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NORTH CAROLINA LOCAL GOVERNMENTAL EMPLOTM RETIREMENT SYSTEM DEPARTMENT OF STATE TREASUI:LEI~ RALEIGH ~76iI RESOLUTION TO ELECT A TAX SHELTER OF EMPLOYEES' CONTRIBUTIONS PAYABLE AS MEMBERS OF THE NORTH CAROLINA LOCAL GOVERNMENTAL EMPLOYEES' RETIREMENT SYSTEM WHEREAS, the 1981 Session (1982 Regular Sex, ion) of the North Carolina General Assembly, by a duly ratified bill effective July 1, 1989~, enacted North Carolina General Statute 1~8-30(bl), a copy o[ which is attached hereto, which under the conditions specified therein permits an employer participating in thc North Carolina Local Governmental Employees' Retirement System to tax shelter the contributions payable to this System by its employees who are members of this System; and, WIIEREAS, this employer is an employer participating in the North Carolina Local Governmental Employees' Retirement System with respect to its eligible employees; and, WHEREAS, this employer deems it desirable to tax shelter the contributions payable by its employees as members of the North Carolina Local Governmental Employees' Retirement System. NOW, THEREFORE, BE IT RESOLVED BY THE {Name of Governing B-ody) in regular ~ession, that as of ,19.__ the {D ate: of Election) (Name of EmployerI elects pursuant to the provisions o[ North Carolina General Statute 1~8-30(bl) to pick up and pay to the North Carolina Local Governmental Employe~' Retirement System the contributiSns which would be other~vise payable to this System by its employees who are members of this System and to treat in all respects such contributions in the manner spocified in said North Carolina General Statute 128-30(b1). Upon motion of and seconded by the above resolution was introduced and adopted. The number voting in the affirmative was and the number voting iii the negative was