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HomeMy WebLinkAbout94-32A• RESOLUTION 94-32- ~l TO PROVIDE A 3% BENEFIT INCREASE FOR CURRENT AND FUTURE RETIREES BE IT RESOLVED that the Town of Pulaski does hereby elect to provide a 3% retirement allowance increase as provided in the Code of Virginia, Section 51.1-130, 51.1- 155, 55.1-157 as applicable for its eligible current and future retirees under employer code 5-387. BE IT ALSO RESOLVED that the Town of Pulaski 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. BE IT FURTHER RESOLVED that the Town of Pulaski elects to allow its eligible current and future retirees to receive the benefit increase effective October 1, 1994 or NOW, THEREFORE, Andrew L. Graham, Jr., Mayor of the Town of Pulaski and Ruth A. Harrell, Clerk of the Council, are hereby authorized and directed in the name of the Town of Pulaski to execute any required contract in order that said eligible current and future retirees of the Town of Pulaski 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 of Pulaski shall be affixed and attested by the Clerk, and said officers of the Town of Pulaski 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 of Pulaski for this purpose. This RESOLUTION is effective upon adoption and is adopted by recorded vote of the Town Council of the Town of Pulaski, Virginia on this 20th day of December, 1994, as follows: John A. Johnston - Aye John W. Stone - ~ y~ Bettye H. Steger - ~- W. H. Schrader, Jr. - Aye ATTEST Ruth A. Harrell Clerk of Council Roy H. D'Ardenne, Jr. - Aye W. Edgar Hale - Aye Alma H. Holston _ Aye E. G. Black, Jr. - Aye BY: Andrew L. Graham, Jr. Mayor • CERTIFICATE I, Ruth A. Harrell, Clerk of the Council, certify that the foregoing is a true and correct copy of a resolution passed at a lawfully organized meeting of the Town of Council held at the Town of Pulaski Municipal Building, Pulaski, Virginia at 7. o T~ o'clock on ,Z D - S `~ .Given under my hand and seal of the Town of Pulaski this o?o x~ day of ~~~ . , 19 9 `~ . ~{ ...~Y Clerk a:benefit •