HomeMy WebLinkAbout1981-179-12/15/1981-APPROVING THE WITHDRAWAL OF PETER D. RUGGIERO FROM THE CITY RETIREMENT PLAN AND SUBSTITUTING PARTICI STATE OF COLORADO )
COUNTY OF LARIMER ) ss
CITY OF FORT COLLINS )
I , Molly Davis, Deputy City Clerk of the City of Fort Collins (herein
the ' City' ) , in the County of Larimer, and State of Colorado, do hereby
certify that
1 The foregoing pages numbered from 1 to 4, inclusive, con-
stitute a full and correct copy of the record of the proceedings taken
by the City Council of the City at a regular meeting thereof held on the
15th day of December, 1981 , so far as said proceedings relate to a reso-
lution (consisting of pages 2 through 4) , a copy of which is therein
set forth
2 The copy of said resolution contained in said proceedings is
a full , true, and correct copy of the original of the resolution as con-
sidered by the City Council at said meeting and acted upon as stated in the
foregoing proceedings, and the original of said resolution has been duly
authenticated by the signatures of the presiding officer of said City
Council and myself as Deputy Clerk of said City
3 The Mayor and six other members of the City Council were
present at said meeting and seven members of said Council voted on said
resolution, as in said proceedings set forth
IN WITNESS WHEREOF, I have hereunto set my hand and affixed the seal
of the City this 15th day of December, 1981
(SEAL) Deputy Ci rk
RESOLUTION 81-179
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROVING THE WITHDRAWAL OF PETER D RUGGIERO
FROM THE CITY RETIREMENT PLAN AND SUBSTITUTING
PARTICIPATION ON HIS BEHALF IN THE ICMA RETIREMENT
CORPORATION'S DEFERRED COMPENSATION PLAN
WHEREAS, on March 4, 1971 , the Council established a retirement plan
for employees of the City, and
WHEREAS , Peter D Ruggiero is included as a participant in said
retirement plan, and
WHEREAS, on November 6, 1978, Peter D Ruggiero was originally em-
ployed in the service of the City as an Assistant City Attorney and has
served in that capacity since that time, and
WHEREAS, the Council has previously recognized that the position of an
Assistant City Attorney is unique among City employees and normally in-
volves employment of individuals with previous experience in other munici-
palities whose tenure of employment with the City may not normally extend
to the time of retirement, and
WHEREAS, in the opinion of the Council , retirement benefits for Peter
D Ruggiero should be provided through participation in the Deferred
Compensation Plan of the ICMA Retirement Corporation instead of through the
City Retirement Plan in recognition of the fact that he was employed by the
City originally as an Assistant City Attorney and his educational qualifi-
cations and ,lob experience make it likely that he will continue in the
field of municipal law
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF FORT
COLLINS
Section 1 That the City Retirement Plan, adopted by Resolution of
the Council on March 4, 1971 , be and the same hereby is, amended to delete
Peter D Ruggiero as a participating City employee in said plan
Section 2 That any amounts which would have been payable by the City
into the City Retirement Plan on behalf of the Peter D Ruggiero, if he
mere a participant in such plan, shall be paid into the Deferred Compensa-
tion Plan established on his behalf with the ICMA Retirement Corporation
Section 3 That any and all amounts heretofore paid into the City
Retirement Plan on behalf of Peter D Ruggiero, shall be withdrawn from the
City Retirement Plan and paid into the Deferred Compensation Plan estab-
lished on his behalf with the ICMA Retirement Corporation The amounts to
be so withdrawn shall be only the amounts paid in and not any interest
which have been earned on said account
Section 4 That this Resolution shall be effective at such time as
Peter D Ruggiero executes a waiver of all claims to benefits or rights
under the City Retirenent Plan
Passed and adopted at a regular meeting of the Council of the City of
Fort Collins held this 15th day of December , A D 1981
Mayor
ATTEST
City Clem U
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