|
CONSENT
AGENDA REQUEST |
|
Sponsor: |
Board of Supervisors
Meeting Date: |
|
Chester W. Stribling, Lee
District Supervisor |
September 13, 2007 |
|
Staff Lead: |
Department:
|
|
Catherine M. Heritage,
Assistant County Administrator |
County Administration |
|
Topic: |
|
A
Resolution Approving an Increase in the LEOS Retirement
Benefit Multiplier for Officers of the Northwestern Regional
Jail Authority |
|
Topic Description: |
|
The Board of the
Northwestern Regional Jail Authority has voted to increase
the Law Enforcement
Officer Retirement System (LEOS) retirement benefit
multiplier for its officers from l.70% of average final
compensation to 1.85% in accordance with enabling
legislation enacted by the Virginia General Assembly. This
action requires approval by the Governing Bodies of each of
the localities participating in the Regional Jail Authority. |
|
Requested Action of the
Board of Supervisors:
|
|
Consider adoption of the attached
resolution. |
|
Financial Impacts Analysis: |
|
The
increase in the multiplier will be paid from the Jail’s
existing fund balance in FY 2008. |
|
Identify any other
Departments, Organizations or Individuals that would be
affected by this request: |
|
Northwestern Regional Jail Authority |