Requesting that the State of Indiana enact legislation whereby the State of Indiana would completely fund police and fire pensions

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RESOLUTION NO. 434-74 A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND REQUESTING THAT THE STATE OF INDIANA ENACT LEGISLATION WHEREBY THE STATE OF INDIANA WOULD COMPLETELY FUND POLICE AND FIRE PENSIONS. WHEREAS , the City of South Bend, Indiana, is a second class city and has been mandated by statute to provide certain pension benefits for police and firemen of said city. WHEREAS , the pension act requires that the city shall pay the excess of the estimated expenditures over the estimated receipts in said pension fund. It has been the experience of the police and fire pension trustees that the expenditures always exceed the receipts in said fund, and it has been required by statute that a tax levy be enacted to fund the police and fire pension fund. WHEREAS, the Common Council of the City of South Bend strongly feels that, since the State of Indiana requires by statute that cities shall pay said pensions and do their own funding, the State of Indiana should enact legislation whereby the state would completely fund said police and fire pensions to relieve the burden upon the local taxpayers since said burden is a result of a mandate by the State of Indiana. NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South Bend, Indiana, that: SECTION I . The State of Indiana enact legislation to provide that police and fire pension funds be completely funded by the State of Indiana. SECTION II . This Resolution shall be in full force and effect from and after its adoption by the Common Council and approval by the Mayor. 12 7 Member of the /o on Co nci.l Adopted July 22, 1974 , as amended.