HomeMy WebLinkAbout6301_CCv0001.pdf RESOLUTION NO. 6301
RESOLUTION FOR EMPLOYER PICK-UP FOR SAFETY EMPLOYEES
WHEREAS, the City of Redlands has the authority to implement the provisions of
section 414(h)(2) of the Internal Revenue Code (IRC); and
WHEREAS, the Board of Administration of the Public Employees' Retirement System
adopted its resolution re section 414(h)(2) IRC on. September 18, 1985; and
WHEREAS, the Internal Revenue Service has stated in December 1985, that the
implementation of the provisions of section 414(h)(2) IRC pursuant to the
Resolution of the Board of Administration would satisfy the legal requirements of
section 414(h)(2) IRC; and
WHEREAS, the City of Redlands has determined that even though the implementation of
the provisions of section 414(h)(2) IRC is not required by law, the tax benefit
offered by section 414(h)(2) IRC should be provided to its employees who are
members of the Public Employees' Retirement System:
NOW, THEREFORE, BE IT RESOLVED:
1. That the City of Redlands will implement the provisions of section 414(h)(2)
Internal Revenue Code by making employee contributions pursuant to California
Government Code section 20691 to the Public Employees' Retirement System on
behalf of its employees who are members of the Public Employees Retirement
System. "Employee contributions" shall mean those contributions to the Public
Employees' Retirement System which are deducted from the salary of employees
and are credited to individual employee's accounts pursuant to California
Government Code section 20691.
11. That the contributions made by the City of Redlands to the Public Employees'
Retirement System, although designated as employee contributions, are being paid
by the City of Redlands in lieu of contributions by the employees who are members
of the Public Employees' Retirement System.
11I. That employees shall not have the option of choosing to receive the contributed
amounts directly instead of having them paid by the City of Redlands to the Public
Employees' Retirement System.
IV.That the City of Redlands shall pay to the Public Employees' Retirement System the
contributions designated as employee contributions from the same source of funds
as used in paying salary.
V. That the amount of the contributions designated as employee contributions and paid
by the City of Redlands to the Public Employees' Retirement System on behalf of an
employee shall be the entire contribution required of the employee by the Public
Employees' Retirement Law (California Government Code sections 20000, et seg. .
VI. That the contributions designated as employee contributions made by the City of
Redlands to the Public Employees' Retirement System shall be treated for all
purposes, other than taxation, in the same way that member contributions are treated
by the Public Employees' Retirement System.
APPROVED AND ADOPTED this 20"' day of July, 2004.
*usaPepple�=r—,—Mayr
ATTEST:
Lorr oyzer, Ci le
1, Lorrie Poyzer, City Clerk of the City of Redlands, hereby certify that the foregoing resolution
was duly adopted by the City Council at a regular meeting thereof held on the 20th day of July,
2004,by the following vote:
AYES: Councilmembers Gil, Gilbreath George, Harrison; Mayor Peppler
NOES: None
ABSENT: None
ABSTAIN: None
Lo r!3W'Poyzer, C&IC1kk