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A special meeting of the Village Board of Trustees was held on Aug. 14, 1978 <br />at ?:30 P.M. in the Americam Legion Hallo <br /> <br />Presentl Mayor Synnett, Tr. Schinella, Tr. Dolan, Tr. DiGregorio, <br />Lawrence & Atty. Lyons, <br /> <br />RESOLUTION PROVIDING AN 8% INCRKASE IN TAKE HOME PAY FOR EMPLOYEESB~ <br />REDUCING RETIRE~NT CONTRIBUTIONS <br /> <br /> At a meeting of the Board of Trustees of the Village of Wappingers <br />Falls~ State of New York, held at the American Legion Hall~ Wappin~ers <br />Walls, New York, on August 14, 1978, Tr. Schinella offered the follow- <br />ing resolution, seconded by Tr. Lawrence: <br /> <br /> BE IT RESOLVED: that the Board of Trustees of the Village of <br />Wappingers Falls, N.Y. does hereby elect to come under the provisions <br />of Sec. 370-a of Article 8 of the Retirement and Social Security <br />Law, in relation to authorizin9 the provision of added pensions- <br />providing-for-increased-take-home-pay and death benefits for officers <br />and employees of ~articipating employers in the New York State <br />Policemen's and Firemen's Retirement S~stem, as presently or hereafter <br />amended; and <br /> <br /> BE IT FURTHER R~SOLVED: that the pereentum of the member's compensat- <br />ion by which contributions shall be reduced, shall be EIGHT percentum~ <br />and the effective date shall be the payroll beginning on the 18th day <br />of August, 1978. <br /> <br />Resolution adopted. <br /> <br /> <br />