HomeMy WebLinkAboutR-1390 - Authorizing participation in a deferred compensation plan established and administered by the State of Washington--------------_.--
CITY OF MARYSVILLE
Marysville,Washington
,
RESOLUTION NO.
A RESOLUTION OF THE CITY OF MARYSVILLE AUTHORIZING
PARTICIPATION IN A DEFERRED COMPENSATION PLAN
ESTABLISHED AND ADMINISTERED BY THE STATE OF
WASHINGTON.
WHEREAS,the Committee for Deferred Compensation,in
accordance with RCW 41.04.250,administers the deferred compensa-
tion plan for the employees of the State of Washington as out-
lined in WAC 154;and,
WHEREAS,RCW 41.04.250 permits counties,Municipalities
and other political sUbdivisions to participate in the State of
Washington Employee's Deferred Compensation Plan;and
WHEREAS,the city of Marysville has reviewed the State
plan and agrees to accept all terms and conditions of the State
plan as established and as hereafter amended;and,
WHEREAS,the City of Marysville understands and agrees
that all monies deferred by its employees remain the property of
the city of Marysville.
NOW,THEREFORE,BE IT RESOLVED,that the City of Marys-
ville requests approval by the Committee for Deferred Compensa-
tion to participate in the aforementioned deferred compensation
plan for the employees of the city of Marysville,SUbject to the
requirements of RCW 41.04.250 and WAC 154.
~DOPTED by the city Council and APPROVED by the Mayor
this d,.7 day of Nooe .....b-e.v ,1989.
THE CITY OF MARYSVILLE
ATTEST:
~8n'~1CITYcLFfi<~'=''""-''----
APPROVED AS TO FORM:
~l =~C2,'e~
C~ATTORNEY -