1-10-1: PARTICIPATION IN ILLINOIS MUNICIPAL RETIREMENT FUND:
The Village of Riverwoods, Lake County, Illinois, does hereby elect to participate in the Illinois Municipal Retirement Fund, effective January 1, 1981, and the Village Clerk is hereby directed to promptly file a certified copy of this Resolution with the Board of Trustees of the Illinois Municipal Retirement Fund. (Res. 80-9-15, 9-22-1980)
Employee contributions to the Illinois Municipal Retirement Fund shall be paid by the Village on behalf of all of the employees enrolled in the Fund, and the payment shall be made by reducing the amount of the gross earnings payable to employees by the amount of the contributions and making payment of this amount directly to the Fund. The payment of employee contributions provided shall be effective for all compensation paid to employees beginning with March 1982. (Res. 82-2-10, 2-15-1982)
The Board of Trustees of the Village does hereby elect to exclude from participation in the Illinois Municipal Retirement Fund all officials and employees in positions normally requiring performance of duty for less than one thousand (1,000) hours per year. This exclusion shall apply only to officials and employees who first occupy offices or positions under the Fund after adoption of this Resolution. (Res. 82-3-11, 3-15-1982)