1344 000019
ORDINANCE NO. 1344 ( #11 - 08)
AN ORDINANCE CREATING JMC § 2.88.045; ALLOWING FOR COST OF
LIVING ALLOWANCES IN RETIREMENT BENEFITS FOR A MAYOR UNDER
THE JACKSONVILLE MUNICIPAL OFFICIALS' RETIREMENT TRUST; AND,
FOR OTHER PURPOSES,
WHEREAS, passage of Act 293 of 2007 now allows for cost of living
allowances for Mayors and City Clerks under local retirement plans, and the City
Council deems it appropriate to authorize such future cost of living allowances for
those members of the Jacksonville Municipal Officials' Retirement Trust who so
qualify.
NOW, THEREFORE, BE IT ORDAINED AND ENACTED BY THE CITY
COUNCIL OF THE CITY OF JACKSONVILLE, ARKANSAS, THAT:
SECTION ONE: JMC § 2.88.045 (Cost of Living Allowance) is hereby
created and shall read as follows:
For any Mayor of Jacksonville who shall retire from the Jacksonville Municipal
Officials' Retirement Trust after February 28, 2007, the date of enactment of Act
293 of 2007, and who has remained retired for a minimum of Twelve (12) full
months, a cost of living increase of no more than Three Percent (3 %) will be added
to his /her retirement benefits on January 1 of each year.
SECTION TWO: All Ordinances or parts of Ordinances in conflict
herewith are hereby repealed to the extent of such conflict.
SECTION THREE: This Ordinance shall take effect immediately upon
passage and publication, as provided by and subject to the requirements of
applicable law. pp
APPROVED AND ADOPTED THIS Yj DAY OF JULY, 2008.
CITY OF JACKSONVILLE, ARKANSAS
s-'
LL: IIij. �i de. //J
TO Y AP', MAYOR
ATTEST:
r
SUS & , U AVITT, C CLERK
AP ST. 1. , r � ° moo._
'
ROBE "T E. BA' BURG, C A ORNEY '" '✓