Agenda - 06-21-1999 - 9a - Laserfiche WebLink

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29 Attachment 6D Draft Personnel Ordinance Revision Article IV, new 9.4, Supplemental Retirement [401(k) Plan] Contribution (Changes Marked in Bold Type) New Section 9.4 added to Existing Section 9.0 Retirement 9.4 Supplemental Retirement [401(k) Plan Contribution 9.4.1 Effective July 1, 1999 Orange County makes a Supplemental Retirement [401(k) Plan] contribution of $15 per pay period for each eligible employee. 9.4.2 For this purpose, eligible employees are County employees both full time and part time (regularly scheduled at least 20 hours each workweek) appointed to permanent positions who are members of the N. C. Local Government Employees' Retirement System and who are not sworn law enforcement officers. See Section 9.5 for additional retirement benefits for Law Enforcement Officers. 9.4.3 To participate an eligible employee completes the appropriate enrollment form. 9.4.4 Coverage is effective with the date of appointment to the permanent position and enrollment in the retirement system. Contributions are suspended for any pay period in which the employee is in leave without pay status for that pay period. At termination,the County's 401(k) contribution ends. To allow the above new Section to be included in the existing Section 9.0 "Retirement," the following updating and renumbering of existing sections 9.3 and 9.4 is included here. Delete the following Section 9.3 —Under the Age Discrimination in Employment Act,Orange County may not require a mandatory retirement age. 9.3 ' — Renumber the following Section 9.4 to be 9.3 with no other change: 9.33.4 Tax Sheltering of Retirement Contributions Effective July 1, 1982, Orange County elected a method of tax sheltering of member contributions to the North Carolina Local Government Employees