City of Milwaukee - File #: 001567

• File #: 001567
• Version: 2
• Type: Charter Ordinance
• Status: Passed
• File created: 2/27/2001
• In control: FINANCE & PERSONNEL COMMITTEE
• Final action: 9/25/2001
• Effective date: 12/10/2001
• Title: A substitute charter ordinance establishing a supplementary payment fund within the policemen's annuity and benefit fund.
• Sponsors: THE CHAIR
• Indexes: CHARTER ORDINANCES, POLICEMENS ANNUITY AND BENEFIT FUND, RETIREMENT BENEFITS, WAGES AND BENEFITS

Date	Ver.	Action By	Action	Result	Tally
10/11/2001	2	CITY CLERK	PUBLISHED
10/4/2001	2	MAYOR	SIGNED
9/25/2001	2	COMMON COUNCIL	PASSED	Pass	16:0
9/20/2001	2	FINANCE & PERSONNEL COMMITTEE	RECOMMENDED FOR PASSAGE	Pass	4:0
9/19/2001	2	CITY CLERK	DRAFT SUBMITTED
9/19/2001		FINANCE & PERSONNEL COMMITTEE	REFERRED TO
9/11/2001	1	FINANCE & PERSONNEL COMMITTEE	HEARING NOTICES SENT
9/11/2001	1	FINANCE & PERSONNEL COMMITTEE	HEARING NOTICES SENT
3/14/2001	0	FINANCE & PERSONNEL COMMITTEE	HELD TO CALL OF THE CHAIR	Pass	4:1
3/5/2001	0	FINANCE & PERSONNEL COMMITTEE	HEARING NOTICES SENT
3/5/2001	0	FINANCE & PERSONNEL COMMITTEE	HEARING NOTICES SENT
3/5/2001	0	FINANCE & PERSONNEL COMMITTEE	HEARING NOTICES SENT
3/1/2001	1	CITY CLERK	DRAFT SUBMITTED
2/28/2001		FINANCE & PERSONNEL COMMITTEE	REFERRED TO
2/28/2001		FINANCE & PERSONNEL COMMITTEE	REFERRED TO
2/27/2001	0	COMMON COUNCIL	ASSIGNED TO

Number
001567
Version
SUBSTITUTE 2
Reference

Sponsor
THE CHAIR
Title
A substitute charter ordinance establishing a supplementary payment fund within the policemen's annuity and benefit fund.
Sections
35-05 cr
Analysis
This charter ordinance establishes a separate fund within the policemen's annuity and benefit fund to receive separate contributions from the city. It also authorizes the retirement board to disburse the fund in order to provide equal payments to every beneficiary.
Body
The Mayor and Common Council of the City of Milwaukee do ordain as follows:

Part 1: Section 35-05 of the charter is created to read:

35-05. Supplementary Payment Fund.

1. There is created within the policemen's annuity and benefit fund a separate fund to be known as the supplementary payment fund. Such fund shall be funded by separate contributions from the city.

2. The supplementary payment fund shall be invested and administered by the retirement board. The retirement board shall be authorized to make distributions from the fund to pensioners in accordance with a resolution approved by the board and entered upon the permanent records of the board. Such resolution shall insofar as is practicable seek to make distributions in equal amounts to such persons whose names appear on the pension roll of the policemen's annuity and benefit fund at the time distributions are made.

Part 2. 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 thereon.
LRB

APPROVED AS TO FORM

_________________________
Legislative Reference Bureau
Date:_____________________
Attorney

IT IS OUR OPINION THAT THE ORDINANCE
IS LEGAL AND ENFORCEABLE

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