HomeMy WebLinkAbout2307 ORDINANCE NO. 2307
AN ORDINANCE relating to the crestion and establishment of a
retirement and pension system for certain officers and employees
of the City of Bremerton; providing for payment of retirement al-
lowances, prescribing conditions and providing for administration
of said system and amending Section 24 of Ordinance No.
THE CITY OF BRE~,!ERTON i~ES ORDAIN:
Section 1. That Section ~4 of Ordinance No. 1572 is hereby
amended to read as follows:
Section ~ 4. AP?ROP~IATI~:N ~'OR THE ADI~INISTRATION OF T~
SYSTEM: The City Council shall appropriate annually from
the Retirement Fund the amount it deems necessary for the
purpose of paying the expenses of administering the Retire-
ment System. This amount shall be based on the proportion
the work of a~ainistering the Retirement System bears to the
total work-loa~ of the Personnel Office. The Board of Ad-
ministration shall annually submit to the City Council its
estimate of the amount necessary to pay such expenses. The
City Council shall appropriate sufficient funds to pay the
preliminary cost of the establishment of said Retirement
System, such as clerical help, acturial survey costs, etc.
APPROVED on first reading this 5th day of November, 1958.
PASSED on second 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 ~6th day of November, 1958.
~Ff.O. D0b~STAD, Mayor
ATTEST:
E.H.T. McGO'WAN,/ City Cler'k