HomeMy WebLinkAboutRESOLUTIONS-1978-019-R-78M
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6/14/78
19-R-78
A RESOLUTION
Adopting An Optional Deferred
Compensation Plan For City
Employees And Elected Officials
WHEREAS, tie elected officials of the City of Evanston as well as
certain administrative, professional, and technical employees are and will be
rendering valuable services to the City of Evanston; and
WHEREAS, the City of Evanston has considered a deferred compensation
plan for these persons made available to the City of Evanston, its employees,
and elected officials by the International City Management Association Retire-
ment Corporation; and
WHEREAS, many of the elected officials and employees of the City of
Evanston are interested in avenues of retirement security other than those cur-
rently available to them; and
WHEREAS, the City of Evanston receives benefits under such a plan by
being able to as.sure reasonable retirement security to said elected officials
and employees, which will in turn make the City more attractive to candidates
for elective office and competent personnel, such a plan will also increase the
City's flexibility in personnel management through elimination of the need for
continued employment for the sole purpose of allowing an employee to qualify
for retirement benefits;
w6 NOW, THEREFORE, BE IT RESOLVED that the City of Evanston establish a
deferred compensation plan for elected officials and certain employees and
hereby authorizes its City Manager to execute the Master Trust Agreement with
the International City Management Association Retirement Corporation, attached
hereto as Appendix A; and
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19-R-78
IT IS FURTHER RESOLVED that the City Manager is authorized on behalf
of the City of Evanston to execute all deferred compensation employment agree-
ments with said employees and other eligible officials and officers, which are
necessary for said persons' participation in the plan, an example of which
appears at Appendix B, except that any deferred compensation employment agree-
ment for said City Manager shall be executed by the Mayor.
ATTEST:
/ City Clerk 1
Adopted 1978.
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