HomeMy Public PortalAboutRES-CC-1976-04RESOLUTION
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WHEREAS, the City of Moab has in its employ certain personnel, David
J. Bretzke, City Administrator - City Recorder; and
WHEREAS, said employee is and will be rendering valuable services
to the City of Moab, and
WHEREAS, the City of Moab has considered the establishment of a De-
ferred Compensation Plan for the said employee made available to the City
of Moab and to said employee by the International City Management Association
Retirement Corporation; and
WHEREAS, said employee often is unable to acquire retirement security
under other existing and available retirement plans due to the contingencies
of employment mobility; and
WHEREAS, the City of Moab receives benefits under said plans by being
able to assure reasonable retirement security to said employee, by being more
able to attract competent personnel to its service, and by increasing its
flexibility in personnel management through elimination of the need for con-
tinued employment for the sole purpose of allowing an employee to qualify
for retirement benefits.
NOW, THEREFORE, BE IT RESOLVED that the City of Moab establish said
Deferred Compensation Plan for said employee and hereby authorizes its Mayor
to execute the Deferred Compensation Plan with the International City Manage-
ment Association Retirement Corporation attached hereto as Appendix A; and
IT IS FURTHER RESOLVED that the City Administrator may, on behalf
of the City of Moab execute all Joinder Agreements with said employee which
are necessary for said person's participation in the plan, an example of
which appears at Appendix B, except that any Joinder Agreement for said de-
signated official shall be executed by the Mayor.
Passed this 17th day of August, 1976.
:;.)
Wm. Dean McDougald, Mayor
City Councilmen
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