R-320 - 12/08/1981 - IMRF - Resolutions , , . "'o 3 a r gy..Vta8 fr
RESOLUTION 1,10, R-"' p2O ,
RESOLUTION AUTHORIiJNG'°'HE.,VILLAGE qkk. OAK E C K
• ' 'T `TItfG UP CONTRIBt TIOW REQUIRED
BY ' I S.'' :N&ION CODE AE TING TO ,
THE IY�LINIS MUNICIPAL RETIREMENT,.'.FOND
•WHEREAS, p1rag.rap1 7-X173•2: of the 1"linoks ryPen l•ea
Code, Chapter 1083 of the, Illinois Revised Statutes, permits
employer to: make>paYInget,of employee coitributions to the :
i
Illinois Municipal at re*eint Fund, end .
WHEREAS,''Section 414(h) of the ntern ►l Rev ulrMe Cade
provides that employer aid (picked-up) employee e•;contxibut On
are.excluded fttsnt taxable ;Toss income until distributed-as -
refund, annuity or death benefit, and
WHEREAS,-'it is desirable 'that, 'yee ,cc atri.butionr , '.
to the Illinois Municipal; Retirement Fund be pa:i& by the
employer; >.
NOW, THEREFORE, :PE,IT RESQLVED BY 'tHE ;PRESIDENT'AND•
BOARD OF. TRUSTEES OF THE VILLAGE OF OAK BROOK, 4J Pi GE':A191? COOK <:
' GOUtt'FIES,:" ILLINOIS, that employee gonttxbut ooi�s Cci the iIlf nr�is
r f1,cipal'.Rel;tr x►t Fund sb, .l_be paid by the Vi' 1ige' gf',Oak
Brook, an belxalf of X11 aid" t-e plt ees. enrolled"_- .n ' ' F'dnd
B3RI H)RTh$L REQLVED that the paymeft shah. be"
`' :made by to c'in$hb `amotlt'of the_ ross earnin s payable e *4-6',.'
mp `ogees t >•naount of tl n
_coat ibutions;: n ipalcing: ,psiy.�aent
if this aipeuat '41..tect y,�.to-t1e Find: ,
BE .f ' 1 UR°THER RESOLVED;that -the pay ft $ the-
'emp'lo;ee roittri, tll�ons provided shall be effective for;'all '
compensa�t.ion pa d"to.,employc# beginning"with Ja�luary .198
passed- and ,nppitTOred''-this 8th day, of D er y r
x981 by the President, and..Board of Trus ees,of the Vi-T-.111, e i N` •
Oak Brook,, -Du Pageaand Cp01* Countie-s,, Illinois according to a •`
#srll call Grote a"s.'-fellows:
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Ayes~ !' v ate,, U •tectd' i RUeh-dnd essn' '•
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Nays: e:,,,..„:„:.,
4.: ' �- . ---"-Absent pre ce n
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