HomeMy WebLinkAbout~Master - Correcting Typographical Error in Ordinance 2494, RE: Utility Retirement System ORDINANCE NO. 3327
AN ORDINANCE TO AMEND THE MUNICIPAL CODE OF THE CITY OF
AMES, IOWA, BY REPEALING SUBSECTION 28.402(3) AND RE-
ENACTING SAID SUBSECTION FOR THE PURPOSE OF CORRECTING A
TYPOGRAPHICAL ERROR THAT OCCURRED WITH THE ENACTMENT
OF ORDINANCE NO. 2494 ON DECEMBER 17, 1994.
BE IT ENACTED, by the City Council for the City of Ames, Iowa,that:
Section One. The Municipal Code of the City of Ames, Iowa shall be and the same is hereby amended by
repealing subsection 28.402(3) and re-enacting said subsection as follows:
"(3) Creditable Service. The period beginning on the date upon which an employee is first
employed by the utility and ending on the date of the latest separation from employment,excluding
any prior periods of employment for which separation benefits were withdrawn, any intervening
periods during which the employee was separated from employment following a resignation, a
dismissal or a lay-off in excess of thirty (30) days, and any period after the employee attains
mandatory retirement age, but not excluding military duty and periods of disability as herein
defined. Additionally,a person who terminated employment with the utility prior to the enactment
of provisions allowing for vesting,and then became employed by the utility again, may have credit
for years of service for the period the employee was not employed by the utility for purposes of
computing the retirement benefit, by making a payment to the utility in such amount as the city
treasurer shall compute to be the amount of the contributions the employee would have made had
employment with the utility not been interrupted,plus the interest that would have been earned by
the systems on said contributions based on the actual investments made of employee contribution
funds during the relevant period."
Section Two. All ordinances or parts of ordinances in conflict herewith are hereby repealed to the extent of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 13th day of June 1995.
Sandra L. Ryan, City Clerk Larry R. s, Mayor
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