HomeMy WebLinkAboutRESOLUTIONS-1992-056-R-927-20-92
56-R-92
A RESOLUTION
Compensation Paid Under an Internal
Revenue Code Section 125 Plan as IMRF Earnings
WHEREAS, standard member earnings reportable to the
Illinois Municipal Retirement Fund (IMRF) do not include
compensation paid under an Internal Revenue Code section 125 plan
or compensation directed into a premium conversion plan or
flexible spending account; and
WHEREAS, an IMRF participating unit of government may
elect to include an IMRF earnings compensation paid under an
I.R.C. section 125 plan or compensation directed into a premium
conversion plan or flexible spending account by action of the
governing body; and
• WHEREAS.,, the CityCouncil of the City of Evanston is
Y
authorized to include section 125 plafi and premium conversion and
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flexible spending account compensation as earnings reportable to
IMRF and it is desirable that it do so.
NOW, THEREFORE, BE IT RESOLVED THAT THE CITY COUNCIL OF
THE CITY OF EVANSTON, COOK COUNTY, ILLINOIS, does hereby elect to
include as earnings reportable to IMRF compensation paid under an
I.R.C. section 125 plan and/or compensation directed into a
premium conversion plan or flexible spending account effective
August 1, 1992.
BE IT FURTHER RESOLVED, that the Clerk is authorized
and directed to file a duly certified copy of this resolution
with the Illinois Municipal Retirement Fund.
•
.;. J 56-R-92
SECTION 1: This Resolution shall be in full force .
and effect from and after the date of
its passage and approval in the manner provided by law.
Mayor
ATTEST
City Clerk ,f f
Adopted : 7i' , 1992
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