Loading...
HomeMy WebLinkAbout1967- 9 Concerning the Policeman's Pension Fund and Authorizing the TOV to Pay from the General Funds of the Town into the Policeman's Pension Fund the sum of 4% of the Monthly Salaries of the Total Police Department/.. ~ ~ .... -r ~ R ~ ~ ORDINANCE A10. ~I SERIFS 1967 • "AN ORDINANCE CONCERtJING THE POLiCEr~iEAT' S PENSION FUND At•TD ALTTHORI2IAG THE TO~•?N OF VAIL Tn PAY FROM TfiE GENERAL FUNDS OF THI? TOt~'T:? INTO TF'E POLICEP•~ENT' S PENSIOT' FUND THE SUPT OF 4$ OF Ti'F 7~90NTHLY SALARIES OF TFir' TOTAL POLICE DEPART~~ENT. " BE IT ORDAINED BY THr BOARD OF TRUSTEES OF THE T06~J1~T OF VAIL, COLORADO: SECTION 1. Statutory Authority By statute (CRS 139- 49-2 1963, as Amended) there i~ created an~a established a Board of Trustrees and the Policemen's Pension Fund, and by statute (CRS 139--49-20 1963, as A.mendec?) the Town of Vail is granted the power to nay from the general funds of the Town into the Police- men's Pension Fund such sum monthly as shall not exceed 5$ of the monthly salaries of the total police department, anc~. by statute {CRS 139-49-21) it is provided that in municipalities that make contributions from the general funds into the Policemen's Pension Fund, the members of such police department shall from their respective monthly salaries contribute into the Town's Policemen's Pension Fund identical percentages monthly of their respective monthly salaries. con ri u e g Fund the amount specified in Section 3 of this ~rdipance. SECTION 2. Findings. The Aoard of Trustees hereby finds and determines that it is in the best interests of the Town in order to promote the general ~aelfare and to provide for the hiring and retention of qualified police officers, that the Town t 'b t from the eneral funds into the Policemen's Pension SECTION 3. Contribution. department of the Town. (b) All members of the police department shall from their respective monthly salaries contribute into the Town's Policemen's Pension Fund 40 of their respective monthly salaries so that the contribution of the police department as a whole shall match the contribution of the Town, and the Tom Treasurer-Clerk is hereby t~uthorized to make payroll deductions from the salaries and wage checks of all policement in such amount. (a) The proper officers of the Town are hereby authori2ed to contribute from the general funds of the Town a sum monthly that shall equal 4$ of the monthly salaries of the total police SECTION 4. Emergency. The Board of Trustees hereby finds, determines and declares that an emergency exists anc? this .. ~_` ~ • • • • Ordinance is necessary for the immediate preservation of the public peace, health and safety and, therefore, this Ordinance shall be in full force and effect upon the expiration of 5 days from and after its final passage and publication. READ, PASSED, ADOPTED ADTD ORDERED PUBLISHED this /,~ day of ?~varch, 1967. ' Mayor ATTEST° ~G~-~ fJ~l~' Town Clerk ~~ Finally passed, adopted and approved on this ~~ day o f ~~~~.~' 19 6 APPROVEII: ~ ~ // r ~ t~ ~ -%~ ~ ---~~-, ~ ~...-~~Mayo r ATTEST: ~~d,~-~ ~ kC. -~'~. Town Recorder (SEAL)