 | RESOLUTION NO. 153 of 2010
DATED: July 27, 2010 | |
RESOLUTION ADOPTING INTRODUCTORY LOCAL LAW NO. F OF 2010 A LOCAL LAW ELECTING A RETIREMENT INCENTIVE PROGRAM AS AUTHORIZED BY CHAPTER 105 LAWS, PART B, OF 2010 (PERSONNEL)
| Resolution by Supervisor: | Greco |
| | Seconded by: | Johnson |
WHEREAS, on June 22, 2010 a proposed Local Law for the County of Montgomery, entitled: “A Local Law Electing A Retirement Incentive Program As Authorized By Chapter 105 Laws, Part B, Of 2010” was presented to the Board of Supervisors for consideration, and
WHEREAS, on June 22, 2010 Resolution No. 147 of 2010 was adopted authorizing and directing that a Public Hearing be held by the Board of Supervisors on the 27th day of July 2010, at the time and place appointed, and
WHEREAS, said public hearing has been held,
RESOLVED, that said Local Law, known as Introductory Local Law No. F of 2010, entitled: “A Local Law Electing A Retirement Incentive Program As Authorized By Chapter 105 Laws, Part B, Of 2010 “ hereby is adopted and is incorporated as follows:
BE IT ENACTED by the Board of Supervisors of the County of Montgomery as follows:
SECTION 1. The County of Montgomery hereby elects to provide all its eligible
employees with a retirement incentive program authorized by
Chapter 105, Part B, Laws of 2010.
SECTION 2. The commencement date of the retirement incentive program shall be
October 1, 2010.
SECTION 3. The open period, during which eligible employees may retire and
receive the additional retirement benefit, shall be from October
1, 2010 through December 29, 2010.
SECTION 4. The actuarial present value of the additional retirement benefits
payable pursuant to the provisions of this Local Law shall be as
one lump sum or in five annual installments. The amount of the
annual payment shall be determined by the Actuary of the New York
State and Local Employers’ Retirement System, and it shall be paid
by the County of Montgomery for each employee who receives the
retirement benefits payable under this Local Law.
SECTION 5. This Local Law shall take effect October 1, 2010.
,and
FURTHER RESOLVED, that the Clerk of the Board of Supervisors hereby is authorized and directed to file one certified copy thereof in the Office of the Secretary of State and to ensure that it is published in the County’s designated legal newspapers, as required by law.
RESOLUTION ADOPTED with Aye(1710). Supervisor Quackenbush was absent. (7/27/2010)
| cc: | County Clerk
County Treasurer
Personnel Officer
|
| Voting Record | | Allen | (R) | Yes | 143 | | Baia | (R) | Yes | 137 | | Barone, Sr. | (R) | Yes | 139 | | Coddington | (R) | Yes | 84 | | DiMezza | (D) | Yes | 219 | | Greco | (R) | Yes | 139 | | Johnson | (D) | Yes | 137 | | Quackenbush | (R) | Absent | 158 | | Rajkowski | (R) | Yes | 147 | | Stagliano | (D) | Yes | 96 | | Strevy | (R) | Yes | 103 | | Sweet | (R) | Yes | 115 | | Thayer | (R) | Yes | 66 | | Walters | (R) | Yes | 49 | | Wheeler | (R) | Yes | 136 |
| | STATE OF NEW YORK County of Montgomery ss.:
This is to certify that I, the Undersigned, Clerk Of The Montgomery County Legislature, have compared the foregoing copy of resolution with the original resolution now on file in the office, and which was passed by the Montgomery County Legislature on the 27th day of July, 2010, a majority of all the members elected to the Legislature voting in favor therof, and that the same is a correct and true transcript of such original resolution and of the whole thereof.
IN WITNESS WHEREOF, I have set my hand and the official seal of the Montgomery County Legislature this 28th day of July, 2010
| | Totals: | Aye: | 1710 | | Nay: | 0 | |
| | Abstained: | 0 | | Absent: | 158 |
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