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HomeMy WebLinkAboutA004 - proof of publication, March 29, 1983 LEGAL NOTICE LEGAL NOTICE ORDINANCE NO. 2846 Proof of Publication in The AN ORDINANCE TO AMEND THE MUNICIPAL CODE OF THE CITY OF AM HE REPEALING SECTIONS - AMES DAILY TRIBUNE 28.46 AND 28.8.67 FOROR THE PURPOSE OF REVISING THE ELIGIBILITY REQUIREMENTS FOR NORMALRETIREMENT BENEFITS UNDER THE AMES UTILITY RETIREMENT SYSTEM; REPEALING ALL ORDINANCES OR PARTS OF ORDINANCES IN CONFLICT HEREWITH; AND ESTAB- LISHING AN EFFECTIVE DATE BE IT ENACTED, by the City Council for'the City of Ames, Iowa: STATE OF IOWA, STORY COUNTY, ss. 1� Section One. The Municipal Code of the City of Ames, Iowa shall be is hereby amended by repealing sections 28.46 and 28.67 as said.Is now now exist and enacting new sections 28.46 and 28.67 as follows,. I� S�cX�Cll�7kfc>�[rCsfK"Sec. 28.46. EMPLOYEE CONTRIBUTIONS, Robert J. Jacobsen, on oath depose and say that I am Each employee shall contribute six and ninetythree hundreths per cent (6.93%) of each payment of their earnings during the >FsMDtb kbm production foreman of the AMES period of current service until the employee attains age seventy , (70) or earlier retires and excluding periods of military duty and DAILY TRIBUNE, a daily newspaper, printed at disability. Employee,contributions shall be deducted from earnings paid to each employee and shall immediately be credited to the Ames,Story County,Iowa;that the annexed printed retirement fund. The contributions of each employee shall be ac- cumulated in a separate account and the interest credited thereon annually. City of Ames — Ordinance #2846 "Sec. 28.67. RETIREMENT DATE: EARLY, NORMAL, 55/30, MAN- DATORY. (1) The normal retirement date shall be the first day of the month following the month in which an employee in service or a disabled employee attains the-age,of sixty- five (65), However, age sixty-five (65) is not the man- datory retirement age. The mandatory retirement age is was published in said newspaper for 1 seventy (70) years. Each employee shall be retired upon the first day of the month following the month in which the employee attains age 70 if the employee has consecutive weeks,the first not previously elected to take normal retirement at age 65 or early retirement at age fifty-five (55) as provided and the last Of said publication W2S On the for in section 28,70 of this chapter. There shall be no penalty or loss of benefits whatsoever for the employee who elects to work past the normal retirement age of 29>:r day Of March sixty-five (65) to the mandatory retirement age of seventy (70). (2) Subsection I hereof notwithstanding, any employee with 1983 thirty (30) years of creditable service may elect to retire at any time after attaining age fifty-five (55) .and receive the full normal retirement benefit. Such retiree _ shall, for all purposes of the utility retirement system be deemed to be on normal retirement." Sworn t0 eforea�myee and b cribed in my presence Section Two. Any and all ordinances in conflict herewith are by 1dMDLXX7CSY C0WSX9WI:9)W K Robert J. hereby repealed to the extent of such conflict, if any. Section Three. This ordinance shall be in full Porte and Jacobsen. effect from and after the first day of July, 1984, Passed this 22nd day of March, 1983. this 2 9th day of March 1983 s (0_/i /4ary Public Nanc ibb s, Acting City Clerk F. Paul Goodland, Mayo in and for Story County. ` � rY Published in The Ames Daily Tribune, March 29, 1983. Fees,$ 28.98