HomeMy WebLinkAbout1988 Resolution No. 013I
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Rf.SO LUTI ON NO . j}_
SER IES OF 1988
A RESOLUTION ESTABLIS HIN G A MONEY PURC H~S E PLAN FOR NONEMERGENCY
MID-MANAGERS, SUPERVISORY AN D CONFIDENTIA L (MSC) EMPLOYEES AS AN
OPTIO IJ TO THC !(ON EMERGENCY EMPLOYEES RETH<EMENT PLAN .
WHCREAS , the City o f Enqle~0od provides a r e tirement
p:,Jgrnn benefit f o r its emp l oyees ; a nd
NIICREAS , th-a City Cour.cil of th e City o f Eng l ewood desires
tc ~~<c av a ilahlc ~n o pti0i~l retiremen t plan for nonemergency
rid -m ~naoer, s1 1p~rviso r y and confidentia l (~lSC) emp l oyees ; and
lvl!E REAS , the estab li sh ment of a Money Purchase Plan wi ll
benefit e~ployees by p~u;iding tunds for r e ti r ement and funds for
t~eir bencfici~ries in he ev~nt o f dP.a th ; a nd
WHE.EAS , th e City Counci l desires that it s Money Pu rc hase
Plan be administered hy the ICt,ta. Retirement Cor poration ;
NOi·/, THEREFORE , BE IT RCSOLVED BY THE CITY COUNCIL OF THE
CirY OF ENGLE WOOD , COLORADO , AS FOLLO WS:
Se cti o n 1 . A Mo ney Purchase Plan in the form o( the ICMA
Reti reme nt Co r po r a tio n Pr o t ot ype Money Purchase Plan and Trust ,
purs ua nt ~o the specific provisions of the execu t ea Adopt io n
Ag re e me n•, is he reb y app r ove d . Th e Plan sh a ll be known as "City
of Englewood MS C Employees 40l(a) Money Pur c ha se Pl an .
Se cti o n 2. El i J ible emp l oyees fo r the Plan a r e non -
eme r gency mid-anaqer , supe rv isory and c on fidential e mpl oyees as
def ined by City personnel po lici es and procedures.
s e~tion 3. Th e City Man ag er and Director of Finance ar e
aut h orizectoexe c u te the r equ ired Pla n documents a nd a dminist e r
the Plnn in accordance with estab l ishe d policy .
~D O?TC D AND APPROVED t he 28th day o f March , 1988 .
~est :
Ydua .!L ,:_;;{/ 0 ~
Patricia H. Cr o w, City Cl erk
I , Patricia fl. Crow, City Clerk of t he City of Englewood ,
Co lorado, hereby certify the forego ing is a true copy of
Re sol u ti o n No . ..LL., Series of 1988 .
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