County Commissioner Resolutions - October 2003���
RESOLUTION NO. 2003- �
RESOLUTION FOR EMPI,OYER PARTZCIPATION IN
THE PZCK-UP OF ADDITIONAI, EMPLOYEE CONTRIBUTZONS
WHEREAS, Ir.diana Code 5-10.2-3-2 authorizes Employers,
pursuan� to Sec�ion �14(h)(2) of the Internal revenue code, �o
pic',{-up and pay employee con�ribu�ions to an employee's annui�y
savings accoun� wnich are made in addition to �he mandatory
emoloyee contr_bution (hereinafter "additional employee
contributions"), in accordance �dith rules adoo�ed by che Zndiana
Public �mployees' Re�_remen� Fund (hereinafter "Fund").
WHEREAS, the Fund has adopted a rule governing the pick-up
o= addi�ional E�TiD10}TE2 con�ributions by Employers at 35 IAC 11
("Elective Payroll Deductions for Additional Contribu�ions")
(hereinafter "Pick-Up Regulation");
WHEREAS, ZC 5-10.2-3-2 authorizes particioating Employers �o
wi�hhold �he additio:�al employee contribu�ions irom an employee's
wages ior con�rzbution to the member's annuity savings account,
and �o �rea� �`�e withheld amounts as pre-tax "pick-up"
contribucions Under Section 414(h)(2) oi the Znternal Revenue
Code when such �reatment is irrevocably elected by �he employee;
WHEREAS, eligib�e emp�oyees o� Gibson CounLy, Indiana
(h2reinaiter "Employer") participate in tne Zndiana Public
Emoloyees' Ret�rement Fund;
WHEREAS, ic is tne Employer's desire �o nick-up a11 0� che
addi�ional empioyee contributions made by participa�ing employees
who are members oi �he Indiana Public Employees' Retiremen� Fund;
NOW, THEREFORE, BE IT RESOLVED, that ei�ective as of January
1, 2004 the Emoloyer desires to pick-up all o� the addicional
employe2 concributions made by employees through a binding
irrevocable payroll deduct:on au�horization. No addi�ional
emoloye� contributions prior to the Employer's adoption of tnis
Resolution shall be picked-up;
BE IT F'URTHER RESOLVED, tha� said addi�ional employee
con�ributior.s �or s�ate law purposes, and withheld from pay unde-
�:�e terms of �ne Pic'�-Op Regulation and IC 5-10.2-3-2, are beina
paid by �he Emoloyer'in lieu of said con�ributions by �he
employee;
��a
BE IT FURTHER RESOLVED, that the Employer shall comply W1LR
all o` the �erms and provisions of the Pick-Op Regula�_on and
applicable nrov�sions of �he Zn�2rnal Revenue Code.
Da�ed �nis � day ot , 2003.
ATTEST:
KEN GREUBEL
Gibsor. Coun�y Auditor
L:\ii3\�C1CS\34353\RES\SY5282.DOC
SHER ELL MARGLNE , P e� en�
ZNDA K. HOOVER
N�i/ "U �C./
DON L. WHZTEHEAD