Pension Board & System_September 1968 to September 1977PENSION BOARD & SYSTEM 116
(continued) Date
previously. Discussion re. computation of pen-
sions utilizing overtime. City Atty. advises it
is a contractural right for existing employees.
L. Holtz discusses increased effects of pensions
on Budget. (P.22-24) 9/27/766
Hearing held and concluded re: amending Ord. 10/6/76
#1901, providing for reduced pension benefits
for General Employees commencing employment
on or after July 1, 1976, (1st reading 9/1/76).
City Atty. advised that 1) Par. (b) of Sec.
5.02 had inadvertently been omitted from ord.
passed on first reading, 2) ordinances may not
contain retroactive provisions. Ord. amended
prior to second reading so as to include Par.(b)
PENSION BOARD & SYSTEM 117
(continued) Date
of Sec. 5.02, and to provide for Nov. 1, 1976,
effective date. Ord. #76-2075 adopted, as
amended. 10/6/76
Memo #6202, Board and Committee appointments, 2/16/77
(deferred from 2/2/77). Appointment of one
Council Pension Board Member (replacement
for Councilman Sahl) deferred to 3/2/77.
Memo #6215, Councilman Dr. Haber appointed as 3/2/77
Council member to Pension Brd. (deferred from
2/16/77). (Replacement for Councilman Sahl.)
Memo #6463, appropriation for Special 1976 8/17/77
Actuarial Studies. Appropriation from
PENSION BOARD & SYSTEM 118
(continued) Date
Contingency Fund in the amount of $2,865 for
General Employees' and Elected Officials'
Pension System. 8/17/77
Memo #6471, audit contract for Retirement
System for General Employees and Elected
Officials. Not reached. Deferred to 9/7/77.
Canvassing returns of election held 8/30/77, 9/7/77
to elect regular member from Group I of City
Employees to serve as Trustee of M.B. Retire-
ment System for General Employees. Res.
#77-15426 adopted, declaring John Phillips
to be elected as Group I Trustee, for 3 -year
term expiring 8/31/80.
8/17/77