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122 RESOLUTION ELECTING TO PERMIT CITY E~PLOYEES WHO ARE MEMBERS OF THE PORTSMOUTH EMPLOYEES SUPPLEM~ENTAL RETIREMENT SYSTEM (PESRS) TO PARTICIPATE iN THE VIRGINIA SUPPLEMENTAL RETIRE- MENT SYSTEM AND GROUP LIFE INSURANCE PROGRAM. WHEREAS, the City of Portsmouth operates and maintains a retirement system known as the Portsmouth Employees Supple- mental Retirement system as established in Article I of Chapter 31 of the Code of the City of Portsmouth, Virginia; and WHEREAS, the City Council has conducted a referendum and received petitions from a majority of the members of the Portsmouth Employees Supplemental Retirement System requesting the City Council to adopt a resolution to permit the members ~ to become eligible in and have their creditable service transferred to the Virginia Supplemental Retirement System (VSRS) pursuant to Section 51-111.34 of the Code of Virginia, 1950, as amended; and WHEREAS, the members of the Fire and Police Retirement System as established by Chapter 31, Article II and the Portsmouth Supplemental Retirement SyStem as established by Article IV of Chapter 31 of the Code of the City of Portsmouth, Virginia have not ~requested that such a resolution be adopted nor such option be afforded either of these retirement systems; and WHEREAS, it is the opinion of the Council of the City of · Portsmouth, Virginia, that the request of the members of the Portsmouth Employees Supplemental. Retirement Sy~stem should.be approved. NOW, THEREFORE, it is hereby resolved~by the Council of the City of Portsmouth, Virginia, that it elects to have those current employees, retired employees and vested former employees who are members of the Portsmouth Employees Supple- mental Retirement System and all future employees who are regularly employed full time on a salary basis and whose tenure is not restricted as to temporary or provisional appointment, except for present and future employees who are eligible for membership in the City of Portsmouth Fire and Police Retirement System as set out in Chapter 31, Article II, of the Code of the City of Portsmouth, Virginia, as such Code has been or may be amended from time to time, to become eligible to participate in'the Virginia Supplemental Retire- ment System effective December 1, 1984, as set out in Title 51, Chapter 3.2, Section 51~1tl.9 through Section 51.111.67, and have those current employees participate in the Group Life Insurance Progrsnu, effective December 1, 1984, as set out in Section 51-111.67:1 through Section 51-111.67:12 of the Code'of Virginia, as such Code has been or may be amended from time to time.