HomeMy WebLinkAboutRESOLUTION - 46-01 - 12/3/2001 - RETROACTIVE SERVICE CREDITRESOLUTION NO. 46-01
A RESOLUTION TO ALLOW MORE THAN FIFTY MONTHS OF
RETROACTIVE SERVICE CREDIT FOR ELECTED OFFICIALS
WHEREAS, Article7 of the Pension Code (Illinois Compiled Statutes, 40 ILCS
5/7-139 (a) (7)) provides that governing bodies of IMRF employers with compensated
elected officials may resolve to allow eligible former, current, and future elected officials
to purchase service credit in the Illinois Municipal Retirement Fund in an amount that
exceeds 50 months of retroactive service; and
WHEREAS, such an allowance is limited to time periods during which the
elected official qualified for IMRF participation; and
WHEREAS, the governing body must adopt this resolution before December 31,
2001.
NOW, THEREFORE, BE IT RESOLVED by the Mayor and Board of Trustees
of the Village of Elk Grove Village, Counties of Cook and DuPage, State of Illinois as
follows:
Section 1: That the Mayor and Board of Trustees of the Village of Elk Grove
Village shall allow the purchase of retroactive service credit for eligible officials in
excess of 50 months.
Section 2: That the Village Clerk shall be directed to file a certified copy of this
resolution with the Board of Trustees of the Illinois Municipal Retirement Fund and that
this resolution shall remain in full force and effect until modified and notice of such
modification or rescission has been filed with the IMRF Board of Trustees.
Section 3: That this Resolution shall be in full force and effect from and after its
passage and approval according to law.
VOTE: AYES: 6 NAYS: 0 ABSENT 0
PASSED this 3rd day of December, 2001.
APPROVED this 3rd day of December, 2001.
ATTEST:
Ann I. Walsh, Village Clerk
Craig B. Johnson, Mayor
IMRFmtroservice.doc