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003-07BOARD OF SUPERVISORS RESOLUTION WHEREAS, by resolution legally adopted and approved by the Board of Supervisors, the County of Frederick, a political subdivision, participates in the Virginia Retirement System under §5 ] .0- 130 of the Code of Virginia, as amended; and WHEREAS, by resolution or resolutions legally adopted and approved by the Board of Supervisors, the County of Frederick has elected to provide the enhanced benefits described in § 51.1 -138 subsection B to selected public safety employee groups, such benefits being referred to collectively as "Section 138 Coverage ", and WHEREAS, the Virginia General Assembly passed legislation effective July 1, 2007, allowing the County of Frederick to elect to provide for its employees with Section 138 Coverage a retirement al]owance equal to the amount of credible service multiplied by 1.85 percent of average final compensation as provided in clause (ii) in subsection A (1) of § 51.1 -206 (the "1.85 Multiplier "); and WHEREAS, the County of Frederick desires to make this irrevocable election and provide the 1.85 Multiplier to its employees that now have, or may in the future be given, Section 138 Coverage; NOW THEREFORE, BE IT RESOLVED that effective October 1, 2007, the County of Frederick elects to establish the 1.85 Multiplier for all employees who are now, or who may be in the future, provided Section 138 Coverage; and it is further _ RESOLVED, that the County of Frederick agrees to pay the employer cost for providing the l .85 Multiplier to all employees who are now, or who may be in the future, provided Section 138 Coverage, and it is further RESOLVED that the Frederick County Board of Supervisors and John R. Riley, Jr., Clerk, are authorized and directed in the name of the County of Frederick to execute any required contract to carry out this irrevocable election, and to do any other thing, or things, incident and necessary in the lawful conclusion of this matter. The Seal of the County of Frederick shall be affixed to any such contract and attested by the Clerk, and the Treasurer of the County of Frederick is authorized and directed to pay over to the Treasurer of Virginia from time to time such sums as may be required to be paid by the County of Frederick or its employees for this purpose. CERTIFICATE I, John R. Riley, Jr., Clerk of Frederick County, certify that the foregoing is a true and correct copy of the resolution passed at a lawfully organized meeting of the Frederick County Board of Supervisors held at 107 North Kent Street, Winchester, Virginia, at 7:15pm on July 25, 2007. Given under my hand and seal of the County of Frederick this 30'I' day of July, 2007. o R`Ril , Jt., Clerk oard of Supervisors Resolution No.: 003 -07 County of Frederick, Virginia _�pr �1�e� , I ��c�de �c�c� k _� ___ _. _ � - -. _ t ��v�lc� tl<<c� �1t.�i� �� ,��..� �cI ao `��5 c ��t`r t �.l` d4,