HomeMy WebLinkAboutReso 1983-11453
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RESOLUTION NO. 11453
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHULA
VISTA AMENDING ARTICLES V AND VI OF THE CITY OF CHULA
VISTA DEFERRED COMPENSATION PLAN
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The City Council of the City of Chula Vista does here~i
resolve as follows:
WHEREAS, the City Council of the City of Chula Vista by
Resolution No. 10585, dated July 28, 1981, changed the enrollment'
date for the City's Deferred Compensation Plan from January to
July of each year in order to permit a participant in the Plan to
defer a portion of his income based on salary adjustments granted
in July instead of having to wait until the following January, and
WHEREAS, salary negotiations for fiscal year 1983-84
were not completed until after the July enrollment period, and
WHEREAS, unless the Plan is amended, employees wishing
to make changes would have to wait until July 1984, and
WHEREAS, the proposed amendment would permit changes
throughout the year effective the first pay period beginning in
the month subsequent to the month of request.
NOW, THEREFORE, BE IT RESOLVED by the City Council of
the City of Chula Vista that Articles V and VI of the Articles of
the City of Chula Vista Deferred Compensation:,_ Plan be, and the
~ame are hereby amended to read as follows: .
Article V
Enrollment
The conditions of enrollment in the Plan shall be
as follows:
A. Any eligible employee may become a participant
in the plan by executing and delivering to the
employer -a written participation agreement.
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B. Compensation shall be deferred for any pay
period only if a participation agreement
providing for such deferral has been entered
into and is effective before the beginning of
the month in which the pay period commences,
i.e., if the pay period commences in July, the
participation agreement must be dated no later
than June 30.
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C. At the time of enrollment or change in enroll-
ment relating to the deferment of compensation,
a participant must agree to defer a minimum
amount of $25.00 per month or $300.00 for a
twelve-month period.
Article VI
Change in
Enrollment
Any change in enrollment shall be made on forms
approved by the City and shall be effective the
first pay period beginning in the month subsequent
to the month of request.
Presented by
Approved as to form by
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/Gordon K. Grant, Director ~homas J. Harron, City
of Finance Attorney
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ADOPTED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF
CHULA VISTA, CALIFORNIA, this 15th day of November
19 83 ,by the following vote, to-wit:
Councilmen
~McCandliss. Scott. Malcolm. Cox. Moore
None
AYES:
'NAYES:
ABSTAIN:
ABSENT:
Councilmen
Councilmen
None
Councilmen
None
ATTEST a/Yl4l~/:0 ~-1/
tI City Clerk
STATE OF CALIFORNIA )
COUNTY OF SAN DIEGO ) s s_
CITY OF CHULA VISTA )
I, JENNIE M. FULASZ, CMC, CITY CLERK of the City of Chula Vista, California,
DO HEREBY CERTIFY that the above and foregoing is a full. true and correct copy of
RESOLUTION NO. 11453 and that the same has not been amended or repealed.
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. DATED
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(seal)
City Clerk
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CC-660