The board of public education may recommend increase in benefits to members of pension
plans set forth in section 9.06. Upon recommendation by the board of public education, the plan for increased benefits
shall be submitted to the mayor through the director of finance. The mayor shall approve
or disapprove the plan and forward same to the council. Upon disapproval, the mayor
shall attach a statement indicating his or her reasons for disapproval.
The council shall (1) adopt the benefits increase plan, or (2) reject it. Adoption
or rejection shall be by resolution not requiring the approval of the mayor. When
a benefit increase plan is rejected by the council, it shall be returned to the metropolitan
board of public education which may thereupon formulate another benefit increase plan
and transmit the same to the mayor through the director of finance under the provisions
set forth above. The plan for increase in benefits shall be adopted effective at the
beginning of the next fiscal year, except the effective date for the fiscal year beginning
July 1, 1972, shall be as stated by the adopting resolution.
(Res. No. 72-380, § 1, 11-7-72; amended by referendum election of November 6, 2018,
Amdt. 6)
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