HomeMy WebLinkAbout1982-24 Intent to Become Affiliated with the Fire and Police Pension Associationt
S RESOLUTION #24
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rl RESOLUTION {tF INTENT TO BECOME
v<<~~ ::,.. ~_~do ~ ~u57 AFFILIATED WITH THE FIRE AND POLICE o~
tii;~ ti~ :n ~r~rk PENSION ASSOCIATION.WHEREAS,
C.R.S. 1973, 31-30-1001, as amended, enacted a state-
wide fire and police pension fund and plan with which the Town
of Vail may elect to affiliate, and WHEREAS,
the Town Council believes it to be in the best interest
of the Town and its police officers and firemen hired before
April 8, 1978, fox those police officers and firemen to affiliate
with the state association, fund and plan,NOW,
THEREFORE, BE IT RESOLVED by the Town Council of the Town
of Vail, Colorado, as follows:Section
1. Pursuant to C.R.S. 1973, Section 31-130-1003(3)(a)the
Town of Vail does hereby elect to affiliate its local policemen's and
firemen'spension plan with respect to its policemen and firemen hired
prior to April 8, 1978, with the Fire and Police Pension Association effective
January 1, 1983 and the Town requests that the Fire and Police
Pension Association Board waive the statutory nine {9} month waiting
period for such affiliation.Section
2. The Town Manager shall, pursuant to C.R.S. 1973 Section
31-30-1003(3)(d) request of the Board of Directors of said association
an actuarial estimate of the Town's contribution necessary
to comply with the contribution requirement established by
Paragraph 10 of said Act.Section
3. This resolution shall. become effective immediately on
passage and the Town Clerk is directed to file a certified copy of
this Resolution with the Fire and Police Pension Association as soon
hereafter as is practicable.INTRODUCED,
READ, APPROVED AND ENACTED this 7th day of December,1982.
Rodney
E. Slifer, Mayor ATTEST:
Colleen
M. Kl.~ne, Town Clerk