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1984 Resolutions
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1984 Resolutions
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Last modified
2/6/2009 3:38:37 PM
Creation date
6/21/2001 5:17:26 PM
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Ord/Resolutions
Year
1984
Ord/Resolutions - Type
Resolutions
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BE IT FURTHER RESOLVED that the City Council hereby <br />requests'the Board of Trustees of the Portsmouth Employees <br />Supplemental Retirement System 'to transfer such funds, as <br />determined sufficient by the Director of Finance of the <br />City of Portsmouth, and agreed to by'the Board of Trustees <br />of the Virginia Supplemental Retirement System, to the <br />Virginia Supplemental Retirement System to pay for the <br />members creditable service to the City earned prior to <br />December 1, 1984. <br /> <br /> BE IT FURTHER RESOLVED that the City Manager is hereby <br />authorized and directed to pay from-existing appropriations <br />the costassociated with membership in the Virginia Supple- <br />mentalRetirement System for those members of the Portsmouth <br />Employees Supplemental Retirement System who .as of December <br />1, 1984 become members of the VirginiaSupplemental Retire- <br />ment System. The City Manager is also authorized and direct- <br />ed to include in future operating budgets submitted to the <br />City Council for appropriation, sums sufficient to defray <br />all costs associated with the employees' membership in the <br />Virginia Supplemental Retirement System. In addition, the <br />City Manager is authorized and directed to include in future <br />operating budgets s~bmitted to the City Council for appro- <br />priation an ~mount which at a minimum shall be the required <br />employer cost of the Group Life Insurance Program and <br />to deduct from the employees' wages to the extent that such <br />portion paid by the City is insufficient to pay the premium <br />therefor. <br /> <br /> BE IT FURTHER RESOLVED that the City Manager is hereby <br />authorized to execute such contracts and docu3aents necessary <br />to implement the intent of this resolution. <br /> <br /> BE IT FURTHER RESOLVED that this resolution shall take <br />effect on December 1, 1984. <br /> <br /> Adopted bylthe Council of the City of Portsmouth, Virginia, <br />at a meeting held November2O, 1984. <br /> <br />Teste: <br /> <br />City Clerk <br /> <br /> <br />
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