City of Milwaukee - File #: 060981

• File #: 060981
• Version: 0
• Type: Charter Ordinance
• Status: Passed
• File created: 11/14/2006
• In control: FINANCE & PERSONNEL COMMITTEE
• Final action: 12/12/2006
• Effective date: 3/5/2007
• Title: A charter ordinance relating to annuity increases for members of the policemen's annuity and benefit fund and abolishing the supplementary payment fund within the policemen's annuity and benefit fund.
• Sponsors: THE CHAIR
• Indexes: CHARTER ORDINANCES, POLICEMENS ANNUITY AND BENEFIT FUND, RETIREMENT BENEFITS

Date	Ver.	Action By	Action	Result	Tally
1/3/2007	0	CITY CLERK	PUBLISHED
12/18/2006	0	MAYOR	SIGNED
12/12/2006	0	COMMON COUNCIL	PASSED	Pass	15:0
11/29/2006	0	FINANCE & PERSONNEL COMMITTEE	RECOMMENDED FOR PASSAGE	Pass	5:0
11/22/2006	0	FINANCE & PERSONNEL COMMITTEE	HEARING NOTICES SENT
11/16/2006	0	FINANCE & PERSONNEL COMMITTEE	REFERRED TO
11/14/2006	0	COMMON COUNCIL	ASSIGNED TO

Number
060981
Version
ORIGINAL
Reference

Sponsor
THE CHAIR
Title
A charter ordinance relating to annuity increases for members of the policemen's annuity and benefit fund and abolishing the supplementary payment fund within the policemen's annuity and benefit fund.
Sections
35-01-71-f cr
35-05 rp
Analysis
This charter ordinance increases monthly payments to members of the policemen's annuity and benefit fund based on a formula taking into account current supplemental payments, and also abolishes the supplementary payment fund as a separate fund within the policemen's annuity and benefit fund.
Body
The Mayor and Common Council of the City of Milwaukee do ordain as follows:

Part 1. Section 35-01-71-f of the charter is created to read:
35-01. Policemen's Annuity and Benefit Fund.
71. ANNUITY INCREASES.
f. Pensioner as of January 1, 2006.
f-1. Commencing in 2006 the $94 and $33 supplemental annuities will be permanent for any pensioner (annuitant and widow annuitant).
f-2. Commencing in 2006 for any pensioner (annuitant and widow annuitant) their annuity will increase in accordance with the following formula:
f-2-a. If the sum of the December 2005 annuity payment plus the $94 and the $33 supplemental annuities is less than or equal to $440, the total annuity payment inclusive of the $94 and the $33 supplemental annuities will be $500.
f-2 b. If the sum of the December 2005 annuity payment plus the $94 and the $33 supplemental annuities is greater than $440, the total annuity payment inclusive of the $94 and the $33 supplemental annuities will increase by $60.

Part 2. Section 35-05 of the charter is repealed.

Part 3. This is a charter ordinance and shall take effect 60 days after its passage and publication, unless within such 60 days a referendum petition is filed as provided in s. 66.0101(5), Wis. Stats., in which event this ordinance shall not take effect until submitted to a referendum and approved by a majority of the electors voting t...