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RESOLUTION 2007-08
AMENDING VRS BENEFIT CHANGES
FOR HAZARDOUS DUTY EMPLOYEES
(LEOS)
WHEREAS, by resolution legally adopted and approved by the Town Council of the
Town of Pulaski, Virginia, a political subdivision, participates in the Virginia Retirement
System under §52.1-130 of the Code of Virginia as amended; and,
WHEREAS, by Resolution legally adopted and approved by the Town Council of the
Town of Pulaski, Virginia, has elected to provide the enhanced benefits described in
§51.1-138, subsection B to selected public safety employee groups, such benefits being
referred to collectively as "Section 138 Coverage", and
WHEREAS, the Virginia General Assembly passed legislation effective July 1, 2007,
allowing the Town of Pulaski to elect to provide for its employees with Section 138
Coverage, a retirement allowance equal to the amount of creditable service multiplied by
1.85 percent of average final compensation as provided in clause (ii) in subsection A (1)
of § 51.1-206 (the "1.85 Multiplier") and
• WHEREAS, the Town of Pulaski desires to make this irrevocable election and provide
the 1.85 Multiplier to its employees that now have, or may in the future be given, Section
138 Coverage;
NOW THEREFORE IT IS RESOLVED that the Town of Pulaski elects to establish
the 1.85 Multiplier for all employees who are now, or who maybe in the future, provided
Section 138 Coverage; and it is further
RESOLVED, that the Town of Pulaski agrees to pay the employer cost for providing the
1.85 Multiplier to all employees who are now, or who maybe in the future, provided
Section 138 Coverage, pursuant to this irrevocable election; and it is further
RESOLVED that John Hawley, Town Manager of the Town of Pulaski, and Patricia
Cruise, Clerk of Council are authorized and directed in the name of the Town of Pulaski
to execute any required contract to carry out this irrevocable election, and to do any other
thing, or things, incident and necessary in the lawful conclusion of this matter. The seal
of the Town of Pulaski shall be affixed to any such contract and attested by the Clerk of
Council and the Finance Director of the Town of Pulaski is authorized and directed to
pay over to the Treasurer of Virginia from time to time such sums as may be required to
be paid by the Town of Pulaski or its employees for this purpose.
•
This Resolution is effective July 1, 2007 and is hereby adopted this 19t'' day of June 2007
by the duly recorded vote of the Town Council of the Town of Pulaski, Virginia as
follows:
Jeffrey S. Worrell -Aye
Dan Talbert, Jr. -Aye
Lane R. Penn -Aye
Joel B. Burchett, Jr. -Aye
David L. Clark -Aye
Larry G. Clevinger, II -Aye
THE TOWN OF PULASKI, VIRGINIA
~ ~~ .
BY:
harles L. ad ,Mayor
ATTEST:
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Patricia Cruise, Clerk of Council
I, Patricia Cruise, Clerk of Council of the Town of Pulaski, Virginia, certify that the
foregoing is a true and correct copy of the resolution passed at a lawfully organized
meeting of the Town of Pulaski Town Council held at Pulaski, Virginia at 5:00 p.m. on
June 19, 2007.
Given under my hand and seal of the Town of Pulaski this~~day of ~c~~C, ~a "~
Patricia Cruise, Clerk of Council
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