File #:
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2010-1257
Version:
1
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Type:
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Ordinance
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Status:
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Veto was Overridden
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On agenda:
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Final action:
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12/31/2010
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Enactment date:
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12/31/2010
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Enactment #:
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44
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Title:
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Ordinance amending and supplementing the Pittsburgh Code of Ordinances, Title 2, Fiscal, amending Article XI: Dedicated Funding for the Comprehensive Municipal Pension Trust Fund, to change the amount of funding to be dedicated to the Comprehensive Municipal Pension Trust Fund with the goal of retaining local oversight immediately and into the future
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Indexes:
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PGH. CODE ORDINANCES TITLE 02 - FISCAL
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Attachments:
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1. 2010-1257.doc
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Title
Ordinance amending and supplementing the Pittsburgh Code of Ordinances, Title 2, Fiscal, amending Article XI: Dedicated Funding for the Comprehensive Municipal Pension Trust Fund, to change the amount of funding to be dedicated to the Comprehensive Municipal Pension Trust Fund with the goal of retaining local oversight immediately and into the future
Body
Be it resolved by the Council of the City of Pittsburgh as follows:
Section 1. The Pittsburgh Code of Ordinances, Title 2, Fiscal, is hereby supplemented by amending Article XI: Dedicated Funding for Comprehensive Municipal Pension Trust Fund, as follows:
CHAPTER 272: DEDICATED FUNDING FOR COMPREHENSIVE MUNICIPAL PENSION TRUST FUND
ยง 272.01 SOURCES OF FUNDING
The City Council hereby dedicates irrevocably to the Comprehensive Municipal Pension Trust Fund for purposes of Act 44 of 2009 the receipts of revenue from the Parking Tax for the years 2011 through 2041, according to the following schedule of annual payments:
Year |
Total |
2010 |
$ - |
2011 |
$13,376,000 |
2012 |
$13,376,000 |
2013 |
$13,376,000 |
2014 |
$13,376,000 |
2015 |
$13,376,000 |
2016 |
$13,376,000 |
2017 |
$13,376,000 |
2018 |
$13,376,000 $26,752,000
|
2019 |
$13,376,000 $26,752,000
|
2020 |
$13,376,000 $26,752,000
|
2021 |
$13,376,000 $26,752,000
|
2022 |
$13,376,000 $26,752,000
|
2023 |
$13,376,000 $26,752,000
|
2024 |
$13,376,000 $26,752,000
|
2025 |
$13,376,000 $26,752,000
|
2026 |
$13,376,000 $26,752,000
|
2027 |
$13,376,000 $26,752,000
|
2028 |
$13,376,000 $26,752,000
|
2029 |
$13,376,000 $26,752,000
|
2030 |
$13,376,000 $26,752,000
|
2031 |
$13,376,000 $26,752,000
|
2032 |
$13,376,000 $26,752,000
|
2033 |
$13,376,000 $26,752,000
|
2034 |
$13,376,000 $26,752,000
|
2035 |
$13,376,000 $26,752,000
|
2036 |
$13,376,000 $26,752,000
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2037 |
$13,376,000 $26,752,000
|
2038 |
$13,376,000 $26,752,000
|
2039 |
$13,376,000 $26,752,000
|
2040 |
$13,376,000 $26,752,000
|
2041 |
$13,376,000 $26,752,000
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|
$403,000,000 735,680,000
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