HomeMy WebLinkAboutD-509 Amend Salary/CPD ORDINANCE D---~O~
AN ORDINANCE AMENDING SALARY ORDINANCE D-486,
ORDINANCE FOR 1987 SALARIES
WHEREAS, the Common Council of the City of Carmel, Indiana,
July 28, 1986, passed Ordinance D-486, Salary Ordinance for
1987 Salaries, and
on
WHEREAS the Council desires to amend said ordinance to provide for
the payment of the equivalent of the City share of social security
into a deferred compensation plan for police officers not covered
by social security.
NOW THEREFORE, BE IT ORDAINED by the Common Council of the City
of Carmel, Indiana that Ordinance D-486 be amended to add the
following:
The City shall pay into a deferred compensation plan the
equivalent of the City share of social security based on
the gross salary for those police officers not covered
by social security. This amount shall not be considered
in computing the base for pension payments.
The remainder of said Ordinance shall remain in full force and
effect.
Dated this /~ day of December, 1986.
Presiding Officer
APPROVED:
ATTEST:
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