HomeMy WebLinkAbout1991-12-26 - Resolution No. 91-32a RESOLUTION NO. 91-32 is
RESOLUTION OF THE BOARD OF DIRECTORS
OF THE YORBA LINDA WATER DISTRICT
IMPLEMENTING RETIREMENT SYSTEMS FOR ALL EMPLOYEES
AND RESCINDING RESOLUTION 91-31
WHEREAS, it is the intent of the Yorba Linda Water District (District) that all full-time, part-time,
seasonal and temporary employees, and elected officials shall be covered by a
qualifying retirement system; and,
WHEREAS, the District is a contract member of the State of California's Public Employees
Retirement System (PERS); and,
WHEREAS, in November 1990 the Omnibus Budget Reconciliation Act (OBRA) was signed into
law by the President of the Unites States; and
WHEREAS, pursuant to OBRA guidelines, adopted by the Internal Revenue Service, PERS is a
qualifying retirement system and can substitute for Social Security; and,
WHEREAS, OBRA requires that the District provide a qualifying retirement system to all
employees not currently eligible for membership in the PERS.
NOW THEREFORE BE IT RESOLVED that the Board of Directors of the Yorba Linda Water
District does hereby resolve, determine and order as follows:
Section 1: It is the policy of the District that all full-time, part-rime, seasonal and temporary
employees, and elected officials shall be covered by a qualifying retirement
system.
Section 2: All elected officials shall be covered by either the Public Employees Retirement
System, a Deferred Compensation Plan and/or the Federal Social Security
retirement system.
Section 3: All employees not eligible for membership in the Public Employees Retirement
System shall be placed into the Federal Social Security retirement system.
Section 4: This policy shall take effect on January 1, 1992, for the benefit of employees
employed on that date and hired thereafter.
Section 5: Resolution 91-31 is hereby rescinded.
PASSED AND ADOPTED this 26th day of December 1991 by the following called vote:
AYES: 5 - M. Roy Knauft Jr., Paul Armstrong, Sterling Fox, Carl Scanlin
NOES: 0 and Arthur C. Korn
ABSENT. 0
ABSTAIN: 0 ,~~✓YZ~~-,"_/~«~.~Z
President U (7
Yorba Linda Water District
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