A, PO %-11. Req.
ORDINANCE NO. '065070
1 AN ORDINANCE regarding compensation, and amending Chapter 1.12 of the
2 Tacoma Municipal Code by adding a new section thereto, to be known as
Section 1.12.229; and amending Sections 1.12.230, 1.12.231, and 1.12.232
3 thereof.
4 BE IT ORDAINED BY THE CITY OF TACOMA:
5 Section 1. That Chapter 1.12 of the Tacoma Municipal Code is hereby
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amended by adding a new section thereto, to be known as Section 1. 1 2.229,
7
8 which reads as follows:
9 1.12.229 VEBAAccountforretirees.,
10 A. The City shall deposit into a VEBA Account a sum equivalent to
I 1 25 percent of the sick leave accruals of any employee who meets the following
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criteria:
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14 1. The employee must qualify under TIVIC Section 1. 1 2.229(B).
15 and
16 2. The employee must be separated from the City service due to
17 0) death or 00 retirement for disability or length of service with attendant
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pension payments under any City employee pension system.
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The sum deposited in the VEBA Account shall be calculated at the
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21 employee's re-gular classification rate of Pay effective at the time of retirement.
22 B. An employee shall qualify for a deposit into a VEBA Account
23 pursuant to TIVIC 1.12.229(A) if the...
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