HomeMy WebLinkAboutCC RESO 2002 - 153RESOLUTION NO. 2002 — 153
RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF NATIONAL CITY
AUTHORIZING THE ESTABLISHMENT OF
THE PARS DEFINED BENEFIT PLAN AND
THE PARS DEFINED CONTRIBUTION PLAN FOR
CONVERSION OF UNUSED LEAVE TIME TO BE
ADMINISTERED BY PHASE II SYSTEMS,
PARS TRUST ADMINISTRATOR FOR CITY EMPLOYEES
WHEREAS, it is determined to be in the best interest of the City of National City
("CITY") to establish the PARS Defined Benefit Plan and the PARS Defined Contribution Plan
for eligible City Employees and their beneficiaries; and
WHEREAS, the CITY is eligible to be a member of the Public Agency
Retirement System ("PARS"), and provide to its' employees a governmental plan, qualifying
under relevant sections of the Internal Revenue Code and the California Government Code.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF NATIONAL
CITY, CALIFORNIA, DOES RESOLVE, DECLARE, DETERMINE AND ORDER AS
FOLLOWS:
1. The CITY, being a member of the PARS Trust, does hereby adopt the PARS Defined
Benefit Plan and the PARS Defined Contribution Plan for eligible employees effective
January 1, 2003.
The CITY's PAR Administrator is hereby authorized to execute the PARS legal and
administrative service documents on behalf of the CITY to implement a PARS
supplemental plan to CaIPERS.
3. The City Council hereby appoints the City Manager, or his successor or designee as the
CITY's Plan Administrator for PARS, and further authorizes him/her to implement the
Plan and to take whatever additional actions are necessary to maintain the participation of
the CITY in PARS and to maintain PARS compliance with relevant regulations issued or
as may be issued by the Federal or State government or agencies.
PASSED and ADOPTED this lst day of October, 2002.
George H. aters, Mayor
APPROVED AS TO FORM:
George H. Eiser, lII
City Attorney