HomeMy WebLinkAboutO-1976-1050 Firemen's Pension Benefit for the CLPSeptember 22, 1976
CE RTSF SED MASL
TURN RECESP REQUESTED
Mr _ Hal H. Hood � Commissioner - - - _
Firemen• s Pension Commissioner
503-F Sam Houston State O££ice Building -
Austin� Texas 78701 �-• _
Dear Mr _
E x-xc losed please find a copy of Ordinance No. 1050 and attac2'Lments
increasing firemen's pension benefits for the City of La Porte_
Sf additional information is needed, please feel free to call
on me
Than)c you for your continued cooperation_
Ve�r7y truly yo(u!�Jr_ s
✓✓ �c � E l��rrc i �C/eC -c �!-���
Margie Goyen 4
City Clerk
E z�clo sure
MG
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ORDINANCE NO. 1050
AN ORDINANCE INCREASING THE FIRETMEN'S PENSION BENEFITS;
APPROVING AN ACTUARIAL STUDY AND VALUATION; MAKING APPRO-
PRIATIONS THEREFOR; AND PROVIDING AN EFFECTIVE DATE HEREOF.
BE IT ORDAINED BY THE CITY COMMISSION OF THE CITY OF LA PORTE:
Section 1. Pursuant to the Firemen's Relief and Retirement
Law, known as Article 6243e, Vernon's Civil Statutes of Texas,
as amended, the City Commission of the City of La Porte hereby
increases the Firemen's Pension Benefits as follows, to -wit:
1. All participating members shall receive an increase
in service retirement benefits (Section 6) and on -duty dis-
ability benefits (Section 7) from $25 per month to $50 per
month.
2. All participating members shall receive a 200 per
.cent increase in death benefits (Section 12) for widows from
$16.66 per month to $50.00 per month, and a 100 per cent
increase in death benefits (Section 12) for children from
$6.00 per month to $12.00 per month where a widow is receiv-
ing a benefit or from $12.00 per month to $24.00 per month
where no widow is receiving a benefit. These benefits shall
be paid where death is a result of performance of duty, or
occurs after service or disability retirement, or results
from any cause after qualification for a pension certificate.
3. All people receiving pensions (retired volunteer
firemen, widows of deceased volunteer firemen and children
of deceased volunteer firemen) shall receive an increase in
their pensions as follows:
a. Retired volunteer firemen - 100 per cent
increase from $25 per month to $50 per month.
b. Widows of deceased volunteer firemen - 200
per cent increase from $16.66 per month to
$50.00 per month.
C. Children of deceased volunteer firemen - 100
per cent increase from $6.00 per month to
$12.00 per month where the widow is receiving
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.
•
Ordinance No. 1050 , Page 3.
PASSED AND APPROVED, this the 20th day of September,
A.D. 1976.
CITY OF LA PORTE
yi J. J. Meza, Ma .or
ATTEST:
a
City Clerk
APPROVED:
City Attorney