A RESOLUTION APPROVING AN INCREASE IN THE LEOS RETIREMENT BENEFIT MULTIPLIER FOR OFFICERS OF THE NORTHWESTERN REGIONAL JAIL AUTHORITY
WHEREAS, the 1999 Virginia General Assembly enacted legislation allowing the officers of regional jails to participate in the Law Enforcement Officer Retirement System (LEOS) of benefits available to State police officers, State correctional officers and Sheriffs’ deputies, in those jurisdictions that have chosen to participate in the program; and
WHEREAS, in 2004, the Clarke-Fauquier-Frederick-Winchester Regional Jail Board and the Governing Bodies of the participating political subdivisions legally adopted and approved by resolution the provision of LEOS benefits to Regional Jail correctional officers; and
WHEREAS, in 2007, the Virginia General Assembly increased the retirement allowance multiplier from 1.70% of the average final compensation to 1.85% for retirements on or after July 1, 2007; and
WHEREAS, Code of Virginia Section 51.1-138 requires approval from the Regional Jail Authority and the Governing Bodies of the participating political subdivisions in order to implement the increase; now, therefore, be it
RESOLVED by the Fauquier County Board of Supervisors this 13th day of September 2007, That Fauquier County does hereby authorize the increased retirement allowance multiplier in the LEOS benefit for Regional Jail officers, as provided in Code of Virginia Section 51.1-138.