Number
110641
Version
ORIGINAL
Reference
Sponsor
ALD. ZIELINSKI
Title
Resolution authorizing the City Comptroller's Office to execute employee payroll deductions for volunteer contributions to the City for pension liabilities.
Analysis
This resolution authorizes the City Comptroller's Office to execute employee payroll deductions for volunteer contributions to the City for pension liabilities.
Body
Whereas, The City faces an increasing economic hardship due to cuts in state aid and other reduced revenues; and
Whereas, The City faces a growing liability for employee pensions; and
Whereas, Many City employees are not required to contribute to their pensions; and
Whereas, City employees have shown an interest in voluntarily contributing to the City in order to offset the City's financial burden for rising pension costs; and
Whereas, Payroll deduction is a convenient method for making such voluntary contributions; now, therefore, be it
Resolved, By the Common Council of the City of Milwaukee, that the City Comptroller's Office is authorized to execute employee payroll deductions for volunteer contributions to the City for pension liabilities.
Requester
Drafter
LRB128776-1
Mary E. Turk
8/30/11