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Title:
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A bill for an ordinance amending the 1963 Retirement Plan with regard to definitions, establishment and management of trust fund, retirement board, retirement categories, retirement benefits, joint and survivor benefits, and monthly payment of benefits.
(Governance & Charter Review) Amends the Denver Revised Municipal Code to lower the actuarially assumed rate of investment return to 7.75% from the current rate of 8.0%, and to remove obsolete language or clarify Code language intent. The Committee approved filing this bill at its meeting on 8-25-15.
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