HomeMy WebLinkAboutRes1982-082
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CITY OF SEWARD, ALASKA
RESOLUTION NO. R?-R2
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SEWARD,
ALASKA, ESTABLISHING AN ALTERNATE DEFERRED
COMPENSATION PLAN FOR CITY EMPLOYEES
WHEREAS, the City of Seward has in its employ certain personnel; and
WHEREAS, satd employees are and will be rendering valuable services
to the City of Seward; and
WHEREAS, the City Council has considered the establishment of an al-
ternate 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 plans due to contingencies of em-
ployment mobility; and
WHEREAS, the City of Seward 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 con-
tinued employment for the sole purpose of allowing an employee to qualify for
retirement benefits;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
SEWARD, ALASKA, that:
Section 1. The City of Seward establish an alternate deferred com-
pensation plan for its employees.
Section 2. The City Council hereby authorizes the City Manager to
execute the deferred compensation plan with the International City Management
Association Retirement Corporation attached hereto as Appendix A.
Section 3. The City Manager, on behalf of the City, is further autho-
rized to execute all Joinder Agreements with City employees and other eligible
officials and offices which are necessary for said persons' participation in
the plan, an example of which appears as Appendix B, except that any Joinder
Agreement for the City Manager shall be executed by the Mayor.
adoption.
Section 4. This resolution shall take effect immediately upon its
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The City of Seward, Alaska
Resolution No. 82-82
Page 2 of 2
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PASSED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF SEWARD,
ALASKA, this 13 day of Det"'",mhE'r ' 1982.
AYES:
NOES:
ABSENT:
ABSTAIN:
ATTEST:
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Donald W. Cripps
Mayor
Swartz, O'Brien, Meehan, Gillespie, Burgess, Cripps
None
Wilson
(City Seal)
APPROVED AS TO FORM:
HUGHES, THORSNESS, GANTZ, POWELL & BRUNDIN
Attorneys for the City of Seward, Alaska
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Fred B. Arvidson
City Attorney