HomeMy WebLinkAboutCity of Tamarac Resolution (95)Temp. Reso. #9733
April 1, 2002
Page 1
CITY OF TAMARAC, FLORIDA
RESOLUTION NO. R-2002-95
A RESOLUTION OF THE CITY COMMISSION OF THE
CITY OF TAMARAC, FLORIDA, AUTHORIZING THE
APPROPRIATE CITY OFFICIALS TO APPROVE
AMENDMENTS TO THE CITY'S ICMA 401(A) MONEY
PURCHASE PLANS EFFECTIVE JANUARY 1, 2002 IN
COMPLIANCE WITH THE ECONOMIC GROWTH AND
TAX RELIEF RECONCILIATION ACT; TO APPROVE
MINOR CHANGES TO THE PLANS; PROVIDING FOR
CONFLICTS; PROVIDING FOR SEVERABILITY; AND
PROVIDING FOR AN EFFECTIVE DATE.
WHEREAS, the City has four established 401(a) Money Purchase Plans for
Appointed and Elected Officials, and Executive, Managerial/ Professional, and
Administrative employees who opt out of the City of Tamarac's General Pension Plan
through the International City Manager's Association Retirement Corporation (ICMA-
RC); and
WHEREAS on June 7, 2001, a tax bill was signed (the Economic Growth and
Tax Relief Reconciliation Act of 2001 or "EGTRRA") which made changes to all 401(a)
money purchase plans as described in Exhibit 1; and
WHEREAS, amendments to the Internal Revenue Code have been enacted that
require our plan documents to be amended accordingly; and
WHEREAS, the ICMA Retirement Corporation has implemented all the changes
required by law in the City of Tamarac's four 401(a) Money Purchase Plans to ensure
compliance with the law; and
WHEREAS, ICMA-RC has requested that the City officially approve the
amendments; and
Temp. Reso. #9733
April 1, 2002
Page 2
WHEREAS, during the review and amendment process, all four 401(a) plan
documents were reviewed in detail to ensure that the plan documents are consistent
with the City's practices and the new law, and several minor changes should be made
to the plan documents to ensure consistency with the City's practices; and
WHEREAS, the plan documents shall be amended to specifically state that
overtime and bonuses are considered earnings and that loans against the 401(a) plans
are not permitted.
WHEREAS, all four City 401(a) Plan Documents have been amended to meet
"EGTRRA" requirements and to ensure all Plan Documents are consistent; and
WHEREAS, the City Manager and Personnel Director recommend approval of
the amendments to the City's four 401(a) Money Purchase Plan Documents effective
January 1, 2002; and
WHEREAS, the City Commission has deemed it to be in the best interest of the
citizens and residents of the City of Tamarac to amend the 401(a) Money Purchase
plans.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE
CITY OF TAMARAC, FLORIDA:
SECTION 1: The foregoing "WHEREAS" clauses are hereby ratified and
confirmed as being true and correct and are hereby made a specific part of this
Resolution.
SECTION 2: That the appropriate City officials are hereby authorized to approve
the amendments to the City's four ICMA 401(a) Money Purchase Plans in accordance
with "EGTRRA" requirements as detailed on Exhibit 1, effective January 1, 2002.
Temp. Reso. #9733
April 1, 2002
Page 3
J
SECTION 3: That the appropriate City officials are hereby authorized to approve
the amendments to the City's four ICMA 401(a) Money Purchase Plans to specifically
state that overtime and bonuses are considered earnings and that loans against the
401(a) plans are not permitted, effective January 1, 2002.
SECTION 4: All resolutions or parts of resolutions in conflict herewith are
hereby repealed to the extent of such conflict.
SECTION 5: If any clause, section, other part or application of this Resolution is
held by any court of competent jurisdiction to be unconstitutional or invalid, in part or in
application, it shall not affect the validity of the remaining portions or applications of
this Resolution.
n
Temp. Reso. #9733
April 1, 2002
Page 4
SECTION 6:This Resolution shall become effective immediately upon its passage and
adoption.
PASSED, ADOPTED, AND APPROVED this 10t" day of April, 2002.
;ATTEST:
MARION S ENSON, CMC
CITY CLERK
I HEREBY CERTIFY that I
have approved this
RESOLUTION as to form.
