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HomeMy WebLinkAboutReso 2021-203RESOLUTION NO. 2021-203 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHULA VISTA APPROVING AMENDMENTS TO THE CITY’S NATIONWIDE 401(A) MONEY PURCHASE PLAN TO CONFORM TO THE EMPLOYMENT CONTRACTS FOR THE CITY MANAGER AND CITY CLERK WHEREAS, the City Manager and City Clerk have, in their employment contracts, requirements that the City contribute specified amounts into the City’s Nationwide 401(a) Money Purchase Plan (“Plan”), but there is no mandatory requirement that they also contribute into the Plan; and WHEREAS, the Plan includes a mandatory requirement that the City Manager and City Clerk contribute to the Plan and this requirement causes a conflict with their employment contracts; and WHEREAS, it has also been determined that the amounts designated as the City’s contributions to the Plan are not consistent with the employment contracts for the City Manager and City Clerk; and WHEREAS, to ensure that the Plan is consistent with the employment contracts for the City Manager and City Clerk, it must be amended to eliminate the mandatory employee contribution requirement and to conform to the City’s contribution amounts to the employment contracts. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Chula Vista, that it approves the amendments, with such minor changes which may be recommended or required by the City Attorney’s Office, to the City’s Nationwide 401(a) Money Purchase Plan set forth in the amended adoption agreement to the Plan on file in the City Clerk’s Office. [SIGNATURES ON THE FOLLOWING PAGE] DocuSign Envelope ID: 1DA3FE29-1196-4BE8-9B82-083EE2ED71B9 Resolution No. 2021-203 Page No. 2 Presented by Approved as to form by Sarah Schoen Glen R. Googins Director of Finance/Treasurer City Attorney PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista, California, this 9th day of November 2021 by the following vote: AYES: Councilmembers: Cardenas, Galvez, McCann, and Casillas Salas NAYS: Councilmembers: None ABSENT: Councilmembers: Padilla Mary Casillas Salas, Mayor ATTEST: Kerry K. Bigelow, MMC, City Clerk STATE OF CALIFORNIA ) COUNTY OF SAN DIEGO ) CITY OF CHULA VISTA ) I, Kerry K. Bigelow, City Clerk of Chula Vista, California, do hereby certify that the foregoing Resolution No. 2021-203 was duly passed, approved, and adopted by the City Council at a regular meeting of the Chula Vista City Council held on the 9th day of November 2021. Executed this 9th day of November 2021. Kerry K. Bigelow, MMC, City Clerk DocuSign Envelope ID: 1DA3FE29-1196-4BE8-9B82-083EE2ED71B9