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HomeMy WebLinkAboutRes 01-82 01/05/1982 I I 'I RESOLUTION NO. 1-82 A RESOLUTION ADOPTING THE ANNUAL 1,000 HOUR STANDARD FOR ILLINOIS MUNICIPAL RETIREMENT FUND PARTICIPATION WHEREAS, Section 7-137 of the Illinois Pension Code provides that effective January 2, 1982, certain employers in the I Illinois Municipal Retirement Fund may elect to exclude from participation in the Fund persons in positions normally requiring performance of duty for less than 1,000 hours per year; and WHEREAS, the exclusion may be applicable only to persons first employed in positions under the Fund by any employer in the Fund after the adoption of the Resolution establishing the exclusion; and WHEREAS, the Village of Mount Prospect is authorized by Section 7-137 of the Illinois Pension Code to adopt such exclusion and it is desirable that it do so; NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND BOARD OF TRUSTEES OF THE VILLAGE OF MOUNT PRO"SP:SCT, COOK COUNTY, ILLINOIS: SECTION ONE: That the Village of Mount Prospect does hereby elect to exclude from participation in the Illinois Municipal Retirement Fund all officials and employees in positions normally requiring performance of duty for less than 1,000 hours per year. I SECTION TWO: That the exclusion stated herein shall apply only to officials and employees who first occupy offices or positions under the Fund after the adoption of this Resolution. SECTION THREE: That the Village Clerk is hereby authorized land directed to file a duly certified copy of this Resolution !Iwith the Illinois Municipal Retirement Fund. SECTION FOUR: That this Resolution shall be In full force land effect from and after its passage and approval in the manner provided by law. ¡IAYES: Arthur, Farley, Floras, Miller, Murauskis, Wattenberg I NAYS: None ABSENT: None PASSED and APPROVED this 5th. day 0 f January 1982. IATT;ST' /} , , ¿t~'J