HomeMy WebLinkAboutRESOLUTION - 8-05 - 2/8/2005 - RETIREMENT HEALTH SAVINGS PLAN RESOLUTION NO. 8-05
A RESOLUTION AUTHORIZING THE VILLAGE OF ELK GROVE VILLAGE TO
INCLUDE COMPENSATION DIRECTED INTO A RETIREMENT HEALTH SAVINGS
PLAN AS ILLINOIS MUNICIPAL RETIREMENT FUND (IMRF)EARNINGS
WHEREAS, standard member earnings reportable to the Illinois Municipal Retirement
Fund may not include certain forms of compensation directed into a Retirement Health
Savings Plan; and
WHEREAS,the governing body of an IMRF participating unit of government may elect
to include in IMRF earnings all compensation directed into a Retirement Health Savings Plan;
and
WHEREAS,the Mayor and Board of Trustees of the Village of Elk Grove Village is
authorized to include compensation directed into a Retirement Health Savings Plan as earnings
reportable to IMRF and it is desirable that it do so.
NOW, THEREFORE, BE IT RESOLVED by the Mayor and Board of Trustees of the
Village of Elk Grove Village, Counties of Cook and DuPage, Illinois:
Section 1. That the Village of Elk Grove Village does hereby elect to include as earnings
reportable to IMRF compensation directed into a Retirement Health Savings Plan effective
February 8, 2005.
VOTE: AYES: 6 NAYS: 0 ABSENT: 0
PASSED this 8th day of February 2005
APPROVED this 8th day of February 2005
APPROVED:
Mayor Craie B. Johnson
Village of Elk Grove Village
ATTEST:
Ann I. Walsh,Villaee Clerk
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