ORD NO 18-1998 CITY OF VAN BUREN, ARKANSAS
ORDINANCE NO. J -1998
AN ORDINANCE ELECTING COVERAGE FOR ELIGIBLE MEMBERS OF THE VAN
BUREN FIRE PENSION AND RELIEF FUND UNDER LOPFI AND AUTHORIZING
THE MAYOR TO ENTER INTO AN AGREEMENT WITH LOPFI.
WHEREAS, The Board of Trustees of the Van Buren Fire Pension and
Relief Fund has elected to have its eligible members covered
under the Arkansas Local Police and Fire Retirement System
(LOPFI) as stated by Resolution dated May 13, 1998; and,
WHEREAS, Said Board of Trustees has by said resolution requested the
City of Van Buren Arkansas to act as agent for the
administration of its retirement coverage for all its relief
Fund participants under LOPFI.
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY
OF VAN BUREN, ARKANSAS:
SECTION 1: That if accepted by the Arkansas Local Police and Fire
Retirement System (LOPFI), the administration of the
retirement program coverage for all Van Buren Fire Pension
and Relief Fund participants shall be transferred to the
Arkansas Local Police and Fire Retirement System (LOPFI)
pursuant to the authority of Act 364, Acts of Arkansas, 1981,
as amended. and including other acts of the State Legislature,
provided that such retirement coverage for said Relief Fund
participants shall mean the administration of that fund only
and not a change in the Relief Fund's benefit program.
SECTION 2: That the Mayor is hereby authorized to enter into an
agreement with the Arkansas Local Police and Fire
Retirement System LOPFI) to administer the Van Buren
Fire Pension and Relief Fund as stated in Section 1 hereof.
SECTION 3: That it is the intent of the City Council and it is hereby
ordained that the provisions of this Ordinance shall be
codified into the Code of Ordinances of Van Buren.
Arkansas, and the sections thereof may be renumbered and
relettered as necessary to accomplish such intention.
SECTION 4: That due to the need to consolidate the Van Buren Fire
Pension and Relief Fund with the Arkansas Local Police and
Fire Retirement System (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.
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PASSED AND APPROVED THIS DAY OF C7o le4 1998.
MAYOR J 0
ATTESTED:
CITY CLERK/T' 1 'ER
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