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■ <br /> RESOLUTION # "734 <br /> A RESOLUTION TO THE ARKANSAS LEGISLATURE, REQUESTING THAT <br /> ACT 364 OF THE 1981 ARKANSAS GENERAL ASSEMBLY BE REPEALED <br /> WHEREAS, Act 364 of 1981 would remove local control over the Fire and Police <br /> pension and the current trend has been for more local control and not less ; <br /> and <br /> WHEREAS, Act 364 of 1981 does not provide for the continuation of the one mill <br /> property tax presently levied for the Firemen's Pension Fund and the one mill <br /> property tax presently levied for the Policemen's Pension Fund; and <br /> WHEREAS, Act 364 of 1981 will force Cities to contribute funds to this pension <br /> system by requiring more dollars to be paid out of General Funds at a variable <br /> percentage rate of salaries (first year estimates are 11% - 16%) , thus deplet- <br /> ing General Funds which could be used to employ additional manpower for our <br /> Police and Fire Departments which are now understaffed; and <br /> WHEREAS, the General Fund will have to contribute 4% into the current pension <br /> funds during 1983 as required by Act 486 of 1981; and <br /> WHEREAS, Cities who have wisely administered their current pension plans will <br /> be penalized and will have to subsidize those cities whose pension plans have <br /> not been properly managed; and <br /> WHEREAS, it would be a burden on Cities to operate two pension systems at the <br /> same time; <br /> NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF BATESVILLE, <br /> ARKANSAS: <br /> That the League sponsor legislation in the 1983 Arkansas General Assembly to <br /> repeal Act 364 of 1981. <br /> PASSED AND APPROVED THIS 26 DAY OF OCTOBER, 1982. <br /> ADOPTED: <br /> IM I RELL, MAYOR <br /> ATTEST: <br /> LARRY WILLIAMS, CITY CLERK <br />