Subject: 9785/Pension(F&P) Increase
Date: Tue, 1 Sep 1992 17:02:00 -0500


       
       
       
                              ORDINANCE NO. 9785
       
        	AN ORDINANCE TO INCREASE THE PENSION BENEFITS
                UNDER THE FIREMEN'S AND POLICEMEN'S INSURANCE AND
                PENSION FUND AS PROVIDED BY ORDINANCE NO. 8688,
                SECTION 1 (10), NOW CODIFIED AS SECTION 13.75 OF
                THE CHATTANOOGA CITY CHARTER
       
                         _______________________
       
       
        	   WHEREAS, Ordinance No. 8688, Section 1 (10), now codified
        as Section 13.75 of the Chattanooga City Charter, provides that 
the
        Board of Commissioners of the City of Chattanooga, in its 
discretion,
        after a recommendation has been received by the Board of 
Directors of
        the Firemen's and Policemen's Insurance and Pension Fund may, by 

        ordinance passed on three separate readings, increase such 
pension
        benefits in this section or any section of the Private Acts of 
1949,
        Chapter 165, as amended;
                                   NOW, THEREFORE,
        	   SECTION 1:  BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY
        OF CHATTANOOGA, TENNESSEE, That the pension benefits provided by 
the
        Firemen's and Policemen's Insurance and Pension Fund be and the 
same
        are amended for any retired employee of the department of safety 
who
        was a participant in the Firemen's and Policemen's Insurance and 

        Pension Fund, and whose beneficiaries for any reason do not 
receive
        the $10,000.00 death benefit of Section 13.74, or the monthly 
widow's
        benefit in Section 13.76 of the City Charter as constituted on 
the
        date this ordinance becomes effective, by adding the following:
0C
       
       
              At the death, hereafter, of any retired employee of the
              department of safety, who was a participant in the
              Firemen's and Policemen's Insurance and Pension Fund,
              and whose beneficiaries for any reason do not receive
              the $10,000.00 death benefit in Section 13.74, or the
              monthly widow's benefit in Section 13.76 of the City
              Charter as constituted on the date this ordinance
              becomes effective, there shall be paid from the said
              Firemen's and Policemen's Insurance and Pension Fund,
              whichever said benefits have not been received.
        
         	   SECTION 2:  BE IT FURTHER ORDAINED, That this ordinance
         shall take effect two (2) weeks from and after its passage as
         required by law.
        
         PASSED on Third and Final
         Reading September 8, 1992	     s/s___________________________
         	           		     CHAIRPERSON
              	  
         	   APPROVED___DISAPPROVED:___
         	   DATE:__________________, 1992
         	   s/s__________________________
            	              MAYOR