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A RESOLUTION' <br />ESTABLISHING THE,AMOUNT,OFxP,OST.RETIREMENT <br />SUPPLEMhNTS 0R` RETIRED,GI'Y EMPLOYEES FOR <br />FISCAL YEAR 1976-77; <br />WHEREAS, the City Council,'has,previously.adopted a budget <br />for fiscal year 1976-77 which,includes funding for an average, <br />salary increase of 5%, exclusive'o_'f merit increases for current' <br />City employees; <br />NOW, THEREFORE, BE IT-RESOLVED by the Council.of'the'City <br />of Charlottesville, pursuant to X20-33(b) of the Code of the <br />City of Charlottesville;,1976,. that the Retirement Fund <br />Commission is authorized and directed to provide for'the payment <br />of a post retirement supplement of 50 of the current.retirement.. <br />pay of each presently retired. City employee effective .for the <br />fiscal year, beginning July 1, 1976•. <br />• Ad'onted by the Courici.l. ' <br />,Tune 21, 1976 <br />CoT)T Teste: <br />actin,.^., Cle— rf ote'Counc— <br />— <br />