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ORDINANCE NO. l I D
AN ORDINANCE of the City of Kent, Wash-
ington creating in the office of the City
Treasurer an Employees Prior Service Fund,
directing the Treasurer to pay from said
Fund the costs of prior service for retired
employees, and authorizing the Treasurer to
invest any surplus in the Fund.
THE CITY COUNCIL OF THE CITY OF KENT, WASHINGTON, DO
HEREBY ORDAIN AS FOLLOWS:
Section 1. There is hereby created in the office of
the City Treasurer a fund to be known as the Employees Prior Ser-
vice Fund.
Section 2. All monies received from the Public Em-
ployees Retirement Service as released matching funds shall be
deposited into the Employees Prior Service Fund and shall be dis-
bursed by the City Treasurer to pay for the costs of prior service
for retired employees.
Section 3. The City Treasurer is hereby authorized to
invest such portion of the Fund as in her judgment she deems
reasonable and prudent.
Section 4. This Ordinance shall take effect and be in
force five (5) days from and after its passage, approval and pub-
lication as provided by law.
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l}.
ISABEL HOGAN, MAYOR
ATTEST:
MARIE JENSENeity Cle k
!LAPP OVED AS TO FORM:
i
I'
II DONALD E. MIRK, City Attorney
i
I PASSED the [ ~� �� day of July, 1972.
APPROVED the t day of July, 1972
PUBLISHED the ��� ;f- day of July, 1972.
I hereby certify that this is a true copy of Ordinance
No. ('7 ��, passed by the City Council of the City of Kent,
Washington, and approved by the Mayor of the City of Kent as j
hereon indicated.
(SEAL+
MARIE JENSEN, City Clerk
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