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� . <br /> RESOLUTION NO. R2000-148 � <br /> RESOLUTION AUTHORIZING REQUEST FOR AMORTIZATION <br /> - ILLINOIS MUNICIPAL RETIREMENT FUND - <br /> WHEREAS, on August 18, 1997, the City Council of the City of Decatur, Illinois adopted <br /> Resolution No. R97-120 which established an early retirement incentive (incentive) through the Illinois <br /> Municipal Retirement Fund for its employees; and, <br /> WHEREAS, Section 7-141.1 of the Illinois Pension Code provides that a participating employer <br /> may select an amortization period for the actuarial costs of the incentive which may be no less than five <br /> (5) years and no greater than ten(10)years and, <br /> WHEREAS, the City of Decatur, Illinois is prohibited for adopting a subsequent incentive until <br /> the actuarial costs of the previous programs are paid. <br /> NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF <br /> DECATUR, ILLINOIS: <br /> Section 1. That the City of Decatur, Illinois does hereby request the Illinois Municipal <br /> Retirement Fund to amortize the cost of the incentive over a period of five(5)years. <br /> Section 2. That the City Clerk shall promptly file a certified copy of this Resolution with the <br /> Board of Trustees of the Illinois Municipal Retirement Fund. <br /> PRESENTED AND ADOPTED this 21 st day of August, 2000. <br /> TERRY M. HO Y <br /> OR <br /> ATTEST: <br /> / <br /> -����`-� � ���-� <br /> CITY CLERK <br />