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[ ! <br /> <br /> CONCORD, NORTH CAROLINA <br /> <br /> H E H 0 -' ' <br /> <br /> TO: Board of Commissioners <br /> FROH: Charles D. NcGinuis <br /> DATE: January 30~ 1986 <br /> <br /> Over a period of years the employees of Cabarrus County have made <br /> requests to repurchase retiremeut credits for previously voluntarily <br /> withdrawn retirement system benefits. Additionally, there have been <br /> requests from employees to purchase credit for military service in <br /> the retirement system. These provisions were optional provisions <br /> to the retirement system which had to be approved by the Board of <br /> County Commissioners by resolution at the time they established the <br />-- retirement system for local government employees. Cabarrus County <br /> at that time did not elect to adopt these resolutions and therefore <br /> no employee that had made such a request vas eliglble to buy back <br /> previously voluntarily ~ithdra~n retirement benefits and/or to <br /> purchase retirement credits for military service. <br /> <br /> I recommend to the County that the Board of County Commissioners <br /> adopt by resolution enclosed this aiditional benefit to employees <br /> in the Local Government Retirement System. <br /> <br /> <br />