HomeMy WebLinkAboutResolution-1980-0681
INTRODUCED BY COUNCILMEMBER
MERKL
RESOLUTION NO. 681
Series of 1080
TITLE: A RESOLUTION EXPRESSING THE INTENT OF THE CITY OF WHEAT RIDGE
TO MAINTAIN A POLICE PENSION PLAN INDEPENDENT OF THE FIRE AND
POLICE PENSION ASSOCIATION CREATED BY SENATE BILL 79.
WHEREAS, the City of Wheat Ridge has maintained a police pension
plan since 1970; and
WHEREAS, this plan is actuarially sound and benefits are fully
funded according to accepted actuarial standards; and
WHEREAS, the members of said plan have expressed their desire to
maintain a separate plan administered by the Police Pension Board of this
city; and
WHEREAS, the members of the Police Pension Board of this city are
capable of administering the Police Pension Plan for the City of Wheat Ridge.
NOW, THEREFORE, BE IT RESOLVED, that the City of Wheat Ridge shall
continue to maintain its own Police Pension Plan administered by the Police
Pension Board of the City of Wheat Ridge, and the City Treasurer is hereby
directed to deposit all contributions to said plan into the City of
Wheat Ridge Police Pension Fund. Further, the Fire and Police Pension
Association is hereby requested to refund to the City of Wheat Ridge Police
Pension Fund all contributions which have been forwarded to them by the
City of Wheat Ridge since January 1, 1980.
DONE AND RESOLVED this 17th day of
March
A.D. 1980, by a vote of
R
to
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FRANK STITE . MAYOR
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