HomeMy WebLinkAbout952682.tiffCERTIFICATE
Weld County
We, the members of the Retirement Board for the County of Weld, State of
Colorado, do hereby certify that a true and correct copy of Amendment No. One to the
Weld County Retirement Plan (As Amended and Restated Effective January , 1994) was
adopt Resolution of the Weld County Board of Retirement on the Z day of
19f(
WHEREOF, we have reunto affixed our names this 'ay of
19t
WELD TI' BOARD OF RETIREMENT
WITNESS:
982682
Orr,evi_
RESOLUTION OF THE
WELD COUNTY BOARD OF RETIREMENT
WHEREAS, the Weld County Retirement Plan (the "Plan") has heretofore been
created by Resolution of the Weld County Board of Retirement hereafter referred to as
the "Retirement Board"; and
WHEREAS, the following amendment is believed to be nondiscriminatory and in
conformity with provisions of Section 401(a) and other applicable provisions of the
Internal Revenue Code of 1986, as amended from time to time; and
WHEREAS, the Plan has previously been amended and restated by action of the
Retirement Board, effective January 1, 1994; and
WHEREAS, Section 14.2 permits the Retirement Board and the County
Commissioners to amend the Plan from time to time, and this amendment is hereby
designated Amendment No. One to the amended and restated Plan.
NOW, THEREFORE, BE IT RESOLVED AS FOLLOWS:
(1) That the Plan be amended effective January 1, 1995.
(2) Amendment No. One to the Weld County Retirement Plan, copies of which
have been presented to the Retirement Board at this meeting, be and it hereby is
approved and adopted effective as of January 1, 1995.
(3) The Retirement Board be and they hereby are authorized to execute
forthwith Amendment No. One to the Weld County Retirement Plan (As Amended and
Restated Effective January 1, 1994) and to do all other acts and things necessary and
proper to keep the Plan and its Retirement Fund in full force and effect and to make
such amendments and changes, if any, as may be necessary to maintain the qualification
of the Plan and Retirement Fund under the applicable sections of the Internal Revenue
Code of 1986, as amended from time to time.
The foregoing resolution as submitted by the County d of Retirement was duly
approved by the following vote on the Z day of 19C
WITNESS: D OF„RETIREMENT
WE6PDTTO.DWD
-2-
AMENDMENT NO ONE TO THE
WELD COUNTY RETIREMENT PLAN
(AS AMENDED AND RESTATED EFFECTIVE JANUARY 1, 1994)
Pursuant to the authority of the Weld County Board of Retirement and the
provisions of Section 14.2 of the Plan, the Weld County Retirement Plan (As Amended and
Restated Effective January 1, 1994) (the "Plan") is hereby amended, effective January 1,
1995 as follows:
1. Section 6.2(c) is restated to read as follows:
"(c) Rule of 75 Early Retirement: A Member shall be eligible for the Rule of
75 Early Retirement as of the first day of any calendar month if his employment
terminates after he has attained the age of 55 and the sum of his age plus his
Credited Service at termination equals 75 or more."
2. Section 7.1 is restated to read as follows:
"Normal or Delayed Retirement. Upon retirement at or after his Normal
Retirement Date, each Retired Member shall receive a monthly Retirement Benefit
for ten years certain and life thereafter, equal to 2.5% of the Member's Final
Average Monthly Compensation multiplied by the total number of years of the
Member's Credited Service (including fractional years). However, such Normal
Pension shall not be more than 75% of the Member's Average Monthly
Compensation during the 12 highest -paid consecutive calendar months of Credited
Service within the last 120 months of Credited Service, or less than $25 multiplied by
the Member's Credited Service."
3. Section 7.2(c) is restated to read as follows:
"(c) Rule of 75 Early Retirement: A Member who meets the requirements
for a Rule of 75 Early Retirement Pension shall receive a monthly amount computed
as for a Normal Pension considering his Credited Service to the date of his actual
Retirement, payable without reduction for early commencement with payments to
commence as of his Rule of 75 Early Retirement Date."
WE6PDT70. DWD
-1-
The foregoing resolution as submitted byte County yd1 of Retirement was duly
approved by the following vote on the &,Yday of
ESS:
)111
, 19C
WE6PDT70.DWD
-2-
Hello