MITCHECL S. KF
CITY ATTORN
JOE SCHREIBER
MAYOR
RECORD OF COMMISSION VOTE:
MAYOR SCHREIBER A -ye,
DIST 1: V/M. PORTNER A
DIST 2: COMM. MISHKIN Aye/
DIST 3: COMM. SULTANOF• Ayei
DIST 4: COMM. ROBERTS Alves
�Zno
v�
._
^
Eo
v EW c:4.5 E •o
188
U
W a
�•�
c E
9
Eoe��� uo�Lo c�.
u � G
'SL'o e:�CC�YE3c.:
y��LY ooo
"r . _..
S
8 0.0 � w•L C n E O
e
0
.� � r 8�
�`• W
E S
L V
•� �
" E
W
C. C C 3 u u
m •C 8" E
A
G C
C C
C y
o•g � o E
o�
a Az
< 9
W
W
y
x
c
u
0
u V
E C y
U
h L v� -• 8 n
��
V
C=
C
j � C
° � w •=
3
•E
V n v
=
it
C
`1j
-
tr C C
3
Y
V -•
Z,�
C
N Y C C
N -]
3 O •O
=.E `•c
E
.°.off°+
V >
> V
>- re ° E
o C. °
_
n N •- � C
'+y►
a
`a'=� c u a ,
naW
0
E�c�
v.3 c a„ C
0
oc
v
28
O
3 E o 16C;
C Y
�Qc V•E {��s ow
0
A
c
.V
C
C 0 0 0 0•
O
V • wwwww
'3
C O O O u
CD O OQ15
N N N N N
V
a3
_..
.iwCie•....i
"�O
IT 1
9
°
5
=o." E
Ei�
Op
l'gcE8n.
do$zg�
-
�WyS
4-8=
E S
�`6.1
E
E-d.
E tl �
y era e
c E 3 Z
�� x 8r 8�v
i 8 l w
p o
c°t'
-a
�+
n pL
e E"..8
^
•_ a '3
3 � 3' E � E
� '•- � a,•-
?
e s E°
i' 3 c c
7 o
>-
c
o^
of
V
`�
O
W
C
F K
w C —
••
U 3
_�
3
i� "�
= 8
�' =� 3
z 2
�`
tiaL
21
3
O u
T
E�
10
O
= =
V
7
O
u u
--
C
i, u
C
G u
� �
L L
�
V
—I❖,L
A
.0 `"
C. `
O u=
�
C
C
v C
T�
C
L
v
O
A
0.
E E t
c
v o w
p
ti
;
o
�� O^.
O
es
O E
re
��aE
•!'
coo
oot7
C O
L n
C
zo
c�II�
z
cgaa
y
—IN
~
V
e�p.'.
C•S.,
Z2
F'
nc
C
IJVRIJ
10
r
v ,0
-0 .o
ay
0-
�• z c x
o
°
Q Q
•„
.
!+y
yam,. V A
C = H
G.y� Y y'
O
O �J h •r,
1Ni
.u. s �a O
u O :Q
0 3 a
N
O
Y
;
C
W
�.�S�s
v O
..
c
c
E— Y c a
c G
3
> v
F ..O
-
C
A 2
n u C E A
r^ �
V
wg
.0 v
3
2�
(sl
U
A A
O
Z W
eo
v c
w
_ n
R R
C
¢
E o °- ° 0.3
ti
.--� �
�
Fr
N G�
�v^ V G^
� u� V C � �•O
°
r
U Z.
-
O
w f:
:5
� ./
^ :J
.. o E Ev
�
Y
_
O
O
^
v
U
7 C E .2 O
V
V vi
' E
C
c
`%
is
>
O
OC
Z' �
3
v .°.. C
> v0`.. E C
O
E'E c
C. u
a
0.-
G
2
..
A O Y a
G
Q
3
O
oYrn U>20
e
�
h
y
°' o C
a -2
G
.O
.2
c .e .0
� �v_.
c. c .a a
r
5
Z
f7
v N
i
lY
u
c�
N
3t
O
3t
ti
Zt
,o so' : �•`,
N6
At
Lit
el
11
z
00
�u
wQ
"
U
:a—yE
ps
C
g �aci „:
0 -So
n-S
y.
o ;av
oL c
~ o
v
��
•Ila
3
'a =
N
-a 0
c 3 i' ffi 7
v ii •O �.
