HomeMy Public PortalAbout1994_10_11_R215The Town of
Leesburg,
.rg ma
RESOLUTION NO.
A RESOLUTION:
PRESENTED October 11, 1994
94-215 ADOPTED October 11, 1994
TO PROVIDE A 3% BENEFIT INCREASE FOR CURRENT AND
FUTURE RETIREES
WHEREAS, the town does hereby elect to provide a 3% retirement allowance increase as
provided in the Code of Virginia, Sections 51.1-130, 51.1-155, and 55.1-157 as applicable for its
eligible current and future retirees; and
WHEREAS, the town agrees to accept all liability for any current or future additional
employer contributions and any increases in current or future employer contribution rates resulting
from its election to provide the increase in benefits to its current and future retirees; and
WHEREAS, the town elects to allow its eligible current and future retirees to receive the
benefit increase effective October 1, 1994.
THEREFORE, RESOLVED by the Council of the Town of Leesburg in Virginia as follows:
The town manager is hereby authorized and directed to execute any required contract in
order that said eligible current and future retirees of the town may participate in the benefit
allowance increase as provided for in the Code of Virginia. In execution of any contract which may
be required, the seal of the town shall be affixed and attested by the clerk, and said officers of the
town are authorized and directed to pay over to the Treasurer of Virginia from time to time such
sums as are due to be paid by the town for this purpose.
PASSED this llth day of October ., 1994.
Clerk of Council
R:vrs
~la/mes E. Clem, Mayor
Town of Leesburg