HomeMy WebLinkAboutCity of Tamarac Resolution R-86-3221''
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Introduced by: (IN Temp. Reso. #4286
CITY OF TAMARAC, FLORIDA
Resolution No. R-86-
A RESOLUTION ESTABLISHING AN ALTERNATIVE
DEFERRED COMPENSATION PLAN TO BE ADMINISTERED
WITH THE EQUITABLE LIFE ASSURANCE SOCIETY OF
UNITED STATES; AUTHORIZING THE APPROPRIATE
CITY OFFICIALS TO EXECUTE ALL NECESSARY
DOCUMENTS TO IMPLEMENT THE FLAN;
D FRO DI FE T E D TE
WHEREAS, the City of Tamarac has employees rendering
valuable services; and
WHEREAS, the establishment of an alternative deferred
compensation plan for such employees will serve the interests
of the City of Tamarac by enabling it to provide reasonable
retirement security for its employees, by providing increased
flexibility in its personnel management system, and by
assisting in the attraction and retention of competent
personnel; and
WHEREAS, the City of Tamarac has determined that the
establishment of an alternative deferred compensation plan to
be administered by the Equitable Life Assurance Society of
United States (hereinafter EQUITABLE) will serve the above
objectives:
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF TAMARAC, FLORIDA:
SECTYON_1: That the City of Tamarac adopts the deferred
compensation plan as an alternative plan, attached hereto and
made a part hereof as Exhibit "A", and appoints EQUITABLE to
serve as Administrator thereunder.
SECTION2: That the Finance Director shall be the
coordinator for this program and shall receive necessary
reports, notices, correspondence or forms from EQUITABLE as
Administrator, and shall cast, on behalf of the City of
Tamarac, any required votes under the program. Adminis-
trative duties to carry out the plan may be assigned to the
appropriate departments.
SE TIQ-N- _3: That the appropriate City officials are
hereby authorized to execute all necessary documents to
implement this plan.
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SECTI N 4: This Resolution shall become effective
immediately upon its passage.
PASSED, ADOPTED AND APPROVED thisday of , 1986.
4LB4ERNARD ART
MAYOR
ATTEST:
MARnYN BERTHOLF///' Y
CITY CLERK1--
I HEREBY CERTIFY that I have
approved the form and correct-
ness of this RESOLUTION.
A. BR NT A Ede TE
CIT ATTORNEY
202791686/t
MAYOR: HART
DIST. 1: C/W MASSARO _
DIST. 2: V/M STELZER ,_,,,
DIST. 3: C/M GOTTESMAN
DIST. 4: C/M STEIN __
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