To: Board of County Commissioners
Prepared By:
prepared
Ron Carl, County Attorney
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Subject:
title
Retirement Plans for the 18th Judicial District Attorney’s Office
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Purpose and Request:
recommended action
To seek adoption of a resolution regarding 401(a) and 457(b) retirement plans for employees of the 18th Judicial District Attorney’s Office.
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Background and Discussion: Pursuant to legislation adopted in 2020, the current 18th Judicial District is to split into two separate judicial districts in 2025. The 18th Judicial District will become a single-county judicial district comprised of Arapahoe County. The new 23rd Judicial District will be comprised of Elbert, Lincoln and Douglas Counties.
Once the split occurs the employees of the District Attorney’s Office that will be serving the single-county 18th Judicial District will receive their payroll and benefits from Arapahoe County rather than from the current multi-county district. The purpose of this resolution is to approve the establishment of and ratify/authorize the execution of necessary contracts and other documentation for a new 401(a) retirement plan being created for the benefit of current employees of the District Attorney’s Office who will continue to work for the 18th Judicial District after the split (“legacy employees”). This plan involves an 8% employee and employer contribution for the legacy employees. In addition, this resolution also approves and ratifies/authorizes the execution of documents allowing the DA’s Office to be a participating employer in the 401(a) retirement plan and the County’s existing 457(b) plan. Finally, the resolution also provides that the County will “pick up” the contributions to the 401(a) plan as required by the IRS.
Fiscal Impact: No significant financial impact is anticipated.
Alignment with Strategic Plan:
☒Be fiscally sustainable
☒Provide essential and mandated service
☒Be community focused
Resolution: See attached.