12/08/2015 Ordinances 9568 ORDINANCE NO. 9568
An Ordinance to develop a schedule of investment costs related to the investment of
funds in each individual account in the Firefighters Retirement System Fund.
BE IT ORDAINED BY THE MAYOR AND COUNCIL OF THE CITY OF GRAND
ISLAND, NEBRASKA:
I. That pursuant to Neb. Rev. Stat. §16-1036.01 any investment costs related to individual
accounts in the Firefighters Retirement System Fund shall be paid out of the funds in such
accounts or assessed the individual firefighters holding such accounts. That these costs shall
provide for the allocation of the administrative or record-keeping costs of the various investment
options available to members of the retirement system and shall assess such costs so each
member pays a fair proportion of the costs based upon his or her choice of options and number of
transfers among options.
II. Any Ordinances or parts of Ordinances or Resolutions in conflict are hereby repealed.
III. This Ordinance shall be in full force and will take effect from and after its passage and
publication pursuant to law.
Enacted: December 8, 2015.
Jeremy L. Jensen, Mayor
Attest:
RaNae Edwards, City Clerk
Ordinance No. 9568 was referred to the Police & Fire Pension Committee to be
brought back to Council for approval at the December 29,2015 meeting.
Approved as to Form tt
December 7,2015 II City Wiltrney