HomeMy WebLinkAboutReso 2001-407 RESOLUTION NO. 2001-407
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CHULA VISTA ADOPTING A RESTATED AND AMENDED
457 DEFERRED COMPENSATION PLAN
WHEREAS, the City has offered a Deferred Compensation Plan to employees since
1975; and
WHEREAS, since the Plan was adopted it has been modified several times in order to
conform to changing Internal Revenue Service regulations; and
WHEREAS, this amendment in the form of a complete restatement is necessary to
implement the considerable enhancements made available by the Economic Growth and Tax
Relief Reconciliation Act of 2001 (EGTRRA).
NOW, THEREFORE, BE IT RESOLVED the City Council of the City of Chula Vista
does hereby adopt a restated and amended 457 Deferred Compensation Plan, a copy of which
shall be kept on file in the Office of the City Clerk.
Presented by Approved as to form by
Robert Powell Jo}noA~i. Kaheny ~
Assistant City Manager C~Y-y Attomey
Resolution 2001-407 -
Page 2
PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista,
Califomia, this 4th day of December, 2001, by the following vote:
AYES: Councilmembers: Davis, Padilla, Rindone, Salas and Horton
NAYS: Councilmembers: None
ABSENT: Councilmembers: None
Shirley Hortorl~Mayor
ATTEST:
Susan Bigelow, City Clerk~
STATE OF CALIFORNIA ) -
COUNTY OF SAN DIEGO )
CITY OF CHULA VISTA )
I, Susan Bigelow, City Clerk of Chula Vista, California, do hereby certify that the foregoing
Resolution No. 2001-407 was duly passed, approved, and adopted by the City Council at a
regular meeting of the Chula Vista City Council held on the 4th day of December, 2001.
Executed this 4th day of December, 2001.
Susan Bigelow, City Clerk