ADOPTED - JULY 24, 2001

Agenda Item No. 26



Introduced by the Administrative Services/Personnel and Finance Committees of the:



INGHAM COUNTY BOARD OF COMMISSIONERS



RESOLUTION APPROVING EMPLOYEE-PAID RETIREMENT IMPROVEMENTS IN 2002 FOR JUDGES



RESOLUTION #01-226



WHEREAS, Resolution #01-203, permitted managerial employees to purchase the B4 and FAC3 retirement improvements and included that judges covered under the Municipal Employees' Retirement System (MERS) may also purchase these benefits; and

WHEREAS, a majority of the judges are interested in purchasing only the B4; and



WHEREAS, an actuarial must be obtained from MERS to determine the cost of the B4, without the FAC3; and



WHEREAS, payment for this improvement shall be made by instituting the mandatory employee contribution rate.

THEREFORE BE IT RESOLVED, that effective January 1, 2002, judges covered under the Municipal Employees' Retirement System shall be provided with the B4 contingent upon the cost being acceptable to a majority of the judges.



BE IT FURTHER RESOLVED, that if purchasing the B4 is agreed upon by a majority of the judges, that it shall be paid for by instituting a mandatory employee contribution rate reflecting the full cost for this benefit.



ADMINISTRATIVE SERVICES/PERSONNEL: Yeas: Stid, Celentino, De Leon, Swope

Nays: None Absent: Minter Approved 7/17/01



FINANCE: Yeas: Czarnecki, Hertel, Schafer, Swope, Lynch, Krause Nays: None

Absent: Minter Approved 7/18/01