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026 of 1997 - AN ORDINANCE AMENDING SECTION 2.52.025, SALT LAKE CITY0', 97-1 0 97-21 SALT LAKE CITY ORDINANCE No. 26 of 1997 (Early Retirement Incentive Program) AN ORDINANCE AMENDING SECTION 2.52.025, SALT LAKE CITY CODE, RELATING TO THE EARLY RETIREMENT INCENTIVE PROGRAM. Be it ordained by the City Council of Salt Lake City, Utah: PREAMBLE Section 2.52.025 states that its purpose and intent was to provide a gratuitous award to qualifying and retiring employees of the City for their valued years of service and to establish a cost-effective City management mechanism to encourage eligible employees to retire at specified times. The City Council reserved the right to amend, modify or repeal Section 2.52.025 at any time. Section 2.52.025 did not create or vest any property interests or contract rights. In reweighing the costs and benefits of the early retirement incentive program and the availability of other alternatives, the City Council has determined that it is in the best interest of the City to repeal Section 2.25.025. Although the City Council has the right to repeal Section 2.25.025 at anytime, it chooses to delay the expiration date until June 30, 2002. The City Council, however, reserves the right to amend, modify or repeal Section 2.25.025 at any time prior to June 30, 2002. SECTION 1. That Section 2.52.025 of the Salt Lake City Code, which provides a gratuitous award under an early retirement incentive program, be, and the same hereby is amended as follows: 2.52.025 Early retirement incentive program. A. * * * * * * O. Section 2.52.025 and the gratuitous award provided herein shall expire on midnight, June 30, 2002 and be of no force and effect thereafter, unless earlier amended, modified or repealed. SECTION 2. This ordinance shall take effect immediately upon the date of its first publication. Passed by the City Council of Salt Lake City, Utah this 10 day of June , /•4.997 . 2 ATTEST AND COUNTERSIGN: • I F DEPUTY CITY \RECORDER Transmitted to the Mayor on 6-10-97 Mayor's Action: XXX Approved. ATTEST AND COUNTERSIGN: CHIEF DEPUTY (SEAL) Bill No. 26 of 1997. Published: 7-1 -97 Vetoed. APPROVED A3 TO F":+?;Ar. Salt Lake City Attorny`S C: i' i,;c: Date �1q�97 - \ORDINA97\2.52.025 Early Retirement Incentive Program (clean).doc 3