O-1976-1050 Firemen's Pension Benefit for the CLP

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a e Ordinance No. 1050 , Page 2. a benefit and from $12.00 per month to $24.00 per month where no widow is re- ceiving a benefit. Section 2. The City Commission of the City of La Porte hereby approves the actuarial study and valuation by Rudd and Wisdom, Consulting Actuaries, dated August 20, 1976, a true and correct copy of which is attached hereto as Exhibit "A", incorporated by reference herein, and made a part hereof for all purposes. Section 3. The City Commission of the City of La Porte hereby approves notification to Firemen's Pension Commissioner, Mr. Hal Hood, of benefit and eligibility requirement changes permitted under Section 7F of the Firemen's Relief and Retirement Law, a copy of which is attached hereto as Exhibit "B", incorporated by reference herein, and made a part hereof for all purposes. Section 4. The City Commission of the City of La Porte hereby appropriates from the General Funds of the City of La Porte, to the Firemen's Pension Fund of the City of La Porte, and hereby agrees to make the following annual contributions: a. $58 per member (active volunteer firemen con- tributing to fund and inactive volunteer firemen with 20-year certificates), and b. $10,429 per year for the 20-year period beginning October 1, 1976, and ending September 30, 1996. Such appropriations to supplement other funds available to said Firemen's Pension Fund. Section 5. This Ordinance shall be in full force and effect immediately upon its passage and approval. The increased pensions and benefits authorized hereunder shall be effective as of October 1, 1976.