Subject: 9609/Amend #9585 Retirement Incentive
Date: Mon, 4 Jun 1990 17:11:00 -0500


                                 ORDINANCE NO. 9609
                  
                   AN ORDINANCE TO AMEND ORDINANCE NO. 9585,
                   ENCAPTIONED AS SET FORTH BELOW, THE BUDGET
                   ORDINANCE, SO AS TO PROVIDE FOR A RETIREMENT
                   INCENTIVE PLAN.
                  
                          ______________________________
        
              	   BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF
         CHATTANOOGA, TENNESSEE, That:
              	   SECTION 1.  That Ordinance No. 9585, encaptioned:  "AN 

         ORDINANCE TO PROVIDE REVENUE FOR THE FISCAL YEAR BEGINNING JULY 

         1, 1991, AND ENDING JUNE 30, 1992, AND APPROPRIATING SAME TO 
THE
         PAYMENT OF EXPENSES OF THE MUNICIPAL GOVERNMENT; FIXING THE 
RATE
         OF TAXATION ON ALL TAXABLE PROPERTY IN THE CITY, AND THE TIME
         TAXES AND PRIVILEGES ARE DUE, HOW THEY SHALL BE PAID, WHEN THEY 

         SHALL BECOME DELINQUENT; AND PROVIDING FOR INTEREST AND PENALTY 

         ON DELINQUENT TAXES AND PRIVILEGES." be and the same is hereby
         amended so as to amend Section 7 by adding new subsections 7(d) 

         through (g) as follows:
        
                   (d) 	Any full-time employee of the City who
                   has more than one full year of service shall
                   be eligible for an "early retirement
                   incentive."  This shall not include employees
                   in any jointly funded agency unless authorized
                   by such agency and the agency pays the amounts
                   due to the employee from its budget.
                  
                   (e)	The "early retirement incentive" shall be
                   calculated upon the basis of one (1) week's
                   pay for each full year of the employee's
                   total full years service next preceding
                   retirement or service credited under either
                   the General Pension Plan or the Firemen and
                   Policemen's Insurance and Pension Fund not to
                   exceed twenty-five (25) weeks.  Payments to
                   the employee as an retirement incentive shall
                   be credited to funds appropriated to the
                   respective departments for salaries, wages and
                   fringe benefits with the balance, if any,
                   appropriated from the unencumbered fund
                   balance.
                  
                   (f)	That to be eligible for the "early
                   retirement incentive" the employee must make
                   an application to the Personnel Director upon
                   forms to be provided by the Personnel Director
                   on or before August 30, 1991, which shall
                   establish a retirement date on or before
                   December 31, 1991.
                  
                   (g)	Employees who retire in December 1991
                   shall be paid the incentive in January 1992. 
                   Those employees who retire prior to December
                   1991 shall be paid in full within thirty days
                   following retirement providing that such
                   payment shall not cause them to earn more
                   money than they would have otherwise earned
                   from the City during 1991 in which event they
                   shall be paid in 1991 amounts equivalent to
                   what they would have otherwise earned in 1991
                   with the balance payable in January 1992.
                  
              	   SECTION 2.  Payments made to employees as an "early
         retirement incentive"  shall not constitute wages or payments 
in
         lieu of wages and shall not be subject to withholding for or
         payment of pension contributions.
              	   SECTION 3.  This "early retirement incentive" shall
         apply to all employees who were employed on August 1, 1991;
         providing that they were not terminated for cause or they
         otherwise left the city's employment for reasons not related to 

         this incentive.  Employees who accept this incentive shall not
         hereafter be eligible for employment by the city.
              	   SECTION 4.  That if any section, sentence or word of
         this ordinance should be declared invalid by a court of
         competent jurisdiction, such holding shall not affect the
         remaining sentences, sections, or words of this ordinance, but
         the same shall remain in full force and effect.
              	   SECTION 5.  That this Ordinance shall take effect
         immediately, being a matter of urgency and required by the
         public peace, health or safety.
        
        
         PASSED on Third and Final
        
         Reading _________________     
__________________________________
              	   	     	       	          CHAIRPERSON
        
              	   	     	       APPROVED: ______ DISAPPROVED:_____
        
              	   	     	       DATE:___________ ___, 1991.
        
              	   	     	       __________________________________
              	   	     	       	    	     MAYOR