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HomeMy WebLinkAboutResolution No. 12-C91RESOLUTION NO. 12-C91 A RESOLUTION OF THE CITY OF AZUSA AMENDING THE 457(B) RETIREMENT PLAN FOR THE BENEFIT OF CITY OF AZUSA EMPLOYEES WHEREAS, the City Council of the City of Azusa herein referenced to as "City Council", approves the amendment of the City of Azusa 457(B) Retirement Plan (the "Plan") for the benefit of all City employees. NOW, THEREFORE, BE IT RESOLVED that the City Council amends the Plan effective December 17, 2012. Existing clients can continue elective deferrals of City contributions to the Plan; and BE IT FURTHER RESOLVED, that the City Manager of the City of Azusa be authorized and directed to execute any and all documents and do any and all acts which may be necessary in connection with the adoption, amendment, restatement, maintenance and/or ongoing funding of the Plan; and BE IT FURTHER RESOLVED, that effective December 17, 2012, the trustees under the Plan are the following: City Manager, Assistant City Manager, Director of Finance, Director of Human Resources. BE IT FURTHER RESOLVED, that the City Manager be authorized and directed to retain any service providers they believe are necessary or desirable in connection with the Plan. ADOPTED this 17th day of December, 2012. Vera Mendoza, City Clerk /bsephi R. Rocha, Mayor I HEREBY CERTIFIY that the foregoing resolution No. 12-C91, was duly adopted by the City Council of the City of Azusa at a regular meeting thereof held on the 17`h day of December 2012, by the following vote of the council: AYES: COUNCILMEMBERS: GONZALES, CARRILLO, MACIAS, HANKS, ROCHA NOES: COUNCILMEMBERS: NONE ABSENT: COUNCILMEMBERS: NONE Vera Mendoza, City Clerk