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File #: 041018    Version: 0
Type: Resolution-Immediate Adoption Status: Passed
File created: 11/12/2004 In control: COMMON COUNCIL
On agenda: Final action: 11/12/2004
Effective date:    
Title: Resolution effectuating a provision of the 2005 budget relating to improving and stabilizing the Police Annuity and Benefit Fund.
Sponsors: ALD. MURPHY, ALD. DONOVAN, James N. Witkowiak
Indexes: BUDGET, POLICEMENS ANNUITY AND BENEFIT FUND, RETIREMENT BENEFITS
Number
041018      
Version
ORIGINAL
            
Reference
            
Sponsor
ALD. MURPHY, DONOVAN, WITKOWIAK
            
Title
Resolution effectuating a provision of the 2005 budget relating to improving and stabilizing the Police Annuity and Benefit Fund.
 
Analysis
 
This resolution effectuates a provision of the 2005 adopted city budget relating to the city's contribution to the Police Annuity and Benefit Fund. The resolution requires the Department of Administration to submit options to the Common Council for benefit improvement and a stable pension contribution.
 
Body
 
Whereas, The 2005 city budget contains a footnote requiring the Department of Administration to submit options to the Common Council for benefit improvement and a stable pension contribution to the Police and Annuity Benefit Fund; and
 
Whereas, By amendment and footnote to the 2005 adopted city budget, the Common Council wishes to ensure improved benefits and a stable pension contribution to the Police and Annuity Benefit Fund; now, therefore, be it  
 
Resolved, By the Common Council of the City of Milwaukee, that the Department of Administration shall submit options to the Common Council during 2005 for benefit improvement and a stable pension contribution to the Police Annuity and Benefit Fund.
      
Requestor
 
      
Drafter
            
LRB04462-1
jc
11/09/04