Resolution - 8925RESOLUTION 8925
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 amended the
same by Resolution No. 8256 in October 1988; and Resolution No. 8479
in March of 1990; and
WHEREAS, the Deferred Compensation Plan, as adopted,
complies with the existing Internal Revenue Code and Rules and
Regulations promulgated thereunder, 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 and to include changes required or allowed by law which
tailor the plan to the needs of West Covina employees.
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, is hereby adopted and approved it its entirety, and, as required
by the plan, notice of the amendments and a copy of the plan, if
requested, will be provided to participants.
Section 2. The City Clerk shall certify to the adoption
of the resolution and thenceforth and thereafter the same shall be in
full force and effect.
APPROVED AND ADOPTED this 16th day of February, 1993.
Mayor
ATTEST:
/ City"Clerk
APPROVED AS TO FORM:
Elizabeth L. Hanna
City Attorney
I, Janet Berry, hereby certify that the foregoing Resolution was duly adopted
•by the City Council of West Covina at a regular meeting held on the 16th day
of February, 1993, by the following vote:
AYES: Manners, Jennings, Herfert, McFadden, Wong
NOES: None
ABSENT: None
DEFECOMP.AGE