V
•�
d
C`
O �
Y. u
b G•-
au.. y
D O 0
ti v y s C
7 W u .y
`` n
V G
0 E^^ u V
V C - au..
` V s C
•> .. u V •2
^L O L
r
•"+ •E G. u � Car
O •� � C �
G.
3 G eL _
c n C -• R e?
e � C -c c
u
^
S!
u a N
c c. C.
u F
?
c
lo
-o= o
n
E
c
E
p ^
o oa
o
E °-cu, uS <�
R7
Ln
�
G »
R CU•.1 E CJ �
cCi u
Ci V c7 � � O
:.7 � � CJ c
� u C
a=
�'. H �
�J � C G N F � �
O � 'G � _ N
F •o ee C
C�
`-' .E __
.0
�
�.
oR
A �
E-• �
c"
•�
GL L D
%� C �
COL
_V �
.u.
R O
V
y �v C�-
V�
O0.2
Cl
>.g
.`
�tC
b u y
O V
o
p � 0
,o
-Z
ap`. G.
< ap`. a
'C Q G G
u u
o
=
u�ga
C �
= _ -�
c
u
r° f
a
o
°
c E o
^ ti a E c
`u C
Eo c$
t�
= M.
O l7
�O E,—
Oen
e°
v
c b
o
Cam
E
W
0 E
70v R
R1 O M
��.E
70 V C
y Z A
0 ^:d O'•>. t�
a �uC ,Q
•r r Z7 V
C C -
v
12
e pp
N y � ��� �y •u y �
•� •i � d� '•�
3 E
-cot a L• e
—uE4���'S�a
$ •cC•
c.uWy�
U
c� a
2�b -os�
<a� o 3-�0
a•3
W
e �
e
0
O H
N
� u
'e `u
K••L
w
Uw
u
n n
Z
vQ
x OA O
C_
NO
n u
je
�
`� o
_-�
,�
o a c G•� y
`p C. „�
y
•
v O
n
O�
>
C
u v
H 7 u c,
u
n
t9 u
o-
•3
0
O u
C 7
u
G
C
o o t0
o
�
_
u
e
A [�
e 3� •tea•
H Uo:
:4 H
0
13
00 o. -
E
N
Oyy
y
W � y
s
_ C ODL
u u o
W � �
V K A
V °� ZW o �o o'e
u
V y C- W E'7 p C>>.-- y C> p N C=
V C V
U O L`� C
O C v r\ V C n
O w u 3 O C
E-d °_ = V
tj
Z A `�' E^ E r n a= c E n L v 3 E
O p cz U
3 •� R u = 7
> U. v O > .'� O O to b eA
Ln
ta
O � •` V� V
u-zi
c� Lisa to c� ootz
>
7 U
O C'•�
o s
<'3 �o >> sE�
3 -t E
E � o •� .. o a° �v,
O 7'vo $_ :,",,z o v
N A C E CH O C_
a V► E .a �....
O C •C
a C �iVi 9
a.
wco E n a >
13
tQ
140
�I,2.. N Z •9 3 0. OC G. �L' �•G
r
14
tWL
-d
y'
O p
a
d _.....
"
U
u
u
z
'C
.xu N
C y O
--ijZw
-5
�
dEC
uy
•O
C � •v
Cw 45
�
C
NsvCC,
E a
_ O �
E
v C
w S �,O .E OC•
.y
u •C
•V C _ N
n"° n
U
a�
"T
52
O F
Z —
u v -j
S E p=
W
c, U
U'v n o C.
Q O O u
� < E F
< E
V
Q7
p � ,_ X
� u •E .y c
LV
,N = �:.g .5 '� v .
• y ° E u` L
e 2
U
u
_
C
p N O u
II
:'• •• 0 y � t.J
t � t� ' L
E >°
Z
ui �v �.5
EJ E,o
R
y
`O
�
mT7
>
O .u•
a � V
zz
o
b
C �
•c
— 3s
�Ln
t2 v
e-uo��
..
u >_
O
O
1n
C C
•� bo.`
C Y..
Y =-a C C
C+
C V •p
-
c.
u .E.
Aa C
Cyr
f
15