HomeMy WebLinkAboutCC RESO 91-235RESOLUTION NO. 91-235
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
NATIONAL CITY OF INTENTION TO PROVIDE A
QUALIFYING RETIREMENT SYSTEM FOR PART-TIME,
SEASONAL AND TEMPORARY EMPLOYEES
WHEREAS, it is determined to be in the best interest of the
City of National City ("City") and its employees to provide a
Qualified Retirement System ("Qualifying System") to all employees
not currently eligible for such a Qualifying System, thereby meeting
the requirements of Section 11332 of the Omnibus
Budgetthe cIncilia-
tion Act (the "Act") and Section 3121(b)(7)( ) of
Revenue Code (the "Code"); and
WHEREAS, it is the intent of the City Council of the City
of National City to adopt such a Qualifying System as an alternative
system to Social Security for employees not currently covered under
a Qualifying System.
NOW, THEREFORE, be it resolved that:
(1) The City does hereby intend to adopt such a Qualifying
System effective January 1, 1992, for the benefit of
employees employed on that date and hired thereafter;
and
(2) The City hereby authorizes the Finance Director as
City Plan Administrator to select, adopt, and imple-
ment a Qualifying Plan pursuant to fhe the the regula-
for Section 3121(b)(7)( )
Revenue Code when issued by the Internal Revenue
Service;
The City Plan Administrator is hereby authorized to
take whatever additional actions are necessary to
maintain the participation of the City in the Qualify-
ing Plan and to take whatever other actions are
necessary to comply with Section 11332 of the Act,
Section 3121(b)(7)(F) of the Code, and relevant regu-
lations issued or as may be issued.
PASSED and ADOPTED this 26th day of November, 1991.
(3)
ATTEST:
// 5 s
George H. G aters, Mayor
Anne Peoples, Ci y Clerk
APPROVED AS TO FORM:
# OA*: 2Ir
George H. Eiser, III
City Attorney