HomeMy WebLinkAboutRes 19-83 04/19/1983
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RESOLUTION NO.
19-83
A RESOLUTION PERTAINING TO INCO~m TAX WITHHOLDINGS FOR
MEMBERS OF THE MOUNT PROSPECT FIREMENS' PENSION FUND
WHEREAS, Section 414(h) of the Internal Revenue Code provides
that employer paid employee contributions are excluded in
taxable gross income until distributed as a refund, annuity
or death benefit¡ and
WHEREAS, it .is desireable that the employees' contributions
to the Hount Prospect Illinois Firemens' Pension Fund be
paid by the employer¡ and
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND BOARD OF
TRUSTEES OF THE VILLAGE OF MOUNT PROSPECT, COOK COUNTY, ILLINOIS:
SECTION ONE: That Mayor and Board of Trustees of the Village of
Mount Prospect hereby authorize and direct that employee
contributions to the Mount Prospect Firemens' Pension Fund
shall be paid by the Village of Mount Prospect on behalf of all
the employees enrolled in said Fund.
SECTION TWO: That payment of employee contributions provided
in SECTION ONE hereinabove shall be effective for all
compensation paid to employees beginning with May, 1983.
SECTION THREE: That this Resolution shall be in full force
ånd effect from and after its passage and approval in the
manner provided by law.
AYES: Arthur,
NAYS: None
ABSENT: None
Farley, Floros, Murauskis, Richardson, Wattenberg
PASSED and APPROVED this 19
day of
April
, 1983.
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May;;;- -Y-1;ft'1.
ATTEST:
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Village Clerk