HomeMy WebLinkAboutC.054.93008_0061 (2)QOON 25 PAA069 4048
MOTION from Chairman Troutman to adopt the following resolution:
RESOLUTION TO ELECT A SHELTER OF EMPLOYEES' CONTRIBUTIONS
PAYABLE AS MEMBERS OF THE NORTH CAROLINA LOCAL GOVERNMENTAL
EMPLOYEES' RETIREMENT SYSTEM
WHEREAS, the 1981 Session (1982 Regular Session) of the
North Carolina General Assembly, by a duly ratified bill
effective July 1, 1982, enacted North Carolina General
Statute 128-30(bl), a copy of which is attached hereto,
which under the conditions specified therein permits
an employer participating in the North Carolina Local
Governmental Employees' Retirement System to shelter the
contributions payable to this System by its employees who are
members of this System; and,
WHEREAS, this employer is an employer participating in
the North Carolina Local Governmental Employees' Retirement
System with respect to its eligible employees; and,
WHEREAS, this employer deems it desirable to tax
shelter the contributions payable by its employees as
members of the North Carolina Local Governmental Employees'
Retirement System.
NOW, THEREFORE, BE IT RESOLVED BY THE Iredell County
Board of Commissioners in regular session, that as of
July 20, 1982, Iredell County elects pursuant to the provi-
sions of the North Carolina General Statute 128-30(bl) to pick
up and pay to the North Carolina Local Governmental Employees'
Retirement System the contributions which would be other-
wise payable to this System by its employees who are members
of this System and to treat in all respects such contributions
in the manner specified in said North Carolina General
Statute 128-30(bl).
VOTING: Ayes - 5; Noes - 0.
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