1.4.523: MILITARY SERVICE:

Effective December 12, 1994, notwithstanding any provision to the contrary, contributions, benefits and service credit with respect to qualified military service will be provided in accord with Internal Revenue Code section 414(u). (Ord. 11-18)

1.4.524: RULES, FORMS, AND AGREEMENTS:

The Police Pension Fund Board is hereby authorized to promulgate all rules, forms and agreements necessary for the implementation of sections 1.4.518 through 1.4.523 of this part. (Ord. 11-18)

PART 6 RESERVED 1

(Ord. 11-18)

 

Notes

1	1. Prior ordinance history: Rep. by Ord. 06-158.

PART 7 CIVIL SERVICE – FIREFIGHTER'S PENSION FUND 1

SECTION:

1.4.701: Fund Created; Administration

1.4.702: Contributions To Fund

1.4.703: Benefits, Return Of Contributions, And Vested Separation

1.4.704: Deferred Retirement Option Plan

1.4.705: Direct Rollovers

1.4.706: Exclusive Benefit Rule

1.4.707: Internal Revenue Service Limitations

1.4.708: Latest Distribution Date

1.4.709: Vesting Upon Plan Termination

1.4.710: Military Service

1.4.711: Rules And Forms

1.4.712: Benefits To Dependents

 

Notes

1	1. Prior ordinance history: 1968 Code §7-194; Ord. 78-220; Ord. 83-248; Ord. 89-79; Ord. 89-133; Ord. 96-188; Ord. 98-78; Ord. 98-257; Ord. 98-258; Ord. 99-167; Ord. 00-135; Ord. 01-42; Ord. 02-217; Ord. 04-107; Ord. 05-165; Ord. 06-15; Ord. 06-157; Ord. 08-134.

1.4.701: FUND CREATED; ADMINISTRATION:

   A.   There is hereby created the firefighter's pension fund. The fund shall be administered by a Board that shall consist of the Mayor or designee, the Fire Chief, the Chief Financial Officer, and two (2) active or retired members of the fire pension plan. The Board shall be designated the "Fire Pension Fund Board".

   B.   An active or retired member of the fire pension fund shall be elected annually to the Fire Pension Fund Board for a term of two (2) years. Initially, two (2) members of the Fire Pension Fund Board shall be elected, one for a two (2) year term and one for a one year term, so that annually thereafter one member shall be elected for a two (2) year term.

   C.   The City Attorney shall advise and represent the Board in all matters pertaining to its duties and the management of the fund whenever required. (Ord. 11-18)

1.4.702: CONTRIBUTIONS TO FUND:

   A.   Each member will pay into the fund ten percent (10%) of the following:

      1.   Base pay (including sick leave pay and vacation leave pay taken in the normal course of employment), not reduced by amounts contributed to a retirement health savings plan;

      2.   Pay based on length of service (third week pay) and longevity pay;

      3.   Pay for mandatory overtime and annual leave pay that is part of the member's fixed periodic compensation;

      4.   Performance pay; and

      5.   Vacation leave paid as a lump sum.

   B.   The payment required by subsection A of this section will be made by the employer by a deduction from the salary paid to the member, and the amount deducted will be treated as picked up by the employer and as employer contributions for purposes of section 414(h)(2) of the Internal Revenue Code of 1986, as amended. The employer will pay these employee contributions directly to the fund and not to the employee. The contributions, although designated as employee contributions, will be paid by the employer. Employees may not elect to receive the contributions directly. Employee contributions picked up will be treated in the same manner as employee contributions made before the date picked up. All payments will be credited to the pension fund. (Ord. 11-18)