HomeMy WebLinkAbout2002 Ordinance No. 041. '
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ORDI NANC E NO. !:i'!
SERIES OF 2002
BY AUTHORITY
COUNC IL BILL NO. 4 1
INTROD UC ED BY COUNCIL
MEMBER GARRETT
AN ORDI NANC E APPRO'.1NG "AMENDME NT NO. TW O TO CITY OF
ENGLEWOOD FIREFIGH ~'E RS PENSIO N PLAN (AS AMENDED AND RE STATED
EFFECTIVE JANU ,~R'! 1 , 1999)".
WHEREA S, the Git,v Co un cil o' the City of Englewood , Co lorado passed Ordinance
No . 46, Series of 19il9 adopting an a mend ed City of Engl ewood Firefighters Pensio n
Plan doc um ent; and
WH EREAS , the adoption of thi s Ordina nce does not sub stantially cha nge t he
cur re nt le ve l of pe nsion bene fi ts for the Firefi ghte rs Pension Plan participants ; and
WHEREAS , the Ordinance provides the Internal Revenue Service 's (IRS) r equired
changes to the Plan as s tated in the IRS Le tte r of Determination dated July 2, 2002 ;
NOW , THEREFORE, BE IT ORDAJNED BY THE CITY COUNCIL OF THE CITY OF
ENGLEWOOD , COLORADO , AS FOLLOWS:
~-The City Council of the Ci ty of Engl ewood , Co lorado, her eby authorizes
the adoption of "Am end ment No . Tw o to Ci ty of Englewood Firefighte rs Pension
Pl an (a, Am end ed a nd Res tated Effective January 1, 1999)". atta ched hereto a s
"Exhibit A".
~-The Mayor a nd the City Clerk ar e her eby a uthorize d to s ign a nd attest
s aid "Am endm ent No. Two to City of Englewood Firefig hter s Pen•ion Pl a n (as
Amended a nd Resta ted Effec ti ve J a nuary 1, 1999)", fo r a nd in beha lf of the City of
Englewood .
Introduced , •·s ad in fu ll , and passed on fi rs t reading on the 19th day of Augus t ,
20 02 .
Published as a Bill for a n Ordina nce on the 23rd day of Augus t, 2002 .
Read by ti tle a nd passed on fi nal reading on the 3rd day of September , 2002 .
Publi s hed by title •• Or dina nce No . lf/ Series
f,e pte ,11ber . 2002 .
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I, Loucrishia A. Ellis, City Clerk of the City of Englewood, Colorado, hereby
ce rtify that the above and foregoing is a true co py Qi/he Ordinance passed on final
reading and published by title as Ordinance No. 'ft s of 2002 .
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.\.\-IE '.'I DME>IT :-10 . T\V O
TO THE CITY OF ENGLEWOOD
FIREFIGHTERS PE:,.iSION PLA'.'i
(AS .\.\-IE'.'iDED .\'.'iD REST .\ TED
EFFECTIVE JA'.'il1.\RY l. l999 \
Pursuant m the auth ority oi the City or Eng lewood lnd :he pr ovi sion s oi Mtic!e .'<III.
Se ction l oi the City oi Englewood Firerighters Pension Plan I As .-I.mended l nd Rmated
Efiec:i ve Januar y I, 1999 ) (the "P!an ··i . the Plan is hereb lmended. e ffect1'-'e Januar :, ! .
200 l. except as otherwise noted , as follows :
l. .-1.rticle XI. is amended. effective Januar :1 l , ~00 I. by add ing l new subsect ion
e., to read as follows :
e. Compensation .
For limimtion years beginning on or airer January l. 200l. for purposes oi
applying the limit.1.tions seate d in Mticle XI of chis Plan , compensation paid or made l Vnilabk '
duriag ;uch limitatio n years shall include electi ve :unoums that are not-inc!udib le in the gr os s
inc ome ,if the employee by reason of Code § 13c(f)(-I ) .
