CHARTER ORDINANCE NO. 154

A CHARTER ORDINANCE CREATING SECTIONS 26 AND 27 OF THE POLICE AND FIRE RETIREMENT SYSTEM OF THE CITY OF WICHITA PERTAINING TO MAXIMUM BENEFITS AND DISTRIBUTION OF BENEFITS.

WHEREAS, the City of Wichita has created by Charter Ordinance a retirement system for commissioned officers of the Wichita Police Department and the Wichita Fire Department; and

WHEREAS, the Police and Fire Retirement System has become a qualified retirement plan under the Internal Revenue Code; and

WHEREAS, to comply with the requirements of the Internal Revenue Code it is necessary to add certain provisions to the retirement system.

BE IT ORDAINED BY THE GOVERNING BODY OF THE CITY OF WICHITA, KANSAS:

SECTION 1. Section 26 of the retirement system created by Charter Ordinance No. 131 of the City of Wichita, Kansas, shall read as follows:

Maximum Benefits. Benefits paid under this system shall not exceed the limitations of Internal Revenue Code Section 415, the provisions of which are incorporated by reference.

SECTION 2. (Amended and repealed—See Charter Ordinance No. 161, § 3.)

SECTION 3. This ordinance shall be published once each week for two (2) consecutive weeks in the official city newspaper.

SECTION 4. This is a Charter Ordinance and shall take effect sixty-one days after final publication unless a sufficient petition for a referendum is filed and a referendum held on the ordinance as provided in Article 12, Section 5, Subdivision (c)(3) of the Constitution of the State of Kansas, in which case the ordinance shall become effective if approved by a majority of the electors voting thereon.

PASSED BY THE GOVERNING BODY, not less than two-thirds of the members elect voting in favor thereof, this 16th day of November, 1993.

ELMA BROADFOOT
Mayor

ATTEST:

PAT BURNETT
Deputy City Clerk

Approved as to Form:

GARY E. REBENSTORF
Director of Law