(A) The Village Board has reviewed information relating to providing IMRF pensions for the employees of the village. IMRF staff have provided the village with information related to the expenditures necessary to be made by the village, and information on the employee contributions which will be required.
(B) The Board believes that providing IMRF pensions to village employees is in the long-term best interests of the village. Current village employees will be provided an incentive to stay with the village, providing the fine services to residents as they have in the past, and when it is necessary to replace an employee, the village will attract a more qualified pool of applicants because of the pension system
(C) On or before December 1, 2020, the President and Treasurer are authorized to execute all documents necessary to allow for village participation in IMRF and thereafter to make all contributions to IMRF as may be required by IMRF for participation of village employees in the Fund, and the Treasurer is also authorized to make deductions from employees payroll to be forwarded to IMRF. The officers of the village are authorized to execute all documents necessary to accomplish this goal and are authorized to take all other measures to accomplish this goal.
(Ord. 20-11-01, passed 11-24-2020)