IN WlT>iESS WHEREO F, and as conc!usi ·1 e e·:id ence ui :he adop tion o r the rore~oing
instrument compr isi ng Ameadment No . Two to the City of Englewood Firerighter s Pension
Plan ,:As .i.mended and Restated Effe-crivc January I. 1999), the Employer has causec its se:il
to be ~ffixed he re :o and these presents to be dul y executed in its n:ime and behalf by its ,roocr ___ _
1Jf:1..:::s thc:r~umu J.uth0r i:ed this _ Ja;-of ___ , :co:.
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COUNC IL COMMUNICATION
Date Agenda Item Subject
August 19, 2002 10 a ii Ordinan ce adopting am endments
to th e Ci ty of Engl ewood
Fir efi ghters Pension Pl an
D ocum ent (lh e Pl an )
Init iated By I Staff Source
City of Englewood, Fin ar.ce and Administrative Frank G ryg lewicz, Direc tor
Servi ce s D eoartmenl
COUNCIL GOAL AND PREVIOUS COUNCIL ACTION
Th e City Coun cil passe d Ordinance 46, Series of 1999, adopting an am ended City of En glewoo d
Firefighters Pensi on Pl an docum ent
RECOMMENDED ACTION
Sia 'f rec ommends th e City Council approve the allached bill fo r an ordin ance .
BACKGROUND, ANALYS IS, AN D ALTERN ATIVE S IDENTIFIED
Th is ordinance does n o l su bs tantia ll y chan ge the current leve l of p ension b ene fits fo r th e Firefi ghters
Pen sio n Plan p arlicipa nls. Th e orrlinance adds th e Intern al Revenu e Servi ce's (IRS ) required chan ges 10 th e
Plan as stated in th e IRS Letter of D etermin ati on.
Th e Plan document is am end ed to co mply with fedei
FINANCIAL IMP ACT
N o ne.
LIST Of ATTAC HMENTS
Go rsu ch Ki rgis lett er
IRS let•er
Pr op osed ordin ance
1ui re ments .
GORJUCH KlR.GlS LLP
ATTOa.,,,1vs AT L\w
Town. I. Su In 1000 I 1515 AkA~AHOt Sn.ur I ou,1vo., C0L0 uoo 80202 I TmPHONE (J OJl 376·5000 I FACUMILl (JOJl 376·500 1
TIMOTHY J. PARSONS Otucr D I AL (303) 376·5011
email : 1parso nssgonuch .:om
May 29, 2002
BY FAX & U.S . MAIL
Mr. John Santore
In ternal Revenue Service
TE /GE Division
2 Cupania Circ le
Monterey Park , CA 91755
Attn : J . Santore; Group EP 7685
RECEIVED
:JS"T. OF FlNANC;
9!~~:'1/00!l
Re : City of Englewood Firelighters Pensio n Plan
Pl a n Number 003
Dear Mr. Santore :
As requested by your faxed memo of May 13 , 2002, we have enclosed a
copy of proposed Amendment No. Two to the City of Englewood Firelighters
Pension Plan.
If, on the b asis of the proposed Amendment, the I.RS. issues a favorable
determination le tter on the qualified status of the Pe nzion Plan, the plan
sponsor will promptly a dnpt the proposerl Amendment .
TJP ·,s·166l \411S77.01
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~ Mr. ,John Santor e
May 29, 2002
Page 2
Should yo u have a ny questions on these matters, pl ease cor.tact this
office .
Enclosure
Very truly yo urs ,
GORSUC H K!RGIS LL?
