HomeMy WebLinkAbout2000-12-11 01-60 ORDERItem No. 01-61)
Date: 12-11-00
Item/Subject ORDER, Withdrawing the City of Bangor as a Participating Local Diatria of the
Maine State Retirement System
Responsible Department: Executive
from future Maine State Retirement System participation. As the Council Is aware, this action has been
contemplated since the late 19604. Necessary consent from the City's twehre labor unions has been
negotiated as well as consent from the Support Staff Union in the Bangor School Department.
Additionally, language regarding withdrawal has been previously Included in the Cltys Personnel Rules
and Regulations for non-union employees. Regular full-time and part -done employees joining the City on
or after February 1, 2001 will participate in a qualified 901a defined contribution retirement pian
administered by the International C4 Management Association -Retirement Corporation (ICMA-RC).
Other part-time seasonal and temporary employees will participate in Social Security. All current
employees covered by MSRS will remain in that plan unless they volumadiy elect to withdrew and join the
new plan. The effective data of the withdrawal Is the last day of the month following adoption of the
Order, January 30, 2001. _ 2 1. , %
Department H
Manager's Comments:
��e .A.
City Manags
Finance Director
/ ' '
city Solicitor
Introduced for
Passage
3 First Reading & Referral to France Committee 12-18-00 Page _ of
Referral
01-60
AaogaWWCOWCilW Tremble December ll, 2000
n. CITY OF BANGOR
(TITLE.) ORDER, Withdrawing theCity B n r s a Participating
the Maine State Retirement System
by me Ory Com of ofthe Ory of&nxpr:
ORDERED,
WHEREAS, the City of Bangor is a Pardapating local DishiQ (PLD #20) In the Maine State
Retirement System (MSRS) as provided by Title 5, Section 18201, Maine Revised
Statutes Annotated; and
WHEREAS, the City Council has determined that It is in the best Interests of the Ory and R
employees W withdraw from MSRS; and
WHEREAS, it is the intent of the City of Bangor W withdraw from MSRS effective January 30,
2001, In aawdance with the pmvisons of MSRS, Title 5, Section 18203; and
WHEREAS, necessary and required consent from the OWs hvelve labor unions has been
obtained and appropriate language Is Included In the varbus colleceve
bargaining contracts betwxm the qty anti Its unions; and
WHEREAS, necessary language is included in the Otys Personnel Rules and Regulations for
nwn-union employees; and
WHEREAS, the Bangor Srhool Deperiment has rearhed agreement with the Support Staff
Union agreeing to withdraw; and
WHEREAS, the City of Bangor will be proWdIng the International City Management
Association -Retirement Corporation (]CMA -RC) Qla defined contribution plan as
it qualified retirement plan for all regular full-time and regular part-time
employees hired on or after February 1, 2001 and the CRY will be providing
Federal Social Security coverage for other part-time, seamnal and temporary
employees; and
WHEREAS, under wttftlrawal provisions all anent employees will have the choice to remain
with MSRS or join the new 401a defined cenMbudoo plan for regular full-time
and regular part-time employees or participate in Federal Social Security
coverage for part-time, seasonal or temporary employees;
NOW, THEREFORE, BE IT ORDERED, THAT: the City of Bangor, Participating Local District
#20, does hereby elect to withdraw from further participation in the Maine State
Retirement System, In accordance with the provisions of MI Title 5, Section
01-60
18203, m become effective on Me last day of the month folkvMng adoption of
this Order, and
BE IT FURTHER ORDERED, THAT. all employees hired on or after February 1, 20DI shall
participate in a defined contribution retirement plan, qualified under Section
901(a) of the Internal Ravens Code of 1986, as amended, or Federal Social
Severity, depending upon Meir classification and number of hours worked; and
BE it FURTHER ORDERED, THAT. the City of Manager or his designee Is authorized to execute
such documents and take such other related action as may be appropriate or
necessary to Implement this Order.
01-60
AMENDED
SDBsw= COPY
P Asei�do Cmmcilor
CITY OF BANGOR
(TITLE.) ORDER, Withdrawing f
the Mane State Retirement System
By fire cifyC"aw of Me Ory Ofamigw:
ORDERED,
WHEREAS, the City of Bangor Is a Participating Local District (PLD #20) in the Maine State
Retirement System (MSRS) as provided by Tide 5, Section 18201, Maine Revised
$folates Annotated; and
WHEREAS, the City Council has determined Mat It is in the best Interests of the City and Its
employees W withdraw from MSRS; and
WHEREAS, It is the Intent of the CM of Bangor to withdraw from MSRS effective March 31,
2001, in accordance with the provisions of MSRS, Title 5, Section 18203; and
WHEREAS, necessary and required consent from the CIVs eleven labor unions has been
obtained and appropriate language is Included in the various collective
bargaining contracts between the City and its unions; and
WHEREAS, necessary, language is included in Me City's Personnel Rules and Regulations for
non-union employees; and
WHEREAS, the Bangor School Department has reached agreement with the Support Staff
Union agreeing to withdraw; and
WHEREAS, the City of Bangor will be providing the 1memational Ery Management
Assoclation-Retirement Corporation (ICMA-RC) 401a defined contribution pan as
Its qualified retirement plan for all regular full-time and regular part-time
employees hired on or after April 1, 20D1 and the City will be providing Federal
Social Security coverage for other part-time, seasonal and temporary employees;
and
WHEREAS, under wRhdrawal provisions all current employees will have the choice to remain
with MSRS or join the new Qla defined contribution plan far regular full-time
and regular pmt -time employees or participate In Federal Social Security
coverage for part -Bore, seasonal or temporary employees;
NOW, THEREFORE, BE R ORDERED, THAT: the City of Bangor, Participating Local District
#20, does hereby elect to withdraw from further participation in the Maine State
Retirement System, in accordance with the provisions of MSRS, Title 5, Section
01-60
AMNUDYO
SIBSTITPfC COPY
18203, to become effective on the last day of the month following adaption of
this Order; and
BE IT FURTHER ORDERED, THAT: all employer hired on on after April 1, 2001 shall par ddipate
in a defined contrfl u ion retirement plan, qualified under Section 901(a) of the
Internal Revenue Cade of 1986, as amended, or Federal Social Security,
depending upon their classification and number of hours worked; and
BE IT FURTHER ORDERED, THAT: the City of Manager or his designee is authorized to execute
such documents and take such other related action as may be appropriate or
necessary to Implement this Order.
IN CITY MMCIL
December 11, 2000
First gosling
Referred to P3omce
Comirtee
is 6
C CcH
February 12. 201
Notion for Passage Made and
Seconded
Notice to Amend by Substitution
Made and Seconded
Motion to Pass As Amended by
Substitution Made and
Seconded
Pureed As Amended by
Substitution
r�
TY 1�
0AD➢e
(TITLE,) Nitusranimm the City of Former a
a
Participating Local District of the Maine
State getiremert System
Minimal to Councilor L.ul ass