Resolution - 8256RESOLUTION NO. 8256
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A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF WEST
COVINA, CALIFORNIA, AMENDING, IN ITS ENTIRETY, THE DEFERRED
COMPENSATION PLAN FOR THE CITY OF WEST COVINA.
WHEREAS, the City Council of the City of West Covina has established
a Deferred Compensation Plan for the employees of the City of West Covina in
January 1980 by Resolution No. 6037; and
WHEREAS, the Deferred Compensation Plan, as adopted, was written
to comply with the existing Internal Revenue Code and Rules and Regulations
promulgated thereunder, and
WHEREAS, further revision of the Plan is now required to comply with
Section 457 of the Internal Revenue Code as amended by the Internal Revenue
Code of 1986, and
WHEREAS, an amended Deferred Compensation Plan is being submitted
in its entirety in order to qualify as an eligible Deferred Compensation Plan
within the scope of the Internal Revenue Code, Section 457.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of
West Covina as follows:
Section 1. The City of West Covina Deferred Compensation Plan, a
copy of which is attached as Exhibit A, is hereby adopted and approved in its
entirety.
Section 2. The City Manager of the City of West Covina shall be
appointed to administer the Deferred Compensation Plan and will hereafter be
referred to as the "Committee".
Section 3. The City Clerk shall certify to the adoption of this
resolution and thenceforth and thereafter the same shall be in full force and
effect.
ATTEST:
APPROVED AND ADOPTED this 24th day of October, 1988.
City Cl9fk
J
Mayor
I HEREBY CERTIFY that the foregoing Resolution No. 8256 was
duly adopted by the City Council of the City of West Covina at a regular
meeting thereof held on the 24th day of October 1988, by the following vote
of the Council:
AYES: COUNCILMEMBERS
NOES: COUNCILMEMBERS
ABSENT: COUNCILMEMBERS
• APPROVED AS TO FORM:
Tarozzi, McFadden, Lewis, Bacon, Manners
None
None
L�4 aR _CA_ 6� . `Y'°_� A ssq-, ,
City Attorney
City erk
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