Title
An Ordinance to Amend Section 1:572(b) of Chapter 18, (Employees Retirement System) Title I of the Code of the City of Ann Arbor (Ordinance No. ORD-10-04)
Memorandum
Human Resources and the City Attorney’s Office recommend approval of the amendment of Section 1:572(b) of Chapter 18, Employees Retirement System Ordinance. The amendment to the pension ordinance implements an increase to the employee contribution made by members of the International Association of Fire Fighters, Local 693 (IAFF) to the annuity savings fund of the Employees Retirement System effective February 1, 2010.
On January 13, 2010, the IAFF ratified a tentative collective bargaining agreement with the City. The City Council approved that agreement on January 19, 2010. One of the provisions of that agreement is an increase in the amount of employee contribution to the annuity savings fund from 5% of compensation to 6% of compensation. Pursuant to the ratified collective bargaining agreement, this change will take effective on February 1, 2010. It will affect only members of the IAFF, Local 693. The amendment of the pension ordinance reflects this change in the contribution.
Staff
Prepared by: Nancy Niemela and Mary Joan Fales, Senior Assistant City Attorneys
Reviewed by: Robyn Wilkerson, Human Resources Manager, Stephen K. Postema, City Attorney
Approved by: Roger W. Fraser, City Administrator
Body
ORDINANCE NO. ORD-10-04
First Reading : January 19, 2010 Approved: February 1, 2010
Public Hearing : February 1, 2010 Published: February 4, 2010
Effective: February 15, 2010
EMPLOYEES RETIREMENT SYSTEM
An Ordinance to Amend Section 1:572(b) of Chapter 18, Title I of the Code of the City of Ann Arbor
The City of Ann Arbor Ordains:
Section 1. That Section 1:572 of Chapter 18 of Title 1 of the Code of the City of Ann Arbor be amended to read as follows:
1:572. Annuity savings fund.
(a) The annuity savings fund shall be the fund in which shall be ac...
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