HomeMy WebLinkAbout02-050 RESOLUTION NO. 02-050
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PORT TOWNSEND,
WASHINGTON OPPOSING STATE INITIATIVE 790
WHEREAS, the official ballot title states
"Initiative Measure No. 790 concems law enforcement officers' and
firefighters' retirement system, Plan 2. This measure would place
management of the law enforcement officers' and firefighters' retirement
system, Plan 2, in a board of trustees consisting of six plan participants, three
employer representatives, and two legislators"; and
WHEREAS, State of Washington Initiate 790 (1-790) has been certified for the
November 5, 2002, ballot; and
WHEREAS, the legislature has created a Law Enforcement Officers' and
Firefighters' Retirement System ("LEOFF") to provide retirement and disability benefits
to law enforcement officers and firefighters in this state. The system includes two plans:
Plan 1 provides benefits to persons who first became members of the system prior to
October 1, 1977. Plan 2 provides benefits to persons who first became members of the
system on or after October 1, 1977.
WHEREAS, 1-790 would create a new board of trustees to manage LEOFF Plan
2; and
WHEREAS, 1-790 will require an increase in City pension contribution rate to
15.47%, effective July 1, 2003, according to the State Actuary; and
WHEREAS, City Council greatly respects our law enforcement officers and fire
fighters and value the work they do. However, this initiative could cost City taxpayers
hundreds of thousands of dollars over the next several years, including over $100,000 in
2004 by increasing the City's required contribution to LEOFF 2,
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of
Port Townsend, that it declares it opposes State of Washington Initiative 790.
Attest:
Pamela Kolacy, CMC, City Cl~,k
ADOPTED by the City Council of the City of Port Townsend at a regular
meeting thereof, held 'this twenty-first day of October, 2002.!
Kees~Ko~l;,~/MaYo~: ~
John P. Watts, City Attorney
Resolution 02-050