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1992 Resolutions
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1992 Resolutions
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Ord/Resolutions
Year
1992
Ord/Resolutions - Type
Resolutions
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112 <br /> <br />A RESOLUTION REQUESTING THE VIRGINIA RETIREMENT SYSTEM'S (VRS) <br />BOARD OF TRUSTEES TO ACCEPT EMPLOYEES OF THE CITY OF <br />PORTSMOUTH, NOT NOW COVERED BY VRS IN THE VRS LIFE INSURANCE <br />PLAN. <br /> <br /> WHERE~S, the City Council of the City of Portsmouth, <br />Virginia, desires to provide the officers and employees of the <br />City of Portsmouth, a political subdivision of the <br />Commonwealth of Virginia with the opportunity to participate <br />in the VR$ Group Life Insurance Plan; and <br /> <br /> WHEREAS, those officers and employees who are regularly <br />employed full-time on a salary basis and members of the <br />Portsmouth Fire and Police Retirement System and the <br />Portsmouth Supplemental Retirement System voted on December <br />2-4, 1992, to either accept or reject the VRS Group Life <br />Insurance Plan; and <br /> <br /> WHEREAS, at least 75% of those eligible officers and <br />employees voted in the affirmative to accept the VRS Group <br />Life Insurance Plan which vote was confirmed by the City's <br />Registrar. <br /> <br /> NOW, THEREFORE, BE IT RESOLVED that the City of <br />Portsmouth, Virginia, a political subdivision of the <br />Commonwealth of Virginia, acting by and through the Portsmouth <br />City Council does hereby elect to have those of its employees <br />and officers who are regularly employed full time on a salary <br />basis and whose tenure is not restricted as to temporary or <br />provisional appointment, to become eligible to participate in <br />the Group Life Insurance Program, effective January 1, 1993, <br />as set out in Section 51.1-500 through Section 51.1-514 of the <br />Code of Virginia, as such Code has been or may be amended from <br />time to time; and the City agrees to pay the required employer <br />cost for its eligible officers and employees and, further, to <br />deduct from the officers' or employees' wages and to pay over <br />in the manner prescribed the officers' or employees' portion <br />to the extent that such officers' or employees' portion ls not <br />paid by the City and that V. Wayne Orton, City Manager of the <br />City of Portsmouth, and Sheila P. Pittman, Clerk of the City <br />of Portsmouth, are hereby authorized and directed in the name <br />of the City Council to execute any required contract in order <br />that said officers and employees of the City may become <br />eligible to participate in the Group Life Insurance Program as <br />provided in the aforementioned sections of the Code of <br />Virginia. In execution of any contract which may be required <br />the seal of the City shall be affixed and attested by the <br />Clerk, and said officers of the City are authorized and <br />directed to pay over to the Treasurer of Virginia from time to <br />time such sums as are due to be paid by the City and its <br />officers or employees for this purpose. <br /> <br /> <br />
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