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21200 COUNTY-Crry 27 W.JEFFE1 oNN BOu[mvmw O�$pU 1 1� F1AXN�574/235-7670 <br /> SOUTH BEND,INDIANA 46601-1830 x TTY 574/235-5567 <br /> x � <br /> 1866 <br /> CITY OF SOUTH BEND Pr-'1T BU'1'17GIRG,MAYOR <br /> DEPARTMENT OF LAW <br /> STEPIIANIE STI ELE ALADEAN M.DEROSE <br /> CORPORATION COUNSM, Q-TY <br /> Filed in Clerk's Office <br /> Ma), 8,2018 ! <br /> Mr.Tim Scott,President MAY 09; 2018 <br /> South Bend Common Council L� .-___ _ <br /> 227 West Jefferson Blvd.,4`'Floor KAREEMAH FOWLER <br /> South Bend,IN 46601 CITY CLERK,SOUTH BEND,IN <br /> Re: Resolution Electing to Participate in the Public Employees'Retirement Fund's <br /> MyChoice:Retirement Savings Plan as Administered by the Indiana Public <br /> Retirement System <br /> Dear Council President Scott: <br /> Attached for filing with the South Bend Common Council is a Resolution electing to join <br /> the Public Employees' Retirement Fund's ("PERF'� MyChoice: Retirement Savings Plan as <br /> administered by the Indiana Public Retirement System (copy also attached). Passage of this <br /> Resolution will enable the City of South Bend to offer its employees hired after July 1, 2018 the <br /> option between enrolling in the currently offered "PERF Hybrid Plan" and the new "MyChoice: <br /> Retirement Savings Plan." <br /> The new MyChoice: Retirement Savings Plan would give the City more control over <br /> contribution rates while allowing participating employees to have a shorter vesting period and <br /> greater portability. Employees hired before July 1,2018 would remain enrolled in the PERF Hybrid <br /> Plan. <br /> Human Resources Director Kyra Clark and City Controller Jennifer Hockenhull will present <br /> this Resolution to the Council at its Committee and regular meeting. <br /> Thank you for your consideration. <br /> Sincerely, <br /> Danielle Campbell Weiss <br /> Assistant City Attorney <br /> cc: Kyra Clark,Director of Human Resources <br /> Jennifer Hockenhull,City Controller <br /> FI.LIOT A.ANDERSON ASHLEY MILLS COLBORN SANDRA KENNEDY <br /> CLARA MCDANIELS THOMAS E.PANOWICZ DANIELLE CAMPBELL WEISS <br />