~~,(P~
Timothy J . Parso n s
cc (w/1mc l.): Ms . Ca rol Wescoat
TJP:nj
TJP \57661 \41157 7 .0 1
Retirement Administra:or
City o f Englewood
1000 Englewood Parkway
Englewoo d , CO 80110
DITERNAL REVENUE SERVICE
P. 0. BOX 25 0 8
CHTCI NNAT I , OH 45 201
Date:JUl 9 l !IIZ
CITY O F ENGLEWOOD
1 00 0 ENG LEWOO D PKY
ENGLEWOO D, CO 80110
Dear Applicant:
Rtct\\J t.U
\I l l
0 1,1;1;:
DEPARTMENT OF THE T REASURY
. f fltl •'"C.l
l)l?'. ~Ll'il l)O\l
l~ Emp loyer I dentifi.ca t ion
84-0 6 8030 :i
Numbe r :
DLN :
1 7 00702900 1 0 4 2
Person to Conc acc :
J OHN SANTORE
Contact Telephone Numb~r:
(0 1 1 ) 029-s .;oo
Pl an Name :
!Oii 95 0 2 0
CITY OF ENGLEWOOD FIREFIGHTERS
PENS ION P LAN
Plan Number: 00 3
We have made a favorable determination on the plan i dentified above ba'3ed
on the information you have supplied . Pl ease k eep this letter, the application
forms submitted to request t.his letter and a l l correspon dence with the I n t.ernal
Revenue Service regarding your application for a determina t ion letter in your
permanent records . You must retain this information to preserve your reliance
on this letter.
Continued qualif i cation o:: the plan under i t s present form wi ll depend
on its effect in operation . See section 1 401-l (b ) (3 ) of the Income Tax
Regula tions . We will rev:.ew the status of •:he plan in ope rat i o n periodically.
The e nclosed Public.? tion 794 explains the signi!icance and the scope of
this favorable determinat i on letter based on the determination requests
selected on your applicat.:.on forms. Publication 794 de s cribes the informa cion
that must be re t ained to have reliance on this favorable d3ter mina t i on letc er.
The publication also pr1Jvide e xamp les of th~ ~ffect of a plan 's o p erat ion on
its qual i fied s tatu s and discus s es the r eporting r equireme n ts Lor qualified
plans . Please read Pu.blica.tion 79-il.
This letter relates only to the status of your :;:l an unde r the !nt:ernal
Re v enue Code. It l.S not a determination regard1:ig t!"le effect of other fede r al
or local s t atutes.
This determina tion is subject t:i y our adoption of the pr o p osed ;;,m e ndm e nts
submitt e d in your ietter dated 05 /29 /02. The propos e d amendments
should be adopted on o r before thu date pt·escribed by the regulat.1.ons unde::-
Code section 401 (b l .
Th:.s dec.ermina::.:ion letter is applicable for the amenrlrr.,mt (s ) executed
o n 0 5 /0 1 /00.
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Thi.o let:er ccnsiders the c hanges i n qual !.!:.cat:.on :-equi rem1.·mts made by •
the Uruguay ilou.."'1.d Agreeme nts Act, Pub . L . 103 -465 , the Small Busit:ess Job
Protect ion .~:t of :996 , Pub. t.. 104-188 , the tJni:'ormed Services EmFloyment
a n d :ieemp l oyme n t R:.ghts Ac t o f :99 4 , Pu b . :.. 1 0 3-]5 3 the Taxpay er ~el !.ef Act
Le tte r B3 S (DO /CG )
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CITY OF ENGLEWOOD
of 1997 , Pu b . L. 1 0 5-34 , the Internal Revenue Service Restructuring and R~form
Ace of 1998 , Pub . L . 1 0 5-206 , and che Community Renewal Tax Rel i ef Act of 2000,
Pub . L . 106-,54 .
T!i.i s l et t er ma y not be re lied on wi th respect to whether the plan
Jat i sf !.es :he requirements of sect i on 401 (a ) of the Code , as amended by the
Economic Growth and Tax Rel i ef Reconciliacion Act of 2001 , Pub L. 107-16 .
The requireme nt f o r employee benefits plan~ to f i le summa ry plan
descr i pti ons (SPD ) with the O. S. Department of Labor was eliminated effective
August 5 . 1 99 7. For more details , call l-800-998-7 542 for a free copy of the
SPD card .
We hav e sent a copy of this letter to your representative as indicated i n
the fewer of attorney.
If you h1.ve questions concerning this matter , please con tact the person
whose name and telephone number are shown above .
Enclosures:
Publ i cation 794
Sincerely yours ,
p~1.~
Paul T. Shultz
Director,
Employee Plans Rulings & Agreements