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File #: 2001-2079    Version: 1
Type: Resolution Status: Died due to expiration of legislative council session
File created: 9/4/2001 In control: Committee on Finance & Budget
On agenda: Final action: 12/31/2001
Enactment date: Enactment #:
Effective date:    
Title: Resolution authorizing and directing the City Controller to create a special trust fund, to be designated as the Fair Municipal Pension Trust Fund for the sole purpose of depositing funds to be used for elimination of the "Social Security Offset" for union and non-union members of the Municipal Pension Benefit plans that retire after January 1, 2002.
Sponsors: Gene Ricciardi
Indexes: TRUST FUND

Presenter

Presented by Ms. McDonald

 

Title

Resolution authorizing and directing the City Controller to create a special trust fund, to be designated as the Fair Municipal Pension Trust Fund for the sole purpose of depositing funds to be used for elimination of the "Social Security Offset" for union and non-union members of the Municipal Pension Benefit plans that retire after January 1, 2002.

 

Body

Be it resolved that the Cou cil of the City of Pittsburgh hereby enacts as follows:

 

Section 1.  The City Controller is hereby authorized and directed to create a special trust fund to be designed as the Fair Municipal Pension Trust Fund into which trust fund there shall be deposited funds provided by the City of Pittsburgh or other sources and authorizing the use of monies deposited into said Trust Fund for elimination of the unfair "Social Security Offset" for union and non-union members of the Municipal Pension Benefit plans that retire after January 1, 2002.