ORD NO 33-2007 CITY OF VAN BUREN, ARKANSAS
ORDINANCE NO. 33 -2007
BE IT ENACTED BY THE CITY COUNCIL, FOR THE CITY OF VAN BUREN,
ARKANSAS AN ORDINANCE TO BE ENTITLED:
AN ORDINANCE TRANSFERRING TO, AND ELECTING
COVERAGE FOR ELIGIBLE MEMBERS OF THE VAN
BUREN POLICE DEPARTMENT UNDER, THE ARKANSAS
LOCAL POLICE AND FIRE RETIREMENT SYSTEM
(LOPFI); AUTHORIZING THE TRANSFER OF ASSETS FOR
AFFECTED VAN BUREN POLICE OFFICERS FROM THE
ARKANSAS PUBLIC EMPLOYEES RETIREMENT SYSTEM
(APERS) TO LOPFI, AND FOR OTHER PURPOSES.
WHEREAS, the City of Van Buren has elected to transfer certain eligible members presently
covered under the Arkansas Public Employees Retirement System (APERS) to the
Arkansas Local Police and Fire Retirement System (LOPFI) as stated by Resolution
6 -6 -2007 dated June 18, 2007; and
0 WHEREAS, the City of Van Buren wishes to transfer certain eligible present and future employees
who are "Police Officers," as that term is defined under Act 364 of 1981, A.C.A.
§24 -10 -101 el .seq., from the APERS to LOPFI; and
WHEREAS, the City of Van Buren desires and wishes to authorize the transfer of assets for any
affected officers from APERS to LOPFI, as necessary to move eligible officers from
one system to the other; and
NOW, THEREFORE, BE IT ORDAINED AND ENACTED BY THE CITY COUNCIL OF
THE CITY OF VAN BUREN, ARKANSAS, THAT:
SECTION 1: If accepted by LOPFI the administration of the retirement pro coverage for
certain eligible members presently covered under the Arkansas Public Employees
Retirement System (APERS) shall be transferred to LOPFI pursuant to the authority
of Act 364, Acts of Arkansas, 1981, as amended, and including other acts of the State
Legislature; and
SECTION 2: The Mayor is hereby authorized to enter into an agreement with LOPFI to administer
the retirement program coverage as stated in Section 1 hereof; and
SECTION 3: APERS is hereby authorized to transfer assets for affected Van Buren police officers
from APERS to LOPFI. as necessary; and
0 SECTION 4: Due to the need to consolidate the current APERS participants with LOPFI, an
emergency is hereby declared to exist and this ordinance shall be in full force from
and after the date of its passage and approval.
IN WITNESS WHEREOF, the City of Van Buren, Arkansas, by its City Council, did pass,
approve. and adopt by a vote of to for and 0 against. the foregoing Ordinance at its
meeting held on the 15th day of October, 2007.
Robert 1. Freema 1s.
ATTESTED: APPROVED S TO FO
Kam. cu,,�
Barbie Curtis. City Clerk/Treasurer N. Dons Id Je kins, Jr., 1 ity Atto r, ey
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