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I
RESOLUTION
No. 74 - 140
r,;.,.
WHEREAS, the International City Management Association Retirement
ird .0,
WHEREAS, the City of Clearwater has certain employees rendering
valuable services and not eligible for participation in the City pension plan;
and
WHEREAS, the City of Clearwater wishes to provide a supplemental
retirement income to employees in the City pension plan who also wish to defer
part of their salary; and
Corporation has established a Deferred Compensation Plan in which the City
of Clearwater may participate; and
WHEREAS, the City is able to provide its employees with certain
benefits under this Plan which assure those participating employees reasonable
retirement security; and
WHEREAS, the City receives benefits from this Plan by increasing its
ability to attract and obtain competent personnel and by increasing its flexibility
in personnel management;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY
COMMISSION OF THE CITY OF CLEARWATER, FLORIDA,
IN SESSION DULY AND REGULARLY ASSEMBLED, AS
FOLLOWS:
1, That the City Commission hereby authorizes participation by the
City of Clearwater in the Deferred Compensation Plan established by the
International City Management Association Retirement Corporation, and also
authorizes execution by the proper City officials of any and all agreements and
instruments required for such participation.
Z. That a certified copy of this Resolution be forwarded to the Inter-
national City Management Association Retirement C
PASSED AND ADOPTