NUMB:
981492
VERS:
SUBSTITUTE 1
REF:
950929
XXBY:
THE CHAIR
TITL:
A substitute charter ordinance relating to funding of duty disability benefits.
SECS:
36-08-2-b am
36-08-2-c am
ANLS:
- Analysis -
Prior to February 1, 1996, charter pension law provided for 2 duty disability funds - the duty disability fund and the duty disability special fund. The common council merged these funds in Council File No. 950929, passed November 10, 1995, effective February 1, 1996. This charter ordinance amends the fund merger provisions, pursuant to the ruling in MPA, et al. v. City of Milwaukee, et al. In that case, the judgment upheld the merger of the funds for employes hired on or after February 1, 1996, and enjoined the merger for employes hired prior to that date. The charter ordinance complies with the judgment requirements by merging the 2 funds only for employes hired on or after February 1, 1996.
BODY:
The Mayor and Common Council of the City of Milwaukee do ordain as follows:
Part 1. Section 36-08-2-b and c of the charter is amended to read:
36-08. Method of Financing.
2. b. Duty Disability Fund. The actuary for the board shall each year determine what funds are required to provide duty disability benefits under s. 36-05-3 and heart and lung law benefits under s. 891.45, Wis. Stats. He or she shall certify the contributions required of the city and the city agencies to pay for the duty disability benefits for firemen and policemen and general employes; and also the contributions required of the city to pay benefits which arise and are allowed under the heart and lung law in excess of any disability and/or death benefits otherwise payable under the system. Benefits arising under the heart and lung law shall be paid only from a fund established for such purpose and such heart and lung benefits shall not be paid out of any other funds of the retirement system. Effective [[January]] >>February<< 1, 1996, there shall no longer be separa...
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