RESOLUTION ELECTING TO INCLUDE CLERK/TREASURER
POSITION IN THE PUBLIC EMPLOYEES’ RETIREMENT FUND

WHEREAS, The Town of Millersburg, is the governing body of the Town of Millersburg in Elkhart County in the State of Indiana, and

WHEREAS, the actuary for the Public Employees’ Retirement Fund has furnished such governing body with certain cost estimates to become a participant in such Fund as established by the Acts of 1945, Chapter 340, and all Acts amendatory and supplemental thereto and

WHEREAS, such governing body is fully cognizant that the percentage of cost of gross annual payroll of covered employees has been set at 4.75__and $__-0-___ by the actuary of the Fund, and that at five year intervals, or more often if directed by the Board of Trustees of the Public Employees Retirement Fund, the actuary will review the status of the employees covered and shall adjust the cost percentage accordingly so that the FUND will remain on an actuarially sound basis, and

WHERAS, such governing body acknowledges its liability and that, pursuant to law, it and its successors in office, must appropriate sufficient funds each year to retire the employees’ prior service liability in an orderly manner and also fund the current cost accruing annually.

NOW THEREFORE, BE IT ORDAINED by the governing body of the
Town of Millersburg in Elkhart County, in the State of Indiana:

SECTION ONE: The Town Council of Town of Millersburg elects to enlarge its participation in the Public Employees’ Retirement Fund by including additional classes of employees as stated below in the coverage under Chapter 340 of the Acts of 1945, all Acts amendatory and supplemental thereto, This agreement supplements the original dated __July 1, 1986____.

SECTION TWO: The Town of Millersburg ______ agrees to make the required contributions under the Public Employees’ Retirement Fund Act, which is the Act of 1945, Chapter 340, and all Acts amendatory thereof and supplemental thereto, including specifically the Acts of 1955, Chapter 329, commonly designated as “The Indiana Public Employees’ Social Security Integration and Supplemental Retirement Benefit Act.”

SECTION THREE: The position Clerk/Treasurer is declared covered by the Fund.

SECTION FOUR: It is hereby declared that none of the classifications or positions specified in Section three are compensated on a fee basis or of an emergency nature, or in a part-time category.

SECTION FIVE: The active participating membership of the Town of Millersburg shall begin on July 1, 2001.

SECTION SIX: This Resolution shall be in full force and effect from date of passage and upon approval of the Board of Trustees of the Public Employees’ Retirement Fund of Indiana, except that active participating membership shall begin on the date set forth in Section Five.

Dated this 12th day of Feburary, 2001.