City of Ann Arbor - File #: 10-0557

• File #: 10-0557
• Version: 1
• Name: 6/7/10 - Ordinance Amending Section 1:572(b)
• Type: Ordinance
• Status: Passed
• File created: 6/7/2010
• In control: City Council
• On agenda: 6/21/2010
• Final action: 6/21/2010
• Enactment date: 6/7/2010
• Enactment #: ORD-10-18
• 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-10-18)

Date	Ver.	Action By	Action	Result
6/21/2010	1	City Council	Held and Closed
6/21/2010	1	City Council	Adopted on Second Reading	Pass
6/7/2010	1	City Council	Approved on First Reading	Pass

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-10-18)
Memorandum
The proposed amendment to the pension ordinance implements an increase to the employee contribution made by non-union members to the annuity savings fund of the Employees Retirement System effective July 1, 2010.
This increase is consistent with the current contribution level for fire fighter members represented by IAFF 693 and reflects the City Administrator’s budget recommendation approved by City Council on April 17, 2010 as part of the adopted budget for the fiscal year July 1, 2010 - June 30, 2011.
Staff
Prepared by: Nancy Niemela, Senior Assistant City Attorney
Reviewed by: Robyn Wilkerson, Human Resources Manager, Stephen K. Postema, City Attorney
Approved by: Roger W. Fraser, City Administrator
Body
ORDINANCE NO. ORD-10-18

First Reading : June 7, 2010 Approved: June 21, 2010
Public Hearing : June 21, 2010 Published: June 25, 2010
Effective: July 4, 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 accumulated, at regular interest, the contributions from the compensation of members to provide their annuities.

(b) Effective February 1, 2010, contributions of members who are represented by the International Association of Fire Fighters (IAFF), Local 693 shall be 6% of the compensation paid by the City. Effective July 1, 2010, contributions of non-union employees shall be 6% of the compensation paid by the City. The contributions of any other member shall be 5% of the compensation paid by the City. Member contributions sha...