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RESOLUTION - 2015 - 6 <br /> REQUEST OF ADDITIONAL PENSION CONTRIBUTION <br /> AT A MEETING OF THE TRUSTEES OF POLICE AND FIREFIGHTERS' RETIREMENT <br /> SYSTEM OF THE CITY OF UNVERSITY CITY, MISSOURI, HELD AT 8:00 P.M. ON OCTOBER 28,2014, <br /> WHEREAS, the Trustees of the Police and Firefighters' Retirement System of the City of University <br /> City, Missouri,do hereby find as follows: <br /> WHEREAS, the current funding status of the Police & Firefighters' Retirement fund is currently funded <br /> at 80.9%. <br /> WHEREAS, the current funding source of the Police and Firefighters' Retirement fund, property taxes <br /> have revenue shortfalls in the past two years. <br /> WHEREAS, the contributions made by the City in the past two years were below the actuary's <br /> recommended amounts. <br /> NOW, THEREFORE, BE IT HEREBY REQUESTED by the Trustees of the Police and Firefighters' <br /> Retirement System of the City of University City, Missouri, that the City Council Members of the City of <br /> University City, Missouri approve an immediate one-time University City, Missouri in the amount of$659,437 <br /> to make up for two years' worth of contribution below the actuary's recommendations due to a shortage of <br /> dedicated tax. <br /> PASSED and ADOPTED this 23`d day of February, 2015. <br /> La0/4 <br /> MAYOR <br /> A BA : <br /> CI CLERK <br />