R-84-07RESOLUTION NO. R -84- 07
WHEREAS, Section 7 -173.2 of the Illinois Pension Code requires employers
to adopt employer paid (pickup) plan for employee contributions to the Illinois
Municipal Retirement Fund, beginning July 1, 1984; and
WHEREAS, Section 414(h) of the Internal Revenue Code provides that employer
paid (picked-up) employee contributions are excluded in taxable gross income
until distributed as a refund, annuity or death benefit; and
WHEREAS, it is desirable that the method of implementing the employer paid
(pick -up) plan be clarified:
NOW, THEREFORE, BE IT RESOLVED by the President and Board of Trustees of
the Village of Deerfield, Illinois, that employee contributions to the Illinois
Municipal Retirement Fund shall be paid by the Village of Deerfield on behalf
of all employees enrolled in the Fund;
BE IT FURTHER RESOLVED that the payment shall be made by reducing the
amount of the gross earnings payable to employees by the amount of the contri-
butions and making payment of this amount directly to the Fund;
BE IT FURTHER RESOLVED that the payment of employee contributions provided
shall be effective for all compensation paid to employees beginning with July 1,
1984.
RESOLVED: 'eThis 21st day of May, A. D. 1984.
ADOPTED: This 21st day of May, A..D. 1984
AYES: Jackson, Marovitz, Marty, Seidman, Swanson, York (6)
NAYS: None (0)
ABSENT: None (0)
ATTEST:
ff v W-1 no a Wr
L %
"W"M �
��.r rA
VILLAGE PRESIDENT
,
CERTIFICATION
I, Naomi S. Clampitt, the Clerk of the Village of Deerfield of the Counties
of Lake and Cook, State of Illinois, do hereby certify.that I am the keeper
of its books and records and that the attached is a true and correct copy of
a resolution adopted by its President and Board of Trustees at a meeting
duly convened and held on the 21st day of May, A.D., 1984.
ILLA CL RK
SEAL
RESOLUTION N1
WHEREAS, Section 7 -173.2 of the
to adopt employer paid (pickup) plan
Municipal Retirement Fund, beginning
.
J. R -84 -07
Illinois Pension.Code requires employers
for employee contributions to the Illinois
July 1, 1984; and
WHEREAS, Section 414(h) of the Internal Revenue Code provides that employer
paid (picked -up) employee contributions are excluded in taxable gross income
until distributed as a refund, annuity or death benefit; and
WHEREAS, it is desirable that the method of implementing the employer paid
(pick -up) plan be clarified:
NOW, THEREFORE, BE IT RESOLVED by the President and Board of Trustees of
the Village of Deerfield, Illinois, that employee contributions to the Illinois
Municipal Retirement Fund shall be paid by the Village of Deerfield on behalf
of al-1 employees enrolled in the Fund;
BE IT FURTHER RESOLVED that the payment shall be made by reducing the
amount of the gross earnings payable to employees by the amount of the contri-
butions and making payment of this amount directly to the Fund;
BE IT FURTHER RESOLVED that the payment of employee contributions provided
shall be effective for all compensation paid to employees beginning with July 1,
1984.
RESOLVED: This 21st day of May, A. D. 1984.
ADOPTED: This 21st day of May, A. D. 1984
AYES: Jackson, Marovitz, Marty, Seidman; Swanson, York (6)
NAYS: None (0).
ABSENT: None (0)
ATTEST:
VILLAGE CL
W7�?�
VILLAGE PRESIDENT
h
CERTIFICATION
I, Naomi S. Clampitt, the Clerk of the Village of Deerfield of the Counties
of Lake and Cook, State of Illinois, do hereby certify that I am the keeper
of its books and records and that the attached is a true and correct copy of
a resolution adopted by its President and Board of Trustees at a meeting
duly convened and held on the 21st day of May, A.D., 1984.
SEAL
VILLAQ_CLJRK6/