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<br />, <br /> <br />~ , <br /># . <br /> <br />( <br /> <br /> <br />RESOLUTION NO. l581 <br /> <br />i ! <br />I STATE OF MINNESOTA I <br />I <br />COUNTY OF RAMSEY <br />CITY OF NEW BRIGHTON <br /> <br />. RESOLUTION ESTABLISHING INTERNATIONAL CITY MANAGEMENT ASSOCIATION <br />RETIREMENT CORPORATION DEFERRED COMPENSATION PLAN <br /> <br />~~ WHEREAS the City of New Brighton has in its employ certain <br />personnel, and <br />. <br />WHEaEAS said employees are and will be rendering valuable <br />services to the City, and <br />! <br />WHEREAS THE City has considered the establishment of a <br />Deferred Compensation Plan for the said employees made available <br />to the City and to said employees by the Itlternational City <br />Management Association Retirement corporation, and <br /> <br />WHEREAS said employees often are unable to acquire <br />retirement security under other existing and available retirement <br />! plans due to the contingencies of employment mobility, and <br />! <br /> <br />WHEREAS the City receives benefits under said plans by <br />I being able to assure reasonable retirement security to said <br />employees, by being more able to attract competent personnel to <br />its service, and by increasing its flexibility in personnel <br />management through elimination of the need for continued <br />employment for the sole purpose of allowing an employee to qualify <br />for retirement benefits <br /> <br />NOW THEREFORE BE IT RESOLVED, That the City of New Brighton, <br />Minnesota establish said Deferred Compensation plan for said <br />employees and hereby authorizes its Mayor and Manager to execute <br />the Deferred Compensation plan with the International City <br />Management Association Retirement Corporation, att~ched hereto <br />as Appendix A <br /> <br />IT IS FURTHER RESOLVED, That the City Manager may, on behalf <br />of the City, execute all Joinder Agreements with said employees <br />and other eligible officials and officers, which are necessary <br />for said persons participation in the plan, an example of which <br />appears at Appendix B, except that any Joinder Agreement for said <br />designated official shall be executed by the Mayor. <br /> <br />Adopted this 22md day of July, 1975. <br /> <br /> <br />j <br /> <br />"..,. <br />I <br />i <br />i ATTEST: Gayl Mayor <br />~/'},l ? ) <br />Ii" '~ <br />'n C~,/~ c;/ <br />· ~-""-4-~ Thomas F. Lew~o , Manager ' <br />'(~~_) C , .~ <br />Vernon C. Pederson, Clerk-Treasurer <br /> <br />(SEAL) <br />