HomeMy WebLinkAboutReso 19-2000RESOLUTION NO. 1%2000
CITY COUNCIL, CITY OF SOUTH SAN FRANCISCO, STATE OF CALIFORNIA
A RESOLUTION APPROVING AMENDED 457 DEFERRED
COMPENSATION PLAN AND TRUST DOCUMENT
WHEREAS, federal law required, effective January 1, 1999, all employers providing IRS
Section 457 plans to develop plan documents outlining a employers' rights and responsibilities;
and
WHEREAS, changes made by two of the City's Plan Providers require the City to amend
its Plan and Trust Documents; and
WHEREAS, staff desires approval of the amended Deferred Compensation Plan and
Trust Document, which describes the City of South San Francisco's 457 deferred compensation
plan.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of
South San Francisco that the City Council hereby approves the Deferred Compensation
Plan and Trust Document dated March 2000, which describes the City's 457 deferred
compensation plan.
I hereby certify that the foregoing Resolution was regularly introduced and adopted by the
City Council of the City of South San Francisco at a regular meeting held on the 8th day of
March, 2000 by the following vote:
AYES:
NOES:
ABSTAIN:
ABSENT:
Councilmembers James L. Datzman, Eugene R. Mullin, and John R. Penna,
Mayor Pro Tern Fernekes and Mayor Karyl Matsumoto
None.
None.
None.
C:\My Documents\RESO\de ferredcomp.res.doc
ATTEST:
ffJUity Clerk