HomeMy WebLinkAboutRes 57-08 11/18/2008
RESOLUTION NO. 57-08
A RESOLUTION TO INCLUDE TAXABLE
ALLOWANCES AS IMRF EARNINGS
WHEREAS, the Village of Mount Prospect is a member of the Illinois Municipal Retirement Fund (IMRF)
and as such operates in accordance with the rules and regulations of said IMRF; and
WHEREAS, standard member earnings reportable to the IMRF do not include expense allowances; and
WHEREAS, the governing body of an IMRF participating unit of government may elect to include in IMRF
earnings all taxable expense allowances; and
WHEREAS, the Mayor and Board of Trustees of the Village of Mount Prospect is authorized to include
taxable expense allowances as earnings reportable to IMRF and it is desirable to do so.
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND BOARD OF TRUSTEES OF THE
VILLAGE OF MOUNT PROSPECT, COOK COUNTY, ILLINOIS;
SECTION ONE: That the Mayor and Board of Trustees of the Village of Mount Prospect does hereby
elect to include as earnings reportable to IMRF taxable expense allowances.
SECTION TWO: That this Resolution shall be in full force and effective from and after its passage and
approval in the manner provided by law.
AYES:
Hoefert, Juracek, Korn, Matuszak, Po lit, Zadel
NAYS:
None
ABSENT:
None
PASSED and APPROVED this 18th day of November, 2008.
~~:a.
I IVana K. Wilks, Mayor
ATTEST:
C:\Documents and Settings\KDewis\Local Settings\Temporary Internet Files\OLK1\IMRF Resolutionnov2008.doc