HomeMy WebLinkAbout1975 093 CC RESO1975 093 CC RESO ;¢fì ÷
RESOLUTION NO. 75-93
A RESOLUTION OF THE CITY COUNCIL OF
THE CITY OF BALDWIN PARK ESTABLISHING
A DEFERRED COMPENSATION PLAN
The City Council of the City of Baldwin Park does hereby
resolve as follows:
WHEREAS, the City of Baldwin Park 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 retire-
ment plans due to the contingencies of employment 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 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 Baldwin
Park 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 Manager may, on
behalf of the City of Baldwin Park, execute all Joinder
Agreements with said employees and other eligible officials
and officers, which are necessary for said persons participa-
tion in the plan, an example of which appears at Appendix B,
except that any Joinder Agreement for said designated official
shall be executed by the Mayor.
APPROVED AND ADOPTED this 19th day of November, 1975.
A}ifi/v,U^L&^^
vMayor
ATTEST:
c^^^^^^^i'
Thelma L.Balkus,City Clerk
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1975 093 CC RESO ;¢fì ÷
Resolution No.75-93_
Page No.
STATE OF CALIFORNIA
COUNTY OF LOS ANGELES) SS:
CITY OF BALDWIN PARK
I, THELMA L. BALKUS, City Clerk of the City of Baldwin Park
do hereby certify that the foregoing resolution was duly and regularly
passed and adopted by the City Council of the City of Baldwin Park at
Its regular meeting of the City Council on the 19th day of
November 1975 by the following vote:
TSTOHClCTEir RfT rar 0. Air COUNCILHEN KYT NAT nr AT
GREGORY X2 WALDO x
KING XI MAYOR HAMILTON x
MC CARON X
X Indicates Vote AB Absent N.V. Not Voting
/ y
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THEIMALBALKUS. mV ClEftK
BIB]
37686-U01
1975-U02
093-U02
CC-U02
RESO-U02
LI3-U03
FO10488-U03
FO11122-U03
DO11231-U03
C6-U03
RESO-U03
3/5/2003-U04
ROBIN-U04