HomeMy WebLinkAbout74-94 - Establishing Deferred Compensation Plan - International City Manager's AssociationY 5
RESOLUTION NO. 74-94
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
COSTA MESA ESTABLISHING A DEFERRED COMPENSATION
PLAN WITH THE INTERNATIONAL CITY MANAGER'S ASSO-
CIATION RETIREMENT CORPORATION FOR EXECUTIVE
PERSONNEL.
THE CITY COUNCIL OF THE CITY OF COSTA MESA DOES HEREBY RESOLVE AS
FOLLOWS:
THAT, WHEREAS, executive personnel are defined as the City Manager
and other classifications enumerated on the Executive Salary Resolution;
and
WHEREAS, this plan allows the individual a choice, as it is similar
to the plan adopted by Council two years ago; and
WHEREAS, both plans are voluntary and allow individuals to defer
portions of their salary until some future date as provided in the plan.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of
Costa Mesa establishes said Deferred Compensation Plan in addition to
the existing plan.
BE IT FURTHER RESOLVED that the International City Manager's
Association be trustee for this plan.
PASSED AND ADOPTED this 15th day of October, 1974.
of i
Mayor of the City of Costa Mesa
ATTEST:
rXIM
City Clerk of the City of Cos(C� Mesa
STATE OF CALIFORNIA ) V
COUNTY OF ORANGE ) SS
CITY OF COSTA MESA )
I, EILEEN P. PHINNEY, City Clerk and ex -officio Clerk of the City
Council of the City of Costa Mesa hereby certify that the above and
foregoing Resolution No. 74-94 was duly and regularly passed and adopted
by the said City Council at a regular meeting thereof, held on the 15th
day of October, 1974.
IN
WITNESS
WHEREOF I
have
hereunto
set
my hand
and affixed
the
Seal
a Mesa
of
the
City of
Costa Mesa
this
16th day
of
October,
1974.
1
J
z�
City
Clerk and
ex -officio Cler
l f the
City
Council of
the City of C
a Mesa