HomeMy WebLinkAboutA002 - proof of publication dated December 12, 1991 Proof of Publication in The
THE DAILY TRIBUNE
STATE OF IOWA,STORY COUNTY,as.
I, Craig-#cMailin or Joan Rost, on oath depose and
LEGAL NOTICE say that I am president, accounting manager of the
ORDINANCE NO. _3151 THE DAILY TRIBUNE, a daily newspaper, printed at
AN ORDINANCE TO AMEND THE MUNICIPAL CODE Ames, Story County, Iowa;that the annexed printed
OF THE CITY OF AMES, IOWA, BY REPEALING
SECTIONS 28.53, 28.68, AND 28.78(2)(A),
AND RE-ENACTING THE SAME REVISED TO EN-
HANCECity THE BENEFITS OF THE UTILITY RETIRE-
MENT SYSTEM AND PROVIDE REPRESENTATION ON
THE BOARD OF TRUSTEES FOR RETIREES; RE- O r d l all a c e # 3151
PEALING ALL ORDINANCES IN CONFLICT HERE-
WITH; AND SETTING AN EFFECTIVE DATE.
BE IT ORDAINED, by the City Council for
the City of Ames, Iowa: Section One. The
Municipal Code of the City of Ames, Iowa
is hereby amended by repealing Sections was published in Said newspaper for 1
28.53 and 28.68, and Subsection
28.78(2)(a), and re-enacting the same
revised to read as follows: "Sec.-28.53. COnS@CUtIV@ weeks, the first
BOARD OF TRUSTEES. The retirement system
is a trust and shall be administered by a and the last of said publication was on the
board of trustees composed of: the city's
director of finance; two (2) city council 1 2 t h December
members; one person elected by and from day Of
the water utility employees; one person
elected by and from the water pollution 1991
control employees; three (3) persons '
elected by and from the employees of the
electric utility as follows: one from the lc electric distribution work center, one
from the power plant, and one from the Sworn to beforA me and subscribed in my presence
electric administration (which includes
the city clerk, city manager, inspection by Cralg_AAeMu4in, Joan Rost.
personnel and other non-finance adminis-
trative personnel covered by the,system); 1 3 t h day of December
one person elected by and from finance mis
department employees; and a non-voting �a%�t
representative elected by and from persons ` •R
p JANE . NICHOLAS
who are receiving retirement benefits �
under the system." "Sec. 28.68. AMOUNT ♦ •
OF PAYMENT. Each person retired on or , "� tary Public
after their normal retirement date isC.
entitled to a -monthly normal retirement in and for the State of Iowa
income equal to one and eight-five hun-
dredths per cent (1.85%) of the employee's Fees,$ 26. 3 7
highest average earnings for each year of
creditable service. After five years of
such retirement the amount of said payment
shall be increased to two and five hun-
dredths percent (2.05%) of the said high-
est average earnings. In addition to the
aforesaid normal retirement income, a
retired employee may receive such addi-
tional retirement income as is, from time
to time, authorized by the board 6f trust-
ees pursuant to Section 28.44(11) hereof.
The 1.85 formula shall be used for all
retirements that occur after July 1, 1991,
and also for those retirements that oc-
curred before that date until such persons
have been retired for five years." "(a)
to the surviving spouse, an annuity pay-
able in monthly installments, equal to:
60% x years of service x 1.85% x highest
average earnings; but, not less than the
smaller of 60% x 40% x highest average
earnings or 605, x years of service to age
60 x 1.85% x highest average earnings."
Section Two. All ordinances or parts of
ordinances in conflict herewith shall be
repealed to the extent of such conflict if
any: Section Three. This ordinance shall
be in full force and effect from and after
its passage and publication as required by
law.
Passed this � day of December, 1991.
Nancy Dionigi, City Clerk
Larry R. Curtis, Mayor
Published in The Daily Tribune December
12,1991.