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HomeMy WebLinkAbout1974-06-24 207 AB ORDER307 A➢ Introduced by councilor prountaa, Sone 24, 1974 By the City musall of the City ofBanpor. ORDERED, TEAT effective August 4, 1974, the City Council accept the provisions of Chapter 542, Public Laws of 1973, which revised the retirment formula from a 1/60th to a 1/50th basis, established a one hundred dollar (8100) Icer month reti [sent benefit for members with ten years of service at age sixty (60), and provided for a VA contribution rate by all members. CITY OF BANGOR p QITLU (Orta, Accepting Choicer ,5 2 Public Laws. of 1993 __.. _.. By the City musall of the City ofBanpor. ORDERED, TEAT effective August 4, 1974, the City Council accept the provisions of Chapter 542, Public Laws of 1973, which revised the retirment formula from a 1/60th to a 1/50th basis, established a one hundred dollar (8100) Icer month reti [sent benefit for members with ten years of service at age sixty (60), and provided for a VA contribution rate by all members. IN CITY COUMIL Juns 24, 1974 Referred to Finance Committee, consider relt nearing. CITY C4!K, IN CITY COUNCIL July 8, 1974 Consider next meeting - IN CITY COURNIL July 22, 1974 The effective date was Changed to Se tracer 29, 1974, PASSM. CITY CLEF\ ORDER Title, Mcepting Chap., 5421 eWlic iaws of 19'!3 ...................................... I,n'ttrooduced and filed by O .. ... an Councilman