HomeMy WebLinkAbout2259 ORDINANCE NO. ~'2.59
AN ORDINANCE relating to the retirement and pension system for certain
superannuated and disabled officers, and employees of the City of Bremerton,
providing for the payment of retirement allowances, fixin~ rates of contribution
and providing for the adjustment thereof, and amending Section 5 par. (b)
of Ordinance 1572, and declaring an emergency.
THE CI'I~£ OF BR q~,'~ERTON DOES ORDAIN:
Section 1. That Section 5 (b) paragraph 1 of 0rdJnance 1572 is hereby
amended to read as follows: Subject to the provisions of this ordinance, the
Board of Adzainistration, shall adopt rules and regulations governing the making
of deductions from the compensation of employees, and shall certify to the
Payroll Section, City Clerk's Office, t~e normal rate of contribution for each
member provided for in subdivision (a) of this ~ection. The Payroll Clerk
shall apply such rate of contribution to the compensation of' eachnember and shall
certify to the City Clerk on each and every payroll the a~nount to be
contributed, and the completed payrolls, showing these amounts, shall be filed
in the office of the Board of Administration. Each of said amounts shall be
deducted by the City Clerk, and shall be credited by the [Board, together with
r'egular interest, to the individual account of each member for whom the
contribution was m~de. Regular interest shall be cr.~dited to each individual
account at such periods as the Board may determine.
Sedtion 2. That an emergency exists and this ordinance is necessary for
the immediate preservation of public peace, health, safety and welfare, of the
citizens of the City of Br merton, and the same shall 'take effect following
passa~-~e and p~blication on January 1, 1958.
PASSED unanimously 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 18th day of December, 195V.
H: 0. ~DO~STA~, ~ayor
ATTEST:
E. H. T. McGOWAN, City Clerk