Pursuant to § 40.20, Wis. Stats., the City of Burlington hereby
elects to include eligible City personnel under the provisions of the Wisconsin
Retirement System in accordance with the terms thereof.
Election is hereby made to provide prior service credits at rates equal
to two times the rates of municipality credits for current service, to be
applicable to employees as defined by § 40.22, Wis. Stats., who
are employed by the City of Burlington on the effective date of this chapter.
Upon the final enactment of this chapter, the City Clerk shall submit
a certified notice of the election made hereunder to the Board of Trustees
of the Wisconsin Retirement System. Such notice of election shall:
B. Indicate the date and results of such election.
C. Include a certification of the prior service contribution
rate selected as being applicable to the employees of the municipality.
D. Be officially certified by the Clerk of the municipality.
The effective date of participation shall be January 1, 1944, unless
the Board of Trustees of the Wisconsin Retirement System shall defer such
effective date pursuant to § 40.20, Wis. Stats.
This is a charter ordinance and shall take effect 60 days after its
passage and publication, unless within such 60 days a referendum petition
shall be filed as provided by § 66.0101, Wis. Stats., in which event
this chapter shall not take effect until submitted to a referendum and approved
by a majority of the electors voting thereon.
With respect to earnings paid on and after January 1, 1971, to participating
employees of the City, the City shall pay to the Wisconsin Retirement System
both the employee's contribution as well as the employer's contribution at
rates determined by the Wisconsin Retirement System for all classifications
of participating employees.