENT
WHEREAS, Chapter 19, Article III of the Wheat Ridge Code of Laws provides for the
Wheat Ridge Police Pension Fund; and
WHEREAS, the current Plan Adoption Agreement specifies a normal retirement
age of 55 and the employer contribution amount of twelve percent (12%); and
WHEREAS, City Council desires to attract and retain qualified employees to serve
as sworn members of the Police Department and therefore remain competitive with
retirement benefits offered; and
WHEREAS, per Sec. 19-52 (e), City Council shall approve changes to the Plan
Adoption Agreement by Resolution.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF CITY OF WHEAT
RIDGE, COLORADO THAT:
Section 1. The Wheat Ridge Police Pension Fund Plan Adoption Agreement shall be amended to increase the employer contribution by one half percent (from 12% to
12.5%) as soon as is administratively feasible.
Section 2. The Wheat Ridge Police Pension Fund Plan Adoption Agreement
shall be amended to reduce the normal retirement age from 55 years old to 50 years old.
DONE AND RESOLVED this 27th day of January 2025
ATTEST:
Bud Starker, Mayor
Margy Greer, Sr. Deputy City Clerk