HomeMy WebLinkAbout1974-104-12/19/1974-APPROVING THE AMENDMENT OF A DEFERRED COMPENSATION PLAN AND EXTENDING THE AVAILABILITY OF SUCH PLAN r
RESOLUTION 74-104
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROVING THE AMENDMENT OF A DEFERRED COMPENSATION
PLAN AND EXTENDING THE AVAILABILITY OF SUCH PLAN
TO ADDITIONAL CITY EMPLOYEES
WHEREAS, the City of Fort Collins has previously established
the ICMA Retirement Corporation's deferred compensation plan for Robert L
Brunton, the City Manager, and
WHEREAS, the ICMA Retirement Corporation has requested that
certain amendments be made to said plan, and
WHEREAS, said amendments assist the City by simplifying the
administration of said plan, and
WHEREAS, it is in the best interests of the City to extend the
availability of said plan to other employees of the City, and
WHEREAS, the City will assist its employees at no cost to itself
by extending the availability of said plan and by incorporating into said
plan additional attractive features
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF
FORT COLLINS
1 That the City of Fort Collins amend its Trust Agreement with
the ICMA Retirement Corporation by substitution therefor the Deferred
Compensation Plan attached hereto as Appendix A, and hereby authorizes
its Mayor to execute the Deferred Compensation Plan with the International
City Management Association Retirement Corporation, and
2 That the benefits of the plan shall be available to all
full-time employees of the City and the City Manager may, on behalf of
the City execute all Joinder Agreements with said employees which are
necessary for said persons participation in the plan, an example of
which appears at Appendix B, except that any Joinder Agreement for the
CLty Manager shall he executed by the Mayor
Passed and adopted at a regular meeting of the City Council held
this i9 day of c`7��� �,� A D 197
ATTEST
✓' G
City Clerk