Subject: 9930/Code-Charter/Pension/F&P
Date: Mon, 27 Feb 1989 12:20:00 -0500


                              ORDINANCE NO.   9930 
                  
                  
                   AN ORDINANCE TO INCREASE THE PENSION
                   BENEFITS OF DEPENDENT CHILDREN 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, encaptioned:
            "AN ORDINANCE TO AMEND THE CHARTER OF THE CITY OF
            CHATTANOOGA, AND ALL ACTS AMENDATORY THEREOF, PURSUANT
            TO THE PROVISIONS OF ARTICLE 11, SECTION 9, CONSTITUTION
            OF TENNESSEE, RELATIVE TO IMPROVEMENTS IN THE GENERAL
            PENSION PLAN AND THE FIREMEN'S AND POLICEMEN'S INSURANCE
            AND PENSION PLAN."
           
       adopted August 19, 1986 and approved by referendum on November 4, 

       1986, Section 1(10), now codified as Section 13.75 of the
       Chattanooga City Code, Part I, provides that "(t)he Board of
       Commissioners of the City of Chattanooga, in its discretion, only 

       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 (3) separate readings, increase such 

       pension benefits in this section or any section of the Private
       Acts of 1949, Chapter 165, as amended; provided that such 
increase
       is not inconsistent with sound actuarial principles, methods and
       actuarial assumptions."
0C
                                NOW, THEREFORE,
       	    	 BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF
       CHATTANOOGA, TENNESSEE:
       	    	 SECTION 1.  That the pension benefits provided by the
       first sentence of the third paragraph of Section 13.76 of the
       Chattanooga City Code, Part I, be and is hereby to take effect
       retroactively from January 1, 1993 and be paid to all those
       dependent children qualified for said benefit on said date.
       	    	 SECTION 2.  That this ordinance shall be effective two
       (2) weeks from and after its passage as provided by law.
      
       PASSED on Third and Final
       Reading August 10, 1993.	     
s/s_________________________________
       	    	      	   	     	         CHAIRPERSON
      
       	    	      	   	     APPROVED:   X   DISAPPROVED: _______
      
       	    	      	   	     DATE:  August 10, 1993.
      
      
       	    	      	   	     s/s_________________________________
       MAM:cjc	      	   	     	       	    MAYOR