1982 - 06-23-82 Adjour. Reg. Meeting

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® a.NK 4o park 410 0 NORTH CAROLINA LOCAL GOVERNMENTAL EMPLOYEES' RETIREMENT SYSTEM DEPARTMENT OF STATE TREASURER RALEIGH 27611 RESOLUTION TO ELECT A TAX SHELTER OF EMPLOYEES' CONTRIBUTIONS PAYABLE AS MEMBERS OF THE NORTH CAROLINA LOCAL GOVERNMENTAL EMPLOYEES' RETIREMENT SYSTEM WHEREAS, the 1981 Session (1982 Regular Session) of the North Carolina General Assembly, by a duly ratified bill effective July 1, 1982, enacted North Carolina General Statute 128-30(61), a copy of which is attached hereto, which under the conditions specified therein permits an employer participating in the North Carolina Local Governmental Employees' Retirement System to tax shelter the contributions payable to this System by its employees who are members of this System; and, WHEREAS, this employer is an employer participating in the North Carolina Local Governmental Employers' Retirement System with respect to its eligible employees; and, WHEREAS, this employer deems it desirable to tax shelter the contributions payable by its employees as members of the North Carolina Local Governmental Employees' Retirement System. NOW, THEREFORE, BE IT RESOLVED BY THE I o inty Board of Commissioners ( ame of Governing Body) in regular session, that as of hit y 1 , 19_82 the ounty of Lee (Date of Election) (Name of Employer) elects pursuant to the provisions of North Carolina General Statute 128-30(61) to pick up and pay to the North Carolina Local Governmental Employees' Retirement System the contributions which would be otherwise payable to this System by its employees who are members of this System and to treat in all respects such contributions in the manner specified in said North Carolina General Statute 128-30(61). Upon motion of Commissioner Gordon A. Wicker and seconded by Commissioner Lila P. Nielsen, the above resolution was introduced and adopted. The number voting in the affirmative was five and the number voting in the negative was 0