HomeMy Public PortalAbout25-2006-25 RESOLUTION 2006-25 , , ;,
RESOLUTION ELECTING TO ENLARGE PARTICIPATION IN
THE PUBLIC EMPLOYEES' RETIREMENT FUND
WHEREAS, the Common Council , is the governing body of the
City of Greencastle in Putnam?► County in the State of
Indiana, and
WHEREAS,the actuary for the Public Employee's Retirement Fund has furnished such governing body
with certain cost estimates to become a participant in such Fund as established by the Acts of 1945,
Chapter 340, and all Acts amendatory and supplemental thereto and
WHEREAS, such governing body is full/cognizant that the percentage of cost of gross annual payroll of
covered employees has been set at %by the actuary of the Fund, and that at five year intervals,
or more often if directed by the Board of Trustees of the Public Employees' Retirement Fund, the actuary will
review the status of the employees covered and shall adjust the cost percentage accordingly so that the FUND
will remain on an actuarially sound basis, and
WHEREAS, such governing body acknowledges its liability and that, pursuant to law, it and its successors in
office, must appropriate sufficient funds each year to retire the employees' prior service liability in an orderly
manner and also fund the current cost accruing annually.
NOW THEREFORE, BE IT ORDAINED by the governing body of the
City of Greencastle in Putnam
County,
in the State of Indiana:
SECTION ONE: The City of Greencastle elects to enlarge its
participation in the Public Employees' Retirement Fund by including additional classes of employees as stated
below in the coverage under Chapter 340 of the Acts of 1945, all Acts amendatory and supplemental thereto.
This agreement supplements the original dated
SECTION TWO: The City of Greencastle agrees to make the required
contributions under the Public Employees' Retirement Fund Act, which is the Act of 1945, Chapter 340, and all
Acts amendatory thereof and supplemental thereto, including specifically the Acts of 1955, Chapter 329,
commonly designated as "The Indiana Public Employees' Social Security Integration and Supplemental
Retirement Benefit Act."
SECTION THREE: The positions listed on Appendix A are declared to be covered by the Fund.
SECTION FOUR: It is hereby declared that none of the classifications or positions specified in Section
Three are compensated on a fee basis or of an emergency nature, or in a part-time category
SECTION FIVE: The active participating membership of the City of Greencastle
shall begin on January 1 , 2007 (Name of Political Sub-Division)
SECTION SIX: This Resolution shall be in full force and effect from date of passage and upon approval
of the Board of Trustees of the Public Employees' Retirement Fund of Indiana, except that active participating
membership shall begin on the date set forth in Section Five.
SIGNATURES OF THE GOVERNING BODY:
i
Dated this /C% ti
day of By: . i- “T.
Chairman/President
ee .&_ , 20 C267
APPENDIX A
Pursuant to IC 5-10.3-7-2 (6) employees occupying positions normally requiring performance of
service of less than one thousand (1,000) hours during a year are excluded from PERF coverage.
This is to certify that all positions listed on Appendix A are classified as full time and normally require
the performance of service of a least one thousand (1,000) hours during a year. 2b6���
The following positions are covered by the attached Resolution dated /v�6/ -
��F �'/t .
_ - Positions Covered:
Water Department Superintendent
Water Department Plant Foreman
Water Department Field Foreman
Water Department Service Foreman
Water Department Meter Reader
Water Department Laborer
Water Department:; Senior Clerk
Water Department Billing Clerk