HomeMy WebLinkAboutbocc.res.020.1999 A RESOLUTION OF THE BOARD OF
COUNTY COMMISSIONERS OF PITKIN COUNTY, COLORADO,
APPROVING AN AMENDMENT TO THE
PITKIN COUNTY PUBLIC EMPLOYEES' RETIREMENT PLAN
Resolution# 99_-o
RECITALS
1. Pitkin County (hereinafter the "County") entered into and executed the Pitkin
County Public Employees' Retirement Plan(hereinafter the"Plan"), effective January 1, 1983.
2. Section 10.4 of the Plan provides in part as follows:
"At any time the County may amend this plan and trust by action of the Board with the approval of
the County Board of Commissioners . . ."
3. The County now desires to amend the Plan.
AMENDMENT
NOW THEREFORE BE IT RESOLVED by the Board of County Commissioners of Pitkin
County, Colorado,that the County does amend the Plan as follows:
1. Section 2.10 is amended to read in its entirety as follows:
"Normal Retirement Date" means the earlier of: (i) the date a Participant attains age 65,
provided, however, that for a Participant who becomes a Participant after attaining age 60,
"Normal Retirement Date" means the date such Participant has completed a five-year Period of
Service; or(ii) the date a Participant becomes 100% vested in his account pursuant to Section 5.2
[b].
2. Section 6.10 is amended to read in its entirety as follows:
RETIREMENT DATE: The Normal Retirement Date for each Participant shall be the earlier of
(i) the attainment of age sixty-five (65), provided, however, that the Normal Retirement Date for
each Participant who becomes a Participant at an age above sixty (60) years shall be the date
coinciding with the date that such Participant has completed a five-year Period of Service; or (ii)
the date a Participant becomes 100% vested in his account pursuant to Section 5.2 [b]. Any
Participant may retire on or after his Normal Retirement Date. The retirement of any Participant
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may be deferred, and during such deferment such Participant shall continue in full participation
in the Plan and Trust Fund.
3. Any inconsistent provision of the Plan shall be read consistent with this
amendment.
4. Except as amended above, the County hereby affirms and readopts each and every
other provision of the Plan.
5. The effective date of this amendment shall be January 1, 1997.
APPROVED AND ADOPTED ON THE 17TH DAY OF NOVEMBER, 1999.
PUBLISHED AFTER ADOPTION IN THE ASPEN TIMES ON THE 27TH
DAY OF NOVEMBER, 1999.
EST: BOARD OF COUNTY COMMISSIONERS
OF PITKIN COUNTY, COL O
B -
Je ette Jones Leslie J. Lamon erson
D uty Clerk&Rec der /
Date:��VFI I
APPROVED AS TO FORM: MANAGER APPROVAL:
Gtww e GV
John El S e S. Konch
C Attorney Cot Manager
IN WITNESS WHEREOF, the Pitkin County Public Employees' Retirement Board has
also executed this amendment.
PITKIN COUNTY PUBIC EMPLOYEES' RETIREMENT BOARD
Tom Oken, Chairman
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