The URL can be used to link to this page

Home My WebLink AboutR-0900 - Establishing a Deferred Compensation Plan for the employees of the city--cc- ,- .,.\ • • CIT Y 0 F,MAR Y S V ILL E Marysvl~le,Washington .RE~OLUTION NO.9~() A Resolution of the City of Marysville establishing a Deferred Compensation Plan for the employees of the City.', WHEREAS,the City of Marysville has in its employ certain personnel;and WHEREAS,said employees are and will be rendering valuable services to the City;and WHEREAS,the City has considered the establishment of a Deferred Compensation Plan for the said employees made available to the City and to said employees by the International City Management Association Retirement Corporation;and WHEREAS,said employees often are unable to acquire retirement security under other existing and available retirement plans due to the I"~ contingencies of employment mobility;and U WHEREAS,the City receives benefits under said plans by being able to assure reasonable retirement security to said employees,by be- ing more able to attract competent personnel to its service,and by increasing its flexibility in personnel management through elimination of the need for continued employment for the sole purpose of allowing an employee to qualify for retirement benefits. NOW,THEREFORE, BE IT RESOLVED that the City of Marysville establish said Deferred Compensation Plan for said employees and hereby authorizes its Mayor to execute the Deferred Compensation Plan with the International City Management Association Retirement Corporation, attached hereto as Appendix A;and IT IS FURTHER RESOLVED that the City Administrator may,on behalf of the City of Marysville execu~all Joint Agreements with said employees and other eligible officials and officers,which are necessary for said persons participation in the plan,an example of which appears as Appendix B,except that any Joinder Agreement for said designated official shall be executed by the City Clerk. PASSED by the City Council and APPROVED by the Mayor this littJ.day of ~,1978. THE CITY OF MARYSVILLE ~~~-MAYOR C ....~ APPROVED AS TO FORM: