HomeMy WebLinkAbout18-85 - Res. Deferred Tax Liability PERS RESOLUTION NO. 18-85
DEFERRED TAX LIABILITY - PERS
WHEREAS , Washington State, through Substitute Senate Bill
No. 4477 , effective September 1 , 1984 , has provided for deferred
federal income tax liability on employees ' retirement contributions
under the PERS system, 41. 40 RCW; and,
WHEREAS, Mason County PERS employees by a majority advisory
vote have indicated their desire to enter such deferred tax
liability program; and,
WHEREAS , Section (4) (b) of Senate Bill 4477 requires
notification of implementation to the Director of Retirement Systems
at least forty-five days before implementation;
NOW, THEREFORE BE IT RESOLVED THAT, effective with the monthly
payment of April 30 , 1985, all Mason County employees under PERS,
41. 40 RCW, will participate in the deferred federal income tax
liability provisions of Senate Bill 4477; and,
THAT the Mason County Auditor shall make provisions as
necessary for such parti. ation of PERS employees; and,
THAT a copy of this Resolution be sent to the Washington State
Director of Retirement Systems as the required forty-five day
notification; and,
THAT the above provisions do not apply to Mason County
employees under the LEOFF systems of 41. 26 RCW®
DATED this 25th day of February, 1985.
BOARD OF COUNTY COMMISSIONERS
MASON COUNTY, WASHINGTON
r
Chairman
commissioner
ell
Commissioner
ATTEST:
Clerk of the Board
xc : Cmmrs
Treasurer
Accounting Dept (2)
Retirement Systems