Legislation # 14-0235 Enactment Number none
Type Resolution Effective Date none
Introduction Date 6/11/2014
Title Resolution Concerning City of Hampton Concurrence with School Division electing to pay the Virginia Retirement System Board-Certified Rate (in accordance with the 2014 Appropriation Act Item 468(H))
 
Legislation History 14-0235
DateNotice Of ActionDescription
6/11/2014 Approved - items 1 through 8 and 12 through 17 on the consent agenda.
5/23/2014 Received By Clerk's Office
 
View Attachments 14-0235
FileTypeSizeDescription
CERTIFICATE schools.docx Other 14K Certificate
Memo to Mary Bunting re city Council Resolution 5-23-14.pdf Memorandum 380K Memo
 
Legislation Text 14-0235

 

City of Hampton, Virginia

Resolution

22 Lincoln Street

Hampton, VA 23669

www.hampton.gov

 

File Number: 14-0235

 

Enactment Number: -

 

Resolution Concerning City of Hampton Concurrence with School Division electing to pay the Virginia Retirement System Board-Certified Rate (in accordance with the 2014 Appropriation Act Item 468(H))

 

RESOLUTION

BE IT RESOLVED, that the City of Hampton 55207 does hereby acknowledge that the Hampton City Schools has made the election for its contribution rate to be based on the employer contribution rates certified by the Virginia Retirement System Board of Trustees pursuant to Virginia Code 51.1-145(I) resulting from the June 30, 2013 actuarial value of assets and liabilities (the Certified Rate); and

 

BE IT ALSO RESOLVED, that the City of Hampton 55207 does hereby certify to the Virginia Retirement System Board of Trustees that it concurs with the election of the Hampton City Schools to pay the Certified Rate of 10.81%, as required by Item 468(H) of the 2014 Appropriation Act; and

 

NOW, THEREFORE, the officers of City of Hampton 55207 are hereby authorized and directed in the name of the City of Hampton to execute any required contract to carry out the provisions of this resolution. In execution of any such contract which may be required, the seal of the City of Hampton, as appropriate, shall be affixed and attested by the Clerk.

 

Adopted at the regular meeting of the City Council of the City of Hampton, Virginia held on June 11, 2014.

 

 

 

Signed by ____________________________ Date _________________

George E. Wallace, Mayor

 

 

 

 

Attested by ____________________________ Date _________________

Katherine K. Glass, CMC

Clerk of the Council