March 12, 1999
CORPORATE SERVICES COMMITTEE:
The Board of Trustees of the Metropolitan Toronto Police Benefit Fund at its meeting held on February 26, 1999, had
before a report dated February 13, 1998 from the City Solicitor, respecting By-law No. 181-81 (Metropolitan Corporation),
Section 24 Refund, Proposed Widening of Entitlement; and recommending that this report be received for information.
The Board of Trustees recommended to the Corporate Services Committee that it:
(1)amend Section 24 of By-law No. 181-81 (Metropolitan Corporation) to allow the payment as described in subclause
(b)(i) thereof to all currently retired members who at the time of retirement had 30 years of service and were at least 50
years of age, without the requirement to receive an actuarial reduced pension under section 19; and
(2)grant the authority for the introduction in Council of the necessary Bills to give effect to Recommendation No. (1).
The Board of Trustees also:
(i)requested the City Solicitor to draft the appropriate amending by-law respecting Recommendation No. (1), and submit
such draft by-law directly to Corporate Services Committee for consideration with this matter.
The Board of Trustees adopted the foregoing recommendations and authorized and directed the appropriate City Officials,
and the Chief Financial Officer to take the necessary action to give effect thereto.
Board Secretary
Metropolitan Toronto Police Benefit Fund and
Metropolitan Toronto Pension Plan
Betty Bushe/bb
Ref: Item- 11 Police
Sent to:Corporate Services Committee
City Solicitor
Chief Financial Officer and Treasurer
c.Mr. Ron Coopman, Manager, Pension Administration
Mr. David Markle, Secretary, Police Benefit Fund Committee
Mr. Derek Brown, City Legal