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HomeMy WebLinkAbout2860 ORDINANCE NO. AN ORDINANCE amending Ordinance No. 1572 to pro- vide for an increase in pension allowances in cur- rent service allowances and further to provide for transfer of jurisdiction from the Board of ministration to the Bremerton City Council. THE CITY OF B~TON DOES ORDAIN: Section 1. That Ordinance No. 1572 (as amended), Section 14 (F), is hereby amended to read as follows: (F) Effective as of date of this amendment, that is, the amendment of September 25, 1965, all basic pensions of presently retired members or their beneficiaries shall be increased 10% over that amount in effect i~mediately prior to this amendment of September 25, 1969 plus a flat increase of $100.00 per year for all re- tirees, unaffected by any distribution of in- terest earned on pension reserves as provided in Section (E) above. Further, the current service allowance of all retirees shall be increased by 20%. Both increases shall be retroactive to July 1st of 1969. Section 2. That Ordinance No. 1572 (as amended) is amended so as to substitute the words "City Council" in all places in that Ordinance presently referring to "Board of Administration". More specifically, the City Council of the City of Bremerton shall supersede the Board of Admin- istration in administering Ordinance No. 1572 as provided for in Section 7 of that Ordinance. Section 5. That an emergency exists and is declared to exist affecti~Ig the public peace, health and safety of the citizens of the City of Bremerton, and this Ordinance shall take effect inmediately following passage and publication. (1) PASSED unanimously on first reading by the City Council of the City of Bremerton, signed by the Mayor and attested by the City Clerk in authentication of such passage this /~%.~l~ day of _ ~. ~ ~.~-, 1969. ~~STA~D~ ~ ATTEST: D LL R. VAA, Acting City Clerk -2-