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HomeMy WebLinkAbout1978-42 Amending Chapter 3.28 of the Vail Municipal Code Entitled "Policemen's Pension Fund"; Repealing Said Chapter 3.28 and Reenacting the Same to Provide for a Policemen's Pension Fundr ~ 7ffJ~~ ~ '~ f ~~ 4. _ t ....9 i ` ORDINANCE NO. / ~ Series of 1978 AN ORDINANCE AMENDING CHAPTER 3.28 OF THE VAIL MUNICIPAL CODE ENTITLED "POLICEMEN'S ~= PENSION FUND"; REPEALING SAID CHAPTER 3.28 AND REENACTING THE SAME TO PROVIDE FOR A POLICEMEN'S PENSION FUND, PROVIDING FOR A CONTRIBUTION BY THE TOWN TO THE PENSION FUND, A CONTRIBUTION BY MEMBERS OF THE VAIL POLICE DEPARTMENT TO THE PENSION FUND, AND FOR A RETURN OF THE CONTRIBUTION MADE BY MEMBERS OF THE POLICE DEPARTMENT TO THEM UPON LEAVING THE VAIL POLICE DEPARTMENT; PROVIDING DETAILS RELATING THERETO; AND DECLARING AN EMERGENCY WHEREAS, Chapter 3.28 of the Vail Municipal Code pro- vides for a Policemen's Pension Fund in accordance with the Statutes of the State of Colorado; WHEREAS, the Statutes have been substantially amended since the adoption of Chapter 3.28 and that Chapter needs to be revised in accordance with the new statutes; WHEREAS, it is the opinion of the Town Council that the contribution of individual police officers to the Pension Fund should be returned to them upon their leaving the Vail Police Department; and WHEREAS, the Town Council finds that this ordinance is necessary for the protection of the public health, safety and welfare; NOW, THEREFORE, BE IT ORDAINED BY THE TOWN COUNCIL OF THE TOWN OF VAIL, COLORADO, THAT: Section 1. Chapter 3.28 "Policemen's Pension Fund" is hereby repealed and reenacted to read as follows: POLICEMEN'S PENSION FUND 3.28.010 Authority As authorized by the Statutes of the State of Colorado, there is hereby created and established a Policemen's Pension Fund to be operated and maintained in accordance with the Statutes as they presently exist or may be amended in the future. 3.28.020 Board of Trustees A Board of Trustees is established for the local administration of the Police Pension Fund as provided by State Statute. The Ord. Page 2 members of the Board shall be as pxovided by the Statutes. The Board sha11 make all necessary rules and regulations for manag- ing and discharging its duties, shall supervise the Town's and the police officers' contributions to the Fund, shall hear and decide all applications for relief or pen- sions, and its actions on such contributions and applications shall be final and conclu- sive, except that when, in its opinion, justice demands that the action should be reconsidered, the same may be reversed by the Board. A record of the action and all other matters coming before the Board shall be kept and preserved, 3.28.030 Town Contribution The propex officers of the Tawn are authorized to contribute from the general funds of the Town a sum monthly that shall equal six percent (60) of the monthly salaries of the total Police Department of the Town. In November of each subsequent year, the Town's contribution shall be reviewed and increased or decreased as nec~:ssary tp provide for a sound Pension Fund. 3.28.040 Member Contributions All members of the Police Department shall from their respective monthly salaries contribute into the Town's Policemen's Pension Fund six percent (6%) of their respective monthly salar- ies so that the contribution of the Police Department as a whole shall match the contri- bution of the Town, and the appropriate officers of the Tom are authorized to make payroll deduc- tions from the salaries and wage checks of all policemen and members of the Police Department in such amount. In November of each subsequent year, the members' contributions shall be reviewed and increased or decreased as necessary to provide for a sound Pension Fund. If any new policeman or member of the Police Department has received the refund of his or her contribution to a Policemen's Pension Fund maintained by any Colorado municipality or special district, where he or she was employed next preceding his employment with the Town of Vail, he shall deposit that amount with the Town of Vail as a credit to his contribution to the Town of Vail Policemen's Pension Fund. 3.2$.050 Refund Any member of the Vail Police Department employed by the Town of Vail on December 1, 1978, or employed by the Town of Vail subsequent to Dec- ember 1, 1978, shall be entitled to the refund of any contribution he or she may have made to the Policemen's Pension Fund either in the form of a monthly deduction or an initial contribu- tion of previously refunded pension funds, upon the termination (voluntary or involuntary) of that member of the Vail Police Department. Ora. Pag4 3 ;~ Section 2. If any part, section, subsection, sentence, clause or phrase of this ordinance is for any reason held to be invalid, such decision shall not affect the validity of the remaining portions of this ordinance; and the Town Council hereby declares it would have passed this ordinance, and each part, section, subsection, sentence, clause or phrase thereof, regardless of the fact that any one ar more parts, sections, sub- sections, sentences, clauses or phrases be declared invalid. Section 3. S.B. 46 (1978) of the Colorado General Assembly relating to Policemen's and Firemen's Pension Funds, requires that any change in existing plans be made before December 1, 1.978. Therefore, in order to insure that this ordinance is effective, it is hereby adopted as an emergency measure, and it shall become effective in accordance with the Charter of the Town of Vail, as an emergency measure. YNTRODUCED, READ AS AN EMERGENCY ORDINANCE, APPROVED AND ORDERED PUBLISHED ONCE ZN FULL, this 21st day of November, 1978. Mayox v ATTEST; Town Clerk ,n O ~v . { ~. p' ~ , 1 ~G j.~ ~ k ~: B~ w ~ ~ e+ c ~o o = o °' O ~ w m Q O H ~ 0 O ror„o ~' m `~ a p ~ _ ~», ~' x \ r c,4 ~} d ~ ~ t1~ ~ ~ ~ ,, w a ~ ~ '* r m ~ a ~ i,~ C3 0 ~- g Q. a m 0 ro c c A m 0 A y Ir. sy a 0 n ~o a' C ro 0 M E'. 0 ,~ m .. w m a. 0 ., H R: a m w R M a r CO Iti a. m m eT ~'~ ~o~~~g~c]ea a. ~ ~ ~ ~ `° ~ ~ go 7 `~ ~ acs ~ C x ~; *~ ~ N ~ ~-n f.. 4. tC n a ~+ oQ ~' ro m~ C~OA~ ~r~rr~rG.~. tEO ~ ~ ~ r ~ ep-, `T ~ ~ 0 -i .n n ~` O ~i'e ro `C ~ o ~ p' ~ ~ ~ =, W O At~ C ~ .* ~no~py~~~,~ ~. " ° °. ~ °' ~ ~ ~° c a. ~ ~ pma~~ w r^o~ ~ R,~~~~~a~~ ~ o~~~bN~ y ~ ~,;oop;~.~]~ N ~ p ~ ~ ~ ~ R ~ CT R7 ~'• i° 'mp ro '~ ~ G R. 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