Ordinance 1083-84 - Laserfiche WebLink

• • • 1 ORDINANCE NO. 1 D 3 -c y 2 AN ORDINANCE providing for payment by the City of mandatory 3 employee contributions for all City employees belonging to the Public Employees' Retirement System or the Law Enforcement 4 Officers' and Fire Fighters' Retirement System. 5 6 WHEREAS, certain City of Everett employees are members of the mandatory 7 retirement systems codified in RCW 41.40 (Public Employees' Retirement System) and 8 RCW 41.26 (Law Enforcement Officers' and Fire Fighters' Retirement System), which 9 systems provide for mandatory contributions by the covered employees; and 10 WHEREAS, effective September 1, 1984, Substitute Senate Bill No. 4477 11 (Chapter 277, Laws of 1984, 48th Legislature, Regular Session) allows cities to elect to 12 pay these mandatory contributions on behalf of the employees in the manner provided 13 for therein; and 14 WHEREAS, it is in the best interest of the City that the provisions of Substitute 15 Senate Bill No. 4477 be implemented for employees of the City effective January 1, 16 1985. 17 NOW, THEREFORE, THE CITY OF EVERETT DOES ORDAIN: 18 Section 1: For compensation earned by employees on and after January 1, 19 1985, the City of Everett elects to implement the employer payment of all member 20 contributions without exception under RCW 41.26.080(1), 41.26.450, 41.40.330(1), and 21 41.40.650, as authorized by Section 3 and in accordance with the provisions of 22 Sections 1 and 2 of Substitute Senate Bill No. 4477, Chapter 277, Laws of 1984, 48th 23 Legislature of the State of Washington, Regular Session. 24 Section 2: For purpose of Section 1 of this Ordinance and Sections 1, 2, and 3 25 of Substitute Senate Bill No. 4477, Chapter 277, Laws of 1984, 48th Legislature of the 26 State of Washington, Regular Session, the City Council hereby specifies that the 27 mandatory contributions under RCW 41.26.080(1), 41.26.450, 41.40.330(1), and 28 41.40.650, based on compensation earned from and after January 1, 1985, although 29 designated in those Sections of the Revised Code of Washington as employee contribu- 30 tions, shall be paid by the City of Everett in lieu of contributions by the employee; and 31 that such payments shall be designated as employer contributions for purposes of 32 federal income taxation of the affected employees. The City Council further specifies