1991/06/25 City Council Resolution (11)RESOLUTION NO. 91- 122
A RESOLUTION AUTHORIZING THE CITY MANAGER TO TAKE NECESSARY
ACTIONS TO ADOPT A QUALIFYING RETIREMENT PLAN FOR PART-TIME OR
TEMPORARY EMPLOYEES TO COMPLY WITH SECTION 11332 OF THE
OMNIBUS BUDGET RECONCILIATION ACT AND SECTIONS 3121 (b) (7)
(F` OF THE INTERNAL REVENUE CODE
WHEREAS` it is determined to be
Park and its employees to provide o
System") to all employees not curre
thereby meeting the requirements
Reconciliation Act (the "Act") and
Revenue Code (the "Code")-, and
in the best interest
Qualifying Retirement
ntly eligible for such
of Section 11332 of
Sections 3I21 (b) (7)
of the City of Aohnert
System ("Qualifying
a Qualifying System,
the Omnibus Budget
(F) of the Internal
WHEREAS, it is the intent of the City Council of the City of Rohnnrt Park
to adopt such a Qualifying System as an alternative system to Social Security
for employees not currently covered under a Qualifying System; and
WHEREAS, final regulations regarding the formulation, qualification, and
installation of such alternative plans have not been issued, and proposed
regulations are unclear and subject to change.
NON, THEREFORE, BE IT RESOLVED that:
(l) The City Council of the City of Rohnert Park does hereby intend
to adopt such a Qualifying System effective July l, 1991, for
the benefit of employees employed an that date and hired
thereafter.
(2) The City Council hereby authorizes the City Manager as the City's
Plan Administrator to select, adopt, and implement a Qualifying
Plan pursuant to the final regulations for Sec. 3121 (b)(7)/F\
of the Internal Revenue Code when issued by the Internal Revenue
Service.
(3) The City's Plan Administrator is hereby authorized to take
whatever additional actions are necessary to maintain the
participation of the City of Rnhnert Park in the Qualifying Plan
and to take whatever other actions are necessary to comply with
Section I1332 of the Act, Section 3121 (b)(7)(F) of the Code, and
relevant regulations issued or as may be issued.
DULY AND REGULARLY ADOPTED this 25th day of June, 199I.
CITY OF ROHNERT PARK
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Deputy City Clerk
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