01/17/2013 Resolutions 2013-17 (B) Resolution #2013-17 (B) was not approved by the City Council at their January 17, 2013
meeting.
RESOLUTION 2013-17(B)
WHEREAS, Article 10 of Chapter 16 of the Nebraska Revised Statutes sets forth
the laws governing the pensions of police officers of First Class Cities; and
WHEREAS, Section 16-1007(1) of the Nebraska Revised Statutes requires the
City of Grand Island to provide pension benefits to retired police officers "in the form of a
straight life annuity or any optional form of annuity benefit established by the retirement
committee"; and
WHEREAS, beginning in 2005 the Police Pension Committee stopped calculating
police pension benefits based on a straight life annuity and began calculating said benefits based
on a joint life annuity; and
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND COUNCIL
OF THE CITY OF GRAND ISLAND, NEBRASKA,
That the Police Pension Committee and City staff are to calculate all pending and future police
retirement benefits on a joint life annuity basis.
Adopted by the City Council of the City of Grand Island, Nebraska, January 17, 2013.
Jay Vavricek, Mayor
Attest:
RaNae Edwards, City Clerk
Approved as to Form
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January 17,2013 City A~rney