HomeMy WebLinkAbout~Master - Establishing a Termination Date for Current Utility Retirement System ORDINANCE NO. 3439
AN ORDINANCE TO AMEND THE MUNICIPAL CODE OF THE CITY OF
AMES, IOWA, BY ENACTING A NEW SUBSECTION 28.409(3) FOR THE
PURPOSE OF PROVIDING A TERMINATION DATE FOR THE CURRENT
UTILITY RETIREMENT SYSTEM; REPEALING ANY AND ALL
ORDINANCES OR PARTS OF ORDINANCES IN CONFLICT TO THE EXTENT
OF SUCH CONFLICT AND ESTABLISHING AN EFFECTIVE DATE.
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
enacting a new Subsection 28.409(3)as follows:
"(3) The provisions of subsections(1)and(2)above notwithstanding,because the defined
benefit utility retirement system now provided is to be terminated and replaced by a defined
contribution utility retirement system, no application for retirement under the said defined benefit
system shall be received after August 1, 1997; and no person shall receive payments under the said
defined benefit utility retirement system subsequent to September 29, 1997."
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 All ordinances or parts of ordinances in conflict herewith are hereby repealed to the extent of such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 loth day of June , 1997.
7- 6-c� 4, 1//
Sandra L. Ryan,City Clerk Larry R.Curtis,M yor
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