Orange County NC Website
Amendment to Reinstate Article IV, Section 9.4 Supplemental Retirement <br />[401(k) Plan] Employee's Contribution <br />9.4 Supplemental Retirement r401(k) Plan] Contribution Effective <br />101/01/11 <br />9.4.1 Effective January 1, 2011 Orange County makes a <br />Supplemental Retirement [401(k) Plan] contribution of $27.50 per <br />pay period for each eligible employee for the remainder of the <br />fiscal year, and thereafter as Board of County Commissioners <br />provides in its' annual budget. <br />9.4.2 For this purpose, eligible employees are County employees both <br />full time and part time (regularly scheduled at least 20 hours each <br />workweek) appointed to permanent positions who are members of <br />the N. C. Local Government Employees' Retirement System and <br />who are not sworn law enforcement officers. See Section 9.5 for <br />additional retirement benefits for Law Enforcement Officers. <br />9.4.3 To participate an eligible employee completes the appropriate <br />enrollment form. <br />9.4.4 Coverage is effective with the date of appointment to the <br />permanent position and enrollment in the retirement system. <br />Contributions are suspended for any pay period in which the <br />employee is in leave without pay status for that pay period. At <br />termination, the County's 401(k) contribution ends. <br />Approved Orange County Board of Commissioners: <br />First Reading: September 21, 2010 <br />Second Reading: October 5, 2010 <br />