2014-04-04 Virginia Retirement System PITTSYLVANIA COUNTY BOARD OF SUPERVISORS
RESOLUTION TO SET EMPLOYER CONTRIBUTION RATES FOR COUNTIES, CITIES, TOWNS,
SCHOOL DIVISIONS AND OTHER POLITICAL SUBDIVISIONS
(In accordance with the 2014 Appropriation Act Item 468(H))
Resolution 2014-04-04
BE IT RESOLVED,that Pittsylvania County 55171 does hereby acknowledge that its contribution rates
effective July 1, 2014 shall be based on the higher of a)the contribution rate in effect for FY 2014, or b)eighty
percent of the results of the June 30, 2013 actuarial valuation of assets and liabilities as approved by the
Virginia Retirement System Board of Trustees for the 2014-16 biennium(the "Alternate Rate")provided that, at
its option,the contribution rate may 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 Pittsylvania County 55171 does hereby certify to the Virginia
Retirement System Board of Trustees that it elects to pay the following contribution rate effective July 1, 2014:
(Check only one box)
The Certified Rate of 11.50% X The Alternate Rate of 9.20%; and
BE IT ALSO RESOLVED, that Pittsylvania County 55171 does hereby certify to the Virginia
Retirement System Board of Trustees that it has reviewed and understands the information provided by the
Virginia Retirement System outlining the potential future fiscal implications of any election made under the
provisions of this resolution; and
NOW, THEREFORE, the officers of Pittsylvania County 55171 are hereby authorized and directed in
the name of Pittsylvania County to carry out the provisions of this resolution, and said officers of Pittsylvania
County 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 Pittsylvania County for this propose.
Atis-L-1-dic-
esse L. Barksdale, Chairman
Pittsylvania County Board of Supervisors
CERTIFICATE
I, Otis S. Hawker , Clerk of the Pittsylvania County Board of Supervisors, certify that the foregoing
is a true and correct copy of a resolution passed at a lawfully organized meeting of the Pittsylvania County
Board of Supervisors held at Chatham, Virginia at 7 o'clock on April 22, 2014. Given under my hand and seal
of the Pittsylvania County Board of Supervisors this 22nd day of April, 2014.
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Otis S. Hawker, Clerk
1 Pittsylvania County Board of Supervisors