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• RESOLUTION <br />APPROVING TRANSFER OF EMPLOYEES TO RSWA AND <br />TRANSFERRING $171,500 IN RETIREMENT FUNDS <br />TO THE VIRGINIA SUPPLEMENTAL RETIREMENT SYSTEM. <br />WHEREAS, there are fourteen (14) City employees who work at <br />the Ivy Landfill who are being transferred to the Rivanna Solid <br />Waste Authority (RSWA) by mutual agreement of the City and RSWA; <br />and <br />WHEREAS, employees of the RSWA are members of the Virginia <br />Supplemental Retirement System (VSRS), and to effect the transfer <br />of these employees from the City retirement system to the VSRS <br />requires "buying" all of their back service, at a projected cost of <br />$171,500; and <br />WHEREAS, the Retirement Plan Commission met on January 9, <br />1991, discussed the issue, and recommended that $171,500 be <br />transferred to the VSRS on behalf of the fourteen employees; <br />now, therefore, <br />BE IT RESOLVED by the Council of the City of Charlottesville, <br />Virginia, that this Council concurs with the recommendation of the <br />Retirement Plan Commission and approves the transfer of $171,500 in <br />• retirement funds to the VSRS through the Rivanna Solid Waste <br />Authority. The City Treasurer is hereby directed to effect the <br />transfer of the funds in a manner designed to make certain that the <br />fourteen (14) employees involved get the proper credit for this <br />payment. <br />Approved by Council <br />January 22, 1991 <br />erk of City Council <br />91-6-5 <br />