HomeMy WebLinkAboutRESOLUTION 1984-51t
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Suggested by: Administration
CITY OF KENAI
RESOLUTION N0. 84-51
A RESOLUTION OF THE COUNCIL OF THE CITY OF KENAI, ALASKA,
ESTABLISHING A MONEY PURCHASE PLAN WITH THE ICMA RETIREMENT
CORPORATION.
WHEREAS, the City of Kenai has employees rendering valuable
services, and
WHEREAS, the establishment of a Money Purchase Plan will benefit
employees by providing funds for retirement and funds for their
beneficiaries in the event of death, and
WHEREAS, the establishment of a Money Purchase Plan will assist
the City to attract. ;,nd retain qualified personnel, and
WHEREAS, the City desires that its Money Purchase Plan be
administered by the ICMA Retirement Corporation.
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF
KENAI, ALASKA, that the City of Kenai establishes a Money
Purchase Plan in the form of the ICMA Retirement Corporation
Prototype Money Purchase Plan and Trust, pursuant to the specific
provisions of the executed Adoption Agreement. The Plan and the
Trust forming a part hereof are established and shall be maintained
for the exclusive benefit of eligible employees and their
beneficiaries.
PASSED Bti' THE COUNCIL OF THE CITY OF KENAI, ALASKA, this 16th day
of May, 1984. A
WAGONER,-MAYO
G
ATTEST:
7
/ ,
3a et helan, City Clerk
Approved by Finance: