HomeMy WebLinkAbout780496.tiff RESOLUTION
RE: APPROVAL OF THE WELD COUNTY BOARD OF RETIREMENT AMENDMENT
TO THE WELD COUNTY RETIREMENT PLAN.
WHEREAS, the Board of County Commissioners of Weld County,
Colorado, pursuant to Colorado statute and the Weld County Home
Rule Charter, is vested with the authority of administering the
affairs of Weld County, Colorado, and
WHEREAS, the Weld County Retirement Plan has heretofore
been created by Resolution of the Weld County Board of Retire-
ment, and the Board of County Commissioners of Weld County,
Colorado, and
WHEREAS, the actuaries for the aforesaid plan have recom-
mended an amendment which is believed to be in the best interest
of the present and future members of the plan, said amendment
to be effective January 1, 1978, and
WHEREAS, said amendment is believed to be non-discriminatory
and in conformance with Section 401 (a) and other applicable
portions of the Internal Revenue Code of 1954, as amended.
NOW, THEREFORE, BE IT RESOLVED by the Board of County Com-
missioners of Weld County, Colorado, that the Weld County Retire-
ment Plan be, and hereby is amended to reflect the amendment
contained in the Resolution of the Weld County Board of Retire-
ment which Resolution was passed on December 15, 1977 by action
of the Weld County Board of Retirement, a copy of said Resolu-
tion setting out said amendment is attached hereto and incor-
porated herein by reference.
The above and foregoing Resolution was, on motion duly made
and seconded, adopted by the following vote on the 19th day of
December, A.D. , 1977.
ATTEST: -'2- -�"di BOARD OF COUNTY COMMISSIONERS
LD COUNTY, COLORA 0
Weld County Clerk and Recorder
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Deputy
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70496
- Date Presented: January 4, 1978
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RESOLUTION OF THE WELD COUNTY BOARD OF RETIREMENT
AMENDING THE WELD COUNTY RETIREMENT PLAN
WHEREAS, the Weld County Retirement Plan has heretofore been created by
Resolution of the Weld County Board of Retirement, and
WHEREAS, the employees of the.Council of Governments by action of their
Board of Directors, will no longer be permitted to participate in the Plan, and
WHEREAS, all said amendments are believed to be non-discriminatory and in
conformance with Section 401(a) and other applicable provisions of the Internal
Revenue Code of 1954, as amended.
NOW, THEREFORE, BE IT RESOLVED that the Weld County Retirement Plan be and
hereby is amended as follows:
AMEND SECTION 2.1 (c) by adding the following at the end of the Section:
Effective January 1, 1978, employees of the Council of Governments
shall not be permitted to participate in this Plan. Each employee
of the Council of Governments who was a participant in the Plan
prior to January 1, 1978 shall be entitled to his vested benefit as
determined under Section 10, hereof.
The above foregoing resolution was submitted and duly approved by the
County Board of Retirement on the IS day ofc-^ "De_e_— . 1977.
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COUNTY BOARD OF RETIREMENT OF
WELD COUNTY, COLORADO
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