2015-04-01 VRSContributionVitto tbauia Couutp JBoarb of Ouperbiarg;
RESOLUTION
2015 -04 -01
Member Contributions by Salary Reduction for Counties, Cities, Towns, and Other
Political Subdivisions
(In accordance with Chapter 822 of the 2012 Acts of Assembly (SB497))
WHEREAS, the Board of Supervisors of Pittsylvania County 55171 employees who are
Virginia Retirement System members who commence or recommence employment on or after July
1, 2012, shall be required to contribute five percent of their creditable compensation by salary
reduction pursuant to Internal Revenue Code § 414(h) on a pre -tax basis upon commencing or
recommencing employment; and
WHEREAS, the Board of Supervisors of Pittsylvania County employees who are Virginia
Retirement System members and in service on June 30, 2012, shall be required to contribute five
percent of their creditable compensation by salary reduction pursuant to Internal Revenue Code §
414(h) on a pre -tax basis no later than July 1, 2016; and
WHEREAS, such employees in service on June 30, 2012, shall contribute a minimum of an
additional one percent of their creditable compensation beginning on each July 1 of 2012, 2013,
2014, 2015, and 2016, or until the employees' contributions equal five percent of creditable
compensation; and
WHEREAS, the Board of Supervisors of Pittsylvania County may elect to require such
employees in service on June 30, 2012, to contribute more than an additional one percent each year,
in whole percentages, until the employees' contributions equal five percent of creditable
compensation; and
WHEREAS, the second enactment clause of Chapter 822 of the 2012 Acts of Assembly
(SB497) requires an increase in total creditable compensation, effective July 1, 2015, to each such
employee in service on June 30, 2015, to offset the cost of the member contributions, such increase
in total creditable compensation to be equal to the percentage increase of the member contribution
paid by such pursuant to this resolution. (For example, if the member contribution paid by the
employee increases from two to three percent pursuant to this resolution, the employee must receive
a one percent increase in creditable compensation.)
BE IT THEREFORE RESOLVED, that the Board of Supervisors of Pittsylvania County does
hereby certify to the Virginia Retirement System Board of Trustees that it shall effect the
implementation of the member contribution requirements of Chapter 822 of the 2012 Acts of
Assembly (SB497) according to the following schedule for the fiscal year beginning July 1, 2015:
PLAN 1
Percent
Employer Paid
Member Contribution
I %
Employee Paid
Member Contribution
4%
Total
5%
PLAN 2
Percent
Employer Paid
Member Contribution
I %
Employee Paid
Member Contribution
4%
Total
5%
(Note: Each column must add up to 5 percent.); and
BE IT FURTHER RESOLVED, that such contributions, although designated as member
contributions, are to be made by the Board of Supervisors of Pittsylvania County in lieu of member
contributions; and
BE IT FURTHER RESOLVED, that pick up member contributions shall be paid from the
same source of funds as used in paying the wages to affected employees; and
BE IT FURTHER RESOLVED, that member contributions made by the Board of
Supervisors of Pittsylvania County under the pick up arrangement shall be treated for all purposes
other than income taxation, including but not limited to VRS benefits, in the same manner and to the
same extent as member contributions made prior to the pick up arrangement; and
BE IT FURTHER RESOLVED, that nothing herein shall be construed so as to permit or
extend an option to VRS members to receive the pick up contributions made by the Board of
Supervisors of Pittsylvania County directly instead of having them paid to VRS; and
BE IT FURTHER RESOLVED, that notwithstanding any contractual or other provisions, the
wages of each member of VRS who is an employee of the Board of Supervisors of Pittsylvania
County shall be reduced by the amount of member contributions picked up by the Board of
Supervisors of Pittsylvania County on behalf of such employee pursuant to the foregoing resolutions;
and
BE IT FURTHER RESOLVED, that no salary increases provided solely to offset the cost of
required member contributions to the Virginia Retirement System under § 51.1 -144 of the Code of
Virginia will be used to certify that any salary increases required by the Appropriation Act have been
provided.
NOW, THEREFORE, the officers are hereby authorized and directed in the name of the
Board of Supervisors of Pittsylvania County to carry out the provisions of this resolution, and said
officers are authorized and directed to pay over to the Treasurer of Virginia from time to time such
sums as are due to be paid by the Board of Supervisors of Pittsylvania County for this purpose.
Brenda H. Bowman, Chair
Pittsylvania County Board of Supervisors
CERTIFICATE
I, Clarence C. Monday, Clerk of the Board of Supervisors of Pittsylvania County, certify that
the foregoing is a true and correct copy of a resolution passed at a lawfully organized meeting of
the Board of Supervisors of Pittsylvania County held at the Edwin R. Shields Courthouse Complex
in Chatham, Virginia at 7 o'clock p.m. on Tuesday, April 21, 2015. Given under my hand and
seal of the Board of Supervisors of Pittsylvania County this 21" d y of April, 2015.
Clare C. Monday, Clerk
Pittsylvania County Board of upervisors