Presented
Presented by Ms. McDonald
Title
An Ordinance amending and supplementing Resolution No. 13 as amended, approved January 28,1992 entitled: "Establishing the Retirees Additional Benefits Trust Fund (RABTF) and certain funding disbursement guidelines for such trust fund and authorizing and directing the appropriate City Officials to carryout such guidelines." by making certain changes to determine eligibility of benefit.
Body
Be it resolved by the Council of the City of Pittsburgh as follows:
Section 1. Resolution No. 13, as amended, approved January 28,1992 entitled: "Establishing the Retirees Additional Benefits Trust Fund (RABTF) and certain funding disbursement guidelines for such trust fund and authorizing and directing the appropriate City Officials to carryout such guidelines." is hereby amended to read as follows:
Section 1. The Director of the Department of Finance and the City Controller are hereby authorized and directed to establish a trust fund in a City depository to be known as the Retirees Additional Benefits Trust Fund (RABTF).
Section 2 For the Fiscal Year 1992, the Mayor and the administration are authorized and directed to appropriate an amount equal to the revenue generated by one twenty-sixth of the revenue generated by the parking tax based upon 1992 parking tax estimated revenue to Code Account 58-3 (005835) Retired Employees Trust.
Section 3 For the fiscal year 1993, the Mayor and the administration are authorized and directed to appropriate to Code Account 58-3 (005835) Retired Employees Trust an amount equal to the sum of one twenty-sixth of the revenue generated by the parking tax (based upon 1993 estimated parking tax revenue) and an amount equal to $7.50 times the actual number of on street and off street parking meter violation tickets paid during 1991. Specifically parking violations, Pittsburgh Code, Chapters 543.02, 543.03, 543.04, 543.05, and all sections of Chapter 545.
Section 4 For each subsequent year the Mayor and the Administration are authorized and directed to appropriate to Code Account 58-3 (005835) Retired Employees trust an amount equal to the sum of one twenty-sixth of the revenue generated by the parking tax (based upon the most recent available full year's actual receipts in parking tax, for example 1992 actuals for 1994 estimate), and an amount equal to $7.50 times the actual number of on street and off street parking meter violation tickets paid during the most recent available year's actual receipts, for example, 1992 actuals for 1994 appropriation. Specifically parking violations, Pittsburgh Code, Chapters 543.02, 543.03, 543.04, 543.05 and all sections of Chapter 545.
Section 5 The money in the Retirees Additional Benefits Trust Fund (RABTF) cannot be used for any other purpose except to pay for additional health care benefits for the eligible retirees of the Municipal, Police and Fire Pension Funds. In order to qualify for current year benefits an eligible retiree shall be defined as:
(a) any employee having retired on or before December 31 of the previous year, and;
(b) not eligible to receive paid health benefits or a stipend from the City of Pittsburgh for such benefits that would be considered to fully pay for said coverage, and/or;
(c) not eligible to receive a supplement fully paid by the City of Pittsburgh meant to cover beyond what Medicare would pay.
Section 6 For the fiscal year 1992, the Director of Finance and the City Controller are authorized and directed to:
(a) Transfer the balance of the Retirees Pension Trust Fund (RPFTF) to the Retirees Additional Benefits Trust Fund (RABTF) to pay for additional health care benefits to the eligible retirees of the Municipal, Police, and Fire Pension Funds.
(b) Transfer the appropriated amount from Code Account 58-3 (005835) Retired Employees Trust on a quarterly basis to the Retirees Additional Benefits Trust Fund (RABTF) to fund additional health care benefits to the eligible retirees of the Municipal, Police, and Fire Pension Funds.
©(c) Transfer funds from the Retirees Additional Benefits Trust Fund (RABTF), from time to time to the Comprehensive Municipal Pension Trust Fund to Fund additional health care benefits to the eligible retirees of Municipal, Police and Fire Pension Funds.
(d) Distribute monthly to the Police, Fire and Municipal Pension Funds from the Comprehensive Municipal Pension Trust Fund an amount equal to one twelfth of all monies available to be distributed for the current year by the Pension Funds to eligible retirees by the respective Pension Funds
Section 7 For the fiscal year 1993, the Director of Finance and the City Controller are authorized and directed to:
(a) Transfer the appropriated amount from Code Account 58-3 (005835) Retired Employees Trust on a quarterly basis to the Retirees Additional Benefits Trust Fund (RABTF) to fund additional health care benefits to the eligible retirees of the Municipal, Police and Fire Pension Funds.
(b) Transfer monies from the Retirees Additional Benefits Trust Fund (RABTF). From time to time to the Comprehensive Municipal; Pension Trust Fund to fund additional health care benefits to the eligible retirees of Municipal, Police, and Fire Pension Funds.
(c) Distribute monthly to the Police, Fire and Municipal Pension Funds from the Comprehensive Municipal Pension Trust Fund an amount equal to the previous years increase to be distributed for the current year to eligible retirees by the respective Pension Funds. Any excess funds shall remain in the Trust Fund to help fund future increases.
Section 8 For each subsequent year the Director of Finance and the City Controller are authorized and directed to:
(a) Transfer the appropriated amount from Code Account 58-3 (005835) Retired Employees Trust on a quarterly basis to the Retirees Additional Benefits Trust Fund (RABTF) to fund additional health care benefits to the eligible retirees of the Municipal, Police and Fire Pension Funds.
(b) Transfer monies from the Retirees Additional Benefits Trust Fund (RABTF) from time to time to the Comprehensive Municipal Pension Trust Fund to fund additional health care benefits to the eligible retirees of Municipal Police and Fire Pension Funds.
(c) Distribute monthly to the Police, Fire and Municipal; Pension Funds from the Comprehensive Municipal Pension Trust Fund an amount equal to one twelfth of all monies available to be distributed for the current year by the respective Pension Funds to eligible retirees increased by an amount not to exceed 5% of the previous years additional benefit. Any funds in excess of the 5% maximum increase shall remain in the trust fund in order to fund future increases. If there are not funds sufficient to cover 5%, the entire balance of the trust fund shall be distributed by the Pension Fund to eligible retirees.
Section 9 This Resolution shall be effective January 1, 1993.