City of Milwaukee - File #: 050744

• File #: 050744
• Version: 0
• Type: Charter Ordinance
• Status: Passed
• File created: 9/27/2005
• In control: FINANCE & PERSONNEL COMMITTEE
• Final action: 10/18/2005
• Effective date: 1/3/2006
• Title: A charter ordinance abolishing the policemen's annuity and benefit fund board of trustees and transferring administrative and managerial responsibilities with respect to the policemen's annuity and benefit fund to the annuity and pension board.
• Sponsors: THE CHAIR
• Indexes: EMPLOYES RETIREMENT SYSTEM, POLICEMENS ANNUITY AND BENEFIT FUND, RETIREMENT BENEFITS

Date	Ver.	Action By	Action	Result	Tally
11/3/2005	0	CITY CLERK	PUBLISHED
10/26/2005	0	MAYOR	SIGNED
10/18/2005	0	COMMON COUNCIL	PASSED	Pass	15:0
10/12/2005	0	FINANCE & PERSONNEL COMMITTEE	RECOMMENDED FOR PASSAGE	Pass	3:0
10/6/2005	0	FINANCE & PERSONNEL COMMITTEE	HEARING NOTICES SENT
10/5/2005	0	FINANCE & PERSONNEL COMMITTEE	HEARING NOTICES SENT
9/30/2005	0	FINANCE & PERSONNEL COMMITTEE	REFERRED TO
9/27/2005	0	COMMON COUNCIL	ASSIGNED TO

Number
050744
Version
ORIGINAL
Reference

Sponsor
THE CHAIR
Title
A charter ordinance abolishing the policemen's annuity and benefit fund board of trustees and transferring administrative and managerial responsibilities with respect to the policemen's annuity and benefit fund to the annuity and pension board.
Sections
35-01-3-b am
36-15-1-e cr
Analysis
This ordinance abolishes the policemen's annuity and benefit fund board of trustees and transfers administrative and managerial responsibilities with respect to the policemen's annuity and benefit fund to the annuity and pension board (employees' retirement system). Abolition is conditioned on meeting the requirements of s. 35-01-3-b: two-thirds of the board members must consent to abolition, then at least two-thirds of the fund's adult members and beneficiaries, present at a meeting or by proxy, must approve the board's decision by at least a two-thirds vote.
Body
The Mayor and Common Council of the City of Milwaukee do ordain as follows:

Part 1. Pursuant to the provisions of s. 35-01-3-b, the board of trustees of the policemen's annuity and benefit fund is abolished. The powers and duties under this chapter are granted to the annuity and pension board, established under ch. 36, pursuant to ss. 35-01-3-b and 36-15-1-e.

Part 2. The city of Milwaukee shall indemnify and hold harmless the board of trustees of the policemen's annuity and benefit fund, its officers, directors and employees from any and all liability, damages, or injury arising out of the transfer of the administration and management of the policemen's annuity and benefit fund to the annuity and pension board.

Part 3. Section 36-15-1-e of the city charter is created to read:
36-15. Administration.
1. ANNUITY AND PENSION BOARD.
e. Policemen's Annuity and Benefit Fund.
e-1. The annuity and pension board is authorized to exercise all powers and duties vested in the policemen's annuity and benefit fund board of trustees by ch. 35.
e...