HomeMy WebLinkAboutD-1000 Amend Retirement BenefitORDINANCE D-1000
AN ORDINANCE OF THE COMMON COUNCIL OF
THE CITY OF CARMEL, INDIANA
AMENDING CHAPTER 2, SECTION 2-48,
OF THE CARMEL CITY CODE
ENTITLED RETIREMENT
WHEREAS, the City of Carmel provides certain retirement benefits to
its employees, and
WHEREAS, the City of Carmel's present code reflects out-dated
requirements, and
WHEREAS, the City of Carmel finds it is necessary to amend City
Code to reflect manadorty requirements of the Public Employees
Retirement Fund.
NOW THEREFORE BE IT ORDAINED by the Common Council of the City of
Carmel, Indiana that Chapter 2, Section 2-48 be amended as follows:
Section I. All full time permanent employee~ (with the exception
of sworn police and fire personnel) who work or expect to work six
hundred (600) hours or more per year must join the Public Employees
Retirement Fund (PERF) on the first date of hire. Three percent of
the gross wages is deducted from the salary as the employee's
share. Employee contributions may be refunded upon termination of
employment and application to PERF.
Section II. All prior Ordinances or parts thereof inconsistent
with any provisions of this Ordinance are hereby repealed.
Section III. This ordinance shall be in full force and effect from
and after its passage and signing by the Mayor.
PASSED BY THE C~OnON~NCOUNCIL OF THE CITY OF CARMEL, INDIANA, THIS
~ DAY OF 1993.
TE~~AYOR'
pRES~ING)FFICER
SUSAN W. REPP, CLERK-TREASURER
PRESENTED by me to the Mayor of the City of Carmel Indiana, on ths
ATTEST:
/~usan W. Repp, Cle~k-Treas~~r
Ted J~n,
Mayor