HomeMy WebLinkAboutResolutions - R-18-004 - 02/05/2018 - ALLOW CASHPAYMENT IN LIEW OF HEALTCARE BENEFITS RERESOLUTION R-18-004
RESOLUTION TO ALLOW CASH PAYMENTS IN LIEU OF OR RELATED TO
HEALTHCARE BENEFITS TO BE REPORTED AS
ILLINOIS MUNICIPAL RETIREMENT FUND EARNINGS
WHEREAS, standard member earnings reportable to the Illinois Municipal Retirement
Fund do not include the value of health insurance or cash payments in lieu of or related to
healthcare benefits; and
WHEREAS, the governing body of an IMRF participating unit of government may elect
to include in IMRF earnings cash payments in lieu of or related to healthcare benefits; and
WHEREAS, the Mayor and City Council of the City of McHenry are authorized to
include cash payments made separately from salary and made in lieu of or related to healthcare
benefits as earnings reportable to IMRF, and it is desirable that it do so.
NOW, THEREFORE, BE IT RESOLVED that the Mayor and City Council of the City
of McHenry does hereby elect to include as earnings reportable to IMRF cash payments made
separately from salary and made in lieu of or related to healthcare benefits effective on January
1, 2018.
BE IT FURTHER RESOLVED that a copy of the Resolution be filed with the Illinois
Municipal Retirement Fund.
Passed and adopted this 5"' day of February 2018.
Voting Aye: Condon, Devine, Mihevc, Curry, Scahefer, Glab, Santi
Voting Nay: None
Absent: None
Attest:
Deput Clef
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