2008-09-22 W&S ExhibitsW~~ Exhibit
Book ~_ Page ~.Q_
NEW HANOVER COUNTY WATER & SEWER DISTRICT
RESOLUTION
To Amend Section 6.7 -Personnel of the Interlocal Agreement
between the City of Wilmington, New Hanover County, New Hanover County Water and
Sewer District and the Cape Fear Public Utility Authority
WHEREAS, the Cape Fear Public Utility Authority ("Authority") was organized under the
North Carolina Water and Sewer Authorities Act, N.C. Gen. Stat. § 162A, for the purpose of
providing water and sewer services to the residents of New Hanover County and the surrounding
region; and
WHEREAS, the New Hanover County Water & Sewer District is one of the organizing political
subdivisions of the Authority; and
WHEREAS, the Authority has proposed to amend the Interlocal Agreement by removing
Section 6.7(G), Post-retirement Health Care, in its entirety and replacing it with the following
("Amendment"):
(G) Post-retirement Health Care. City employees who have completed five
(5) years of continuous service with the City (combined with the
Authority), who are currently vested in the NCLGRS retirement plan and
who are identified in Exhibit M and employed by the Authority, shall
receive post-retirement health care benefits if they retire from Authority
employment into the North Carolina Retirement System from a trust
established to fund these benefits based on the actuarial calculation of
these benefits as defined and shown in the Actuarial valuation of the City
of Wilmington-Other Post Employment Benefits Study to be completed by
the Closing Date.
County employees identified in Exhibit M who are employed by the
Authority shall receive post-retirement health care benefits if they retire
from Authority employment into the North Carolina Retirement System
from a trust established to fund these benefits based on a County actuarial
calculation, as follows:
(1) An Employee with at least five years but less than fifteen years of
service will be allowed to continue insurance coverage and the
Employee shall pay 100% of the total cost for individual coverage;
(2) An Employee with at least fifteen years but less than twenty years
of service will be allowed to continue insurance coverage and the
Employee shall pay 75% of the total cost for individual coverage;
(3) An Employee with at least twenty years but less than twenty-five
years of service will be allowed to continue insurance coverage
and the Employee shall pay 50% of the total cost for individual
coverage;
(4) An Employee with at least twenty-five years but less than thirty
years of service will be allowed to continue insurance coverage
and the Employee shall pay 25% of the total cost for individual
coverage;
(5) An Employee with at least thirty years of service will pay the
prevailing payroll rate for individual insurance coverage.
WHEREAS, the New Hanover County Water & Sewer District desires to approve the
Amendment.
NOW, THEREFORE, BE IT HEREBY RESOLVED, that New Hanover County Water &
Sewer District hereby expressly approves the Amendment and authorizes the Chairman of the
District Board to execute said Amendment; and
BE IT FURTHER RESOLVED, that the Chairman of the New Hanover County Water &
Sewer Board's execution of the Amendment and any ancillary documents related thereto
constitutes conclusive evidence of the District's approval of the above Amendment.
ADOPTED this the 22°d day of September, 2008.
~~,\\Illuuui~~~~
',y•.O~
} i '.' S u~~ •~
~~ ~ .~ ~~
.;;.- - ~ ~; M-
?.~` ` ~ la?~ ; ~Q
~~
~'' ~ , h
'>N111i1111\\\
NEW NOVER COUNTY
W TER SEWER DISTRI T
William A. Kopp, Chairm
A TEST:
Sheila L. Schult, Jerk to the District Board