HomeMy WebLinkAbout1990-10 Opposing Federal Legislation Imposing Manditory Social Security and Mediccare Coverage for All Public EmployeesRESOLUTION NO. 10
Series of 1990
A RESOLUTION OPPOSING FEDERAL LEGISLATION IMPOSING MANDATORY
SOCIAL SECURITY AND MEDICARE COVERAGE FOR ALL PUBLIC EMPLOYEES.
WHEREAS, the Federal Government wishes to pass legislation imposing mandatory
Social Security far all public employees not currently covered by any qualified
pension plan and Medicare coverage for all public employees hired subsequent to the
effective date of the law; and
WHEREAS, such legislation would negatively impact the Town of Vail's budget in
the amount of $105,113.00; and
WHEREAS, the Town of Uail currently provides for the future of its employees
with a retirement plan significantly more effective than Social Security; and
WHEREAS, legislation which removes municipal employees from municipally funded
retirement plans and adds them to the Social Security system will increase the
problem of a shrinking workforce supporting an ever growing number of retirees; and
WHEREAS, the Social Security and Medicare systems were never established for
local governments and therefore, many cities such as the Town of Vail have
established their own pension plans; and
WHEREAS, the Town of Vail pension plan is extremely well accepted by Town of
Vail employees, is fully funded and has no unfunded liabilities.
NOW, THEREFORE, BE IT RESOLVED 8Y THE TOWN COUNCIL OF THE TOWN OF VAIL,
COLORADO:
The Town apposes legislation proposed by the current Administration which would
mandate Social Security and Medicare taxes on all public employers and employees.
INTRODUCED, READ, APPROVED AND ADOPTED this 3rd day of April 1990.
J V
Kent Rose, Mayor
ATTEST:
Pamela A. Brandmeyer, Town Clerk