HomeMy WebLinkAboutRESOLUTION 1979-109~ ~
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CITY OF KENAI
RESOLUTION NO. 79-109
A RESOLUTION EXPRESSING TIiE WILL OF THE EMPLOYEES OF THE
CITY OF KENAI TO WITHDRAW FROM THE FEDERAL SOCIAL SECURZTY
SYSTEM.
WHEREAS, all of the employees of the City of Kenai are
presently covered under the Federal Social Security System,
and in addition, all of the said employees are covered either
under the Alaska Public Employees Retirement System or other
retirement programs or pension plans.
WHEREAS, this "double coverage," while beneficial, is increasing-
ly expensive in terms of pay-roll deductions and resulting
reductions in take-home pay, and
WHEREAS, a substantial nwaber of the employees of the City
of Kenai have indicated their desire to withdraw from the
Federal Social Security System, and
WSEREAS, applicable procedures of the Department of Health,
Education and Welfare, the parent agency, provide that the
first step necessary to effect such withdrawal is a resolution
from the governing body of the entity wishing to withdraw,
and
WSEREAS, withdrawal from the Federal Social Security System
cannot become effective until two (2) years after the request
to withdraw, and
WHEREAS, additional affirraative action by the affected
group of employees must be taken before withdrawal is con-
swnmated, but passage of this Resolution at this time as
a condition precedent to any further action would be proper.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF RENAI AS FOLLOWS:
That a substantial number of the employees of the City of
Kenai have expressed a wish to withdraw from the Federal
Social Security System, and in accordance with procedures
of the Department of Health, Education and Welfare in such
cases made and provided, notice is hereby given that it is
the will of the employees of the City of Kenai, Alaska, to
withdraw frora the Federal Social Security System.
BE IT FURTHER RESOLVED that a copy of this Resolution be
forwarded to the Director, Retirement and Benefits Branch,
State Retirement System, Pouch CR, Juneau, Alaska 99811.
PASSED this lst day of Auqust, 1979.
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ATTEST• /~ V ncent O' ReillyyD4 or
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Sue . Peter, C ty Clerk