[R.O. 2007 §30-111; Ord. No. 4362 §6, 12-4-1978]
There is hereby created a Policemen's and Firemen's pension
plan.
[R.O. 2007 §30-112; Ord. No. 4362 §6, 12-4-1978]
The Policemen's and Firemen's pension plan shall provide certain
benefits by the adoption and establishment of a defined benefit retirement
plan for the employees of the Police and Fire Departments of the City
of Poplar Bluff.
[R.O. 2007 §30-113; Ord. No. 4362 §6, 12-4-1978]
[R.O. 2007 §30-114; Ord. No. 4362 §6, 12-4-1978]
A.
The
Policemen's and Firemen's pension plan shall be funded from all monies
that may be given to the Board of Trustees and other fund or funds
given by any person or persons for the use and purposes for which
such fund is created and pension plan is intended.
B.
The
Board of Trustees may take by gift, grant, devise or bequest any money,
personal property, real estate or interest therein or any right of
property; any such gift, grant, devise or bequest may be absolute
or in fee simple or upon condition that only the rents, income or
profits arising therefrom shall be applied to the purpose for which
the Policemen's and Firemen's pension plan is established.
C.
The
Policemen's and Firemen's pension plan shall also consist of all monies,
fees, rewards or emoluments of every nature and description that may
be paid or given to the Police Department or Fire Department or any
member thereof for services or duties performed.
[R.O. 2007 §30-115; Ord. No. 4362 §6, 12-4-1978; Ord. No. 6757 §1, 1-3-2005]
Every employee of the Police Department and Fire Department
shall be assessed such percent of such person's salary, which sum
shall be deducted from said employee's compensation due such person
by the City, as the Board of Trustees and the City of Poplar Bluff
shall agree. Every person who becomes an employee of the Police Department
or Fire Department shall be liable to such deduction and shall sign
an authorization prepared by the Board of Trustees permitting such
deduction.
[R.O. 2007 §30-116; Ord. No. 4362 §6, 12-4-1978]
A tax, not to exceed one mil, shall be levied on each dollar
of the value of all taxable property annually assessed in the City
of Poplar Bluff, which sum shall be earmarked in a separate fund and
set aside and made a part of the Policemen's and Firemen's pension
plan. Said sum shall not be used for or devoted to any other purpose.
The increase or a decrease of said tax levy shall be as the City Council
and the Board of Trustees shall, from time to time, agree.
[R.O. 2007 §30-117; Ord. No. 4362 §6, 12-4-1978]
A.
The
Board of Trustees shall invest all assets of the Policemen's and Firemen's
pension plan as it shall deem reasonable and appropriate, including,
but not limited to, contributions of the employee's contribution and
the tax levy to a defined benefit retirement plan.
B.
The
provisions of any such plan, as they may be adopted, changed, amended
or revised, shall be immediately promulgated and made known to all
employees of the Fire and Police Departments.
C.
Any plan or program of investment approved by the Board of Trustees shall be submitted to the City Council for approval and authority to execute. Upon such execution, such plan or program shall have the force and effect of the provisions of this Part 1 of Article IV of Chapter 200 of this Code as if fully set out herein.
[R.O. 2007 §30-141; Rev. Ords. 1951 §15.530; Ord. No. 4362 §7, 12-4-1978]
There is hereby created a board which shall be known as the
"Board of Trustees of the Policemen's and Firemen's Pension Plan of
the City of Poplar Bluff, Missouri".
[R.O. 2007 §30-142; Rev. Ords. 1951 §15.530]
The Board of Trustees shall consist of the Mayor, City Clerk,
Chief of Police, Chief of the Fire Department, two (2) members of
the Police Department and two (2) members of the Fire Department.
[R.O. 2007 §30-143; Rev. Ords. 1951 §15.530]
The two (2) members of the Police Department and two (2) members
of the Fire Department for membership on the Board of Trustees shall
be elected by the employees of the Police and Fire Departments respectively.
[R.O. 2007 §30-144; Rev. Ords. 1951 §15.530; Ord. No. 5591 §1, 12-7-1992]
The two (2) members of the Police Department and two (2) members
of the Fire Department selected for membership on the Board of Trustees
shall serve for a term of two (2) years or until their successors
are elected and qualified.
[R.O. 2007 §30-145; Rev. Ords. 1951 §15.530]
The Board of Trustees shall elect from its membership a president.
A secretary of the Board shall also be selected but need not be one
(1) of its members. The City Clerk shall be the Treasurer of the Board.
[R.O. 2007 §30-146; Rev. Ords. 1951 §15.760]
The City Attorney shall be legal adviser of the Board of Trustees.
[R.O. 2007 §30-147; Rev. Ords. 1951 §15.530; Ord. No. 4362 §7, 12-4-1978]
The compensation of all persons employed by the Board of Trustees
and all other expenses of the Board necessary for the operation of
the pension plan shall be paid at such rate and at such amounts as
the Board of Trustees shall approve out of the Policemen's and Firemen's
fund.
[R.O. 2007 §30-148; Rev. Ords. 1951 §15.550]
The Board of Trustees shall keep a record of all of its proceedings,
which record shall be opened to public inspection.
[R.O. 2007 §30-149; Ord. No. 3394 §1, 8-15-1966]
The Board of Trustees shall have at least one (1) meeting every
six (6) months to transact any and all business which may come before
it. Also, it may have special call meetings at any time.
[R.O. 2007 §30-150; Ord. No. 3394 §1, 8-15-1966]
At any regular or special meeting of the Board of Trustees,
no business shall be transacted until a quorum of five (5) members
thereof is present.
[R.O. 2007 §30-151; Ord. No. 3394 §1, 8-15-1966]
A majority vote shall pass any motion, resolution or any other
matter which may be decided upon.
[R.O. 2007 §30-152; Rev. Ords. 1951 §15.560; Ord. No. 4362 §7, 12-4-1978]
The Board of Trustees shall make rules and regulations for the
government of its affairs, the administration of the Policemen's and
Firemen's pension plan and for the limitation of the time within which
claims may be filed.
[R.O. 2007 §30-153; Rev. Ords. 1951 §15.540; Ord. No. 4362 §7, 12-4-1978]
The Board of Trustees shall cause to be kept such necessary
records and ledgers as are needed to determine the feasibility and
efficient operation and management of the Policemen's and Firemen's
pension plan.
[R.O. 2007 §30-154; Rev. Ords. 1951 §15.550; Ord. No. 4362 §7, 12-4-1978]
The Board of Trustees shall annually account to the City Council
relative to the status, solvency and financial condition of the Policemen's
and Firemen's pension plan. It shall suffice if the accounting herein
provided for is submitted by any corporation or person acting on behalf
of the Board of Trustees.
[R.O. 2007 §30-155; Rev. Ords. 1951 §15.560]
The Board of Trustees shall hold hearings and take and preserve
the evidence on all disputed matters and the evidence record. Final
finding and decision of the Board of Trustees shall be subject only
to review by writ of certiorari with the right of appeal as in civil
cases from the decision of the reviewing board.
