0329 RESOLUTION NO. 3 2 9 ( #16 -84)
RESOLUTION TO THE GENERAL ASSEMBLY OF THE STATE OF ARKANSAS URGING
PASSAGE OF AN AMENDMENT TO THE POLICE MEN'S PENSION AND RELIEF FUND;
FOR OTHER PURPOSES.
WHEREAS, the City of Jacksonville has a Police Pension Board
overseeing the pension funds of employees hired prior to the passage
of legislation requiring all police employees to be a part of the
State of Arkansas Pension and Relief Fund; and
WHEREAS, a majority of employees hired since the State passed
legislation requiring participation in the State Fund rather than the
local fund, would rather be a part of the local fund,
NOW, THEREFORE, BE IT RESOLVED, by the City Council of the
City of Jacksonville, Pulaski County, Arkansas, that:
1. We recommend and urge the Arkansas State Legislature to
enact legislation amending Arkansas Stat. Ann. §19 -1801, et. seq.,
and all other relevant statutes, to provide for all police officers
of municipalities with a good pension fund to have the option of
becoming a part of either the State or the local Police Pension
Fund.
2. We further recommend and urge the Arkansas State
Legislature to allow, by legislation, the governing bodies of
cities of the first class to guarantee the acturarial soundness of
the local plans on an annual basis rather than requiring study
be performed to determine whether the fund is actuarily sound or
not.
3. We further urge our State Representatives, Mike Wilson,
Doug Wood and Art Givens, and our State Senator Max Howell, to
sponsor said legislation at the 1985 session.
4. That this Resolution is necessary for the future of
the Jacksonville Police Pension Fund a nd w ould benefit the
police officers of our City.
APPROVED AND ADOPTED THIS 6TH DAY OF DECEMBER, 1984.
YOR
ATTEST:
AO
/K/. der
CI ERK
APPROVED:
C A TTORNEY