HomeMy WebLinkAboutA003 - proof of publication, June 2, 1977 LEGAL NOTICE
ORDINANCE NO. 2604 Proof of Publication in The
AN ORDINANCE TO AMEND SecCode tion Oe. The Municipa
of therCity of Ames, I wa1 AMES DAILY TRIBUNE
THE MUNICIPAL CODE OF
THE CITY OF AMES, I OWA BY shall be and is hereby amended by
ADDING TO SECTION 36-10011 adding to Section 36-10011 thereof
THEREOF, AS SAID SECTION as said section has heretofore
WAS ENACTED BY OR- existed,anew subsection (d),said STATE OF IOWA,STORY COUNTY,ss.
DINANCE NO. 2379, AN AD- new subsection to read as follows:
DITIONAL SUBSECTION (d) "(d) A joint and survivor
FOR THE PURPOSE OF SET- option whereby monthly I �u;� __ii�CX W. T. Farley on oath
TING FORTH YET ANOTHER benefit payments are reduced J�17E3ld�+ y
OPTIONAL PAYMENT PLAN in return for an assured depose and say that I am lxbdidm foreman of
FOR UTILITY RETIREES T; monthly benefit payment to a the AMES DAILY TRIBUNE, a daily ENACTINGA NEW SECTION O designated surviving spouse y
BE NUMBERED 36-10012 FOR or for a specified number of newspaper, printed at Ames, Story County,
THE PURPOSE OF DEFINING payments with automatic
AND PROVIDING FOR conversion to normal Iowa;that the annexed printed
"VESTING" OF BENEFITS retirement income payments
UNDER T,HE UTILITY if the spouse should
R E T I R E M E N T SYSTEM,- predecease the retired em- Ordinance 42604 —AMPS
REPEALING SECTION 36-10056 ployee."
AS SAID SECTION WAS Section Two. The Municipal
ENACTED BY ORDINANCE NO. Code of the City of Ames, Iowa
2494 AND ENACTING A NEW shall be and is hereby amended by was published in said newspaper for 1
SECTION 36-10056 FOR THE enacting a new section as follows:
PURPOSE OF INCREASING "Sec. 36-10012 Vesting.THE NORMAL UTILITY consecutive weeks,the first
RETIREMENT INCOME FROM and the last Of said publication Was on the
1.6 per cent TO 1.8 per cent OF
HIGHEST AVERAGE EAR- 2nd day of June
NINGS; REPEALING SECTION
36-10082 AS SAID SECTION WAS
ENACTED BY ORDINANCE 19
2321 AND ENACTING A NEW
SECTION 36-10082 FOR THE / +
PURPOSE OF INCREASING Sworn to before me and subscribed my
DISABILITY BENEFITS FROM
50 per cent TO 75 per cent OF presence by kxJoC)lli @S W. T Farley
HIGHEST AVERAGE EAR-
NINGS; REPEALING ALL this 3rd day of June
ORDINANCES OR PARTS OF
ORDINANCES IN CONFLICT 19 77
HEREWITH TO THE EXTENT a
SUCH CONFLICT; AND, '���f il,��i(� ��
ES � otary Public
ESTABLISHING AN EF-
FECTI V E DATE. in and for Story County.
BE IT ENACTED, by the City Fees, $ 4� �g
Council for the City of Ames,
Iowa:
Heuss Printing--76473
(e) Cessation of Rights. Any
(a) Vesting defined. Any terminated vested employee who The benefit continues during
employee with five full and directs the return of his ac- the period of disability until
consecutive years of cumulated contributions will have theday upon which the first of
creditable service is "vested no further right to any benefits of the following occurs:
employee". If the em- the funds and will not be per- (a) Disability ceases in ac-
ployment of a vested em- mitted to repay the amount with- cordance with the cer-
ployee is terminated prior to drawn to regain entitlements." tification of a physician ap-
his retirement, other than Section Three. The Municipal proved by the Board.
death or disability, said Code of the City of Ames shall be (b) Earnings again become
vested employee shall upon and is hereby further amended by payable.
attaining age 65 receive the repealing section 36-10056 thereof (c) The employee refuses to
normal retirement income as as said section has existed submit to a reasonable
provided for by this chapter heretofore and enacting a new physical examination by any
or, if the employee so elects section 36-10056 to read as follows: physician approved by the
and has attained the age of 55, "Sec. 36-10056 Amount of Board.
the early retirement income Payment. (d) The employee dies or
established by this chapter, Each employee retired on his attains age sixty-five. (65)"
provided the employee does normal retirement date is Section Five. All ordinances or
not receive, prior to the date entitled to a monthly normal parts of ordinances in conflict
his retirement income is to retirement income equal to herewith are hereby repealed to
commence, a refund of ac- one and eight-tenths percent the extent of such conflict.
cumulated contributions (1.8�-') of his highest average Section Six.This ordinance shall
under any of the provisions of earnings for each year of be in full force and effect from and
this chapter. creditable service. In addition after its passage and publication
(b) Interest on Accumulated to the aforesaid normal as required by law.
Contributions. The ac- retirement income, a retired Passed this 24th day of May,
cumulated contributions of a employee may receive such 1977.
terminated vested employee additional retirement income Lee Fellinger,
shall be credited with interest as is, from time to time, Mayor
annually until withdrawn authorized by the Board of Mary E. Paul,
from the fund. Trustees pursuant to section City Clerk
(c) Right to Withdraw Con- 36-10004 (11) hereof. The 1.8 Signed by the Mayor this 24th
tributions. A terminated formula shall be used to figure day of May, 1977.
vested employee shall have all retirements that have been Published in The Ames Daily
the right, prior to the com- made since January 1, 1974." Tribune, June 2, 1977.
mencement of his retirement Section Four. The Municipal
income,to receive a refund of Code of the City of Ames, Iowa
his accumulated con- shall be and is hereby amended by
tributions. repealing section 36-10082 and
(d) Death benefits. In the enacting a new section 36-10082 as
event of a death of a ter. follows:
minated vested employee "Sec. 36-10082. Amount,
prior to the commencement of Duration of Disability
any retirement income and Benefits.
prior to withdrawal of ac- Each employee incurring a
cumulated contributions, the disability as defined in this
death benefit provided for by chapter is entitled to a
this chapter will be paid with monthly disability benefit of
respect to said terminated seventy-five percent (75',.) of
vested employee. his highest average earnings.