Laserfiche WebLink
42 <br /> <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PORTSMOUTH, <br />VIRGINIA, ELECTING TO HAVE FULL-TIME SWORN FIREFIGHTERS AND <br />POLICE OFFICERS HIRED ON OR AFTER JULY 1, 1995, PARTICIPATE IN <br />AND BECOME ELIGIBLE FOR ALL BENEFITS EQUIVALENT TO THOSE <br />PROVIDED FOR STATE POLICE OFFICERS, AS SET FORTH IN SECTION <br />51.1-138 OF THE CODE OF VIRGINIA, AND TO AUTHORIZE AND DIRECT <br />THE CITY MANAGER TO EXECUTE THE NECESSARY DOCUMENTS TO IMPLEMENT <br />THIS BENEFIT. <br /> <br /> WHEREAS, the Council of the City of Portsmouth, Virginia, <br />desires to provide retirement and other benefits to sworn <br />firefighters and police officers; and <br /> <br /> WHEREAS, the City Council desires to provide such <br />retirement benefits as are provided to state police officers of <br />the Department of State Police under Section 51.1-138 of the <br />Code of Virginia; and <br /> <br /> WHEREAS, the City Council desires to implement this <br />resolution effective with all firefighters and police officers <br />hired on or after July 1, 1995. <br /> <br /> NOW, THEREFORE, BE IT RESOLVED that the Council of the City <br />of Portsmouth, Virginia, a political subdivision of the <br />Commonwealth of Virginia, currently participating in the <br />Virginia Retirement System under Title 51.1 of the Code of <br />Virginia does hereby elect to have such employees of the City <br />who shall become employed on or after July 1, 1995, in positions <br />as full time salaried firefighters and police officers which <br />positions are not restricted as to temporary or provisional <br />appointment, become eligible to be provided benefits in the <br />Virginia Retirement Sysnem. <br /> <br /> BE IT FURTHER RESOLVED that the City elects to provide <br />benefits in the Virginia Retirement System to these same <br />employees that are equivalent to the benefits provided for state <br />police officers of the Department of State Police, as set out in <br />Section 51.1-138 of the Code of Virginia, and as may be amended <br />from time to time, in lieu of the benefits that would otherwise <br />have been provided under the Portsmouth Fire and Police <br />Retirement System. The City agrees to pay the employer's cost <br />and the employee's share of such cost for providing said <br />benefits to these employees. <br /> <br /> BE IT FURTHER RESOLVED that the City Manager be, and hereby <br />is, authorized and directed to execute any required contract or <br />other documents in order that the benefits herein authorized may <br />be enacted in the lawful conclusion of this matter. The <br />Director of Finance and the City Treasurer, are hereby <br />authorized and directed to pay over to the Treasurer <br /> <br /> <br />