HomeMy WebLinkAboutresolution.council.001-80RECORD OF PROCEEDINGS
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RESOLUTION NO. /
A RESOLUTION ESTABLISHING A DEFERRED COMPENSATION PLAN
WHEREAS, the City of Aspen, Colorado, 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 retire-
ment security under other existing and available retirement plans
due to the contingencies of en~loyment mobility; and
WHEREAS, the City receives benefits under said plans by being
able to assure reasonable retirement security to said employees,
by being more able to attract competent personnel to its service,
and by increasin9 its flexibility in personnel management through
elimination of the need for continued employment for the sole pur-
pose of allowing an employee to qualify for retirement benefits.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF TIlE
CITY OF ASPEN, COLORADO:
Section 1
The City of Aspen, Colorado, does hereby establish said
Deferred Compensation Plan for said employees and hereby author-
izes its Mayor to execute the Deferred Compensation Plan with the
International City Management Association Retirement Corporation,
attached hereto as Appendix "A".
RECORD OF PROCEEDINGS
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Section 2
The City Manager ]nay, on behalf of the City,
Joinder Agreements with said employees and other
cials and officers, which are necessary for said
execute all
eligible offi-
persons' partici-
pation in the Plan, an example of which is attached hereto as
Appendix "B", except that any Joinder Agreement for said desig-
nated official shall
Dated: ~
be executed by the Mayor.
Herman Edel
Mayor
I, Kathryn S. Koch, duly appointed and acting City Clerk
of the City of Aspen, Colorado, hereby certify that the foregoing
is a true and accurate copy of that resolution adopted by the City
Council of the City of Aspen, Colorado, at a meeting held on the
day of
Kathryn S~/K0ch
City Clerk
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