Section 101-162 Ord. 16406; Amending Chapter 18 and 19 RE: Police Retirement Plan, Deferred Compensation Plan and Money Purchase Plan


Ordinance No.            16406              Council Bill No.             B 94-00          

AN ORDINANCE

amending Chapter 18 of the City Code to remove the provision excluding the Chief of Police from coverage under the Police Retirement Plan; amending Chapter 19 of the City Code to delete the provision for City contributions on behalf of the Chief of Police to a Deferred Compensation Plan and the City Money Purchase Plan; amending the City of Columbia, Missouri Money Purchase Plan; and fixing the time when this ordinance shall become effective.

BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBIA, MISSOURI, AS FOLLOWS:

    SECTION 1.  Chapter 18 of the Code of Ordinances of the City of Columbia, Missouri, is hereby amended as follows:

Material to be deleted in strikeout.

Sec. 18-41. Definitions.

    For the purposes of this division, the following words and terms shall have the meanings respectively ascribed:
. . .

     Covered police employee. A person employed by the Columbia Police Department as a full-time, regular police officer. This term shall exclude clerical employees, watchmen, school traffic guards, turnkeys, volunteers and any other employee or associate, regardless of whether they are commissioned as a police officer, when they are not a salaried full-time, regular police officer of the city. This term shall exclude the chief of police.
. . .

    SECTION 2.  Chapter 19 of the Code of Ordinances of the City of Columbia, Missouri, is hereby amended as follows:

Material to be deleted in strikeout.

Sec. 19-110. General benefits.
. . .
(d)     Deferred compensation.
. . .

     (4)    The city shall contribute biweekly to the deferred compensation plan account selected by the chief of police an amount to be determined by the city manager.

(e)     Money purchase plans. Permanent employees may, at their option, participate in the City of Columbia, Missouri Money Purchase Plan, a defined contribution plan operating under section 401(a) of the Internal Revenue Code of 1986. Subject to the provisions of the plan and the limitations imposed by section 401(a)(4) of the Internal Revenue Code of 1986, the city will contribute to the plan trust fund on behalf of each participating employee who contributes to a group deferred compensation plan (457 plan) at the minimum rate of three dollars ($3.00) per pay period, an amount equal to the employee's contribution to the 457 plan up to a maximum of three (3) per cent of the employee's compensation. The city will contribute to the plan trust fund on behalf of the chief of police an amount equal to three (3) per cent of the compensation of the chief of police.
. . .

    SECTION 3. The City of Columbia, Missouri hereby amends section 3 of the City of Columbia, Missouri Money Purchase Plan by deleting the following sentence in subsection 3.2: “In lieu of the matching percentage, the Employer will contribute to the Trust Fund on behalf of the chief of police an amount determined in accordance with Section 19-110(e) of the City Code.”

    SECTION 4.  This ordinance shall be in full force and effect from and after its passage.

        PASSED this 3rd day of April, 2000.