HomeMy WebLinkAbout2022 Resolution No. 029a1
RESOLUTION NO. 29a
SERIES OF 2022
A RESOLUTION AMENDING THE CITY OF ENGLEWOOD’S ICMA-RC
MONEY PURCHASE RETIREMENT PLAN FOR MANAGEMENT STAFF
(PLAN), NUMBER 108369.
WHEREAS, the City of Englewood has established the ICMA Retirement Corporation
(ICMA-RC) NonEmergency Employees Money Purchase Plan, Number 108369, which benefits
employees by providing funds for retirement and funds for their beneficiaries in the event of
death; and
WHEREAS, the Plan includes a five-year progressive vesting schedule with employees
being fully vested after five years of service;
WHEREAS, the City’s current vesting schedule is not competitive with surrounding
municipalities; and
WHEREAS, modifying the vesting schedule from the current progressive schedule to
full vesting at one year will place the City at a competitive advantage when recruiting and
retaining staff; and
WHEREAS, the passage of this resolution by the Englewood City Council authorizes the
amending of the City of Englewood’s ICMA-RC NonEmergency Employees Money Purchase
Retirement Plan, Number 108369 to provide for full vesting at one year of service.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF ENGLEWOOD, COLORADO, THAT:
Section 1. The City Council of the City of Englewood, Colorado hereby authorizes
amending the ICMA-RC Money Purchase Retirement Plan for Management Staff, Number 108369, to
provide for full vesting at one year of service as set forth in the attached hereto as Exhibit A.
Section 2. The Mayor, Mayor Pro Tem (in the Mayor’s absence), and/or City staff are
hereby granted the authority to take all actions necessary to implement the provisions of Section
1 above.
ADOPTED AND APPROVED this 6th day of September, 2022.
Othoniel Sierra, Mayor
DocuSign Envelope ID: E69A1728-2CFA-4089-BA3D-AC4A1D904446
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ATTEST:
Stephanie Carlile, City Clerk
I, Stephanie Carlile, City Clerk for the City of Englewood, Colorado, hereby certify the
above is a true copy of Resolution No. 29a, Series of 2022.
Stephanie Carlile
DocuSign Envelope ID: E69A1728-2CFA-4089-BA3D-AC4A1D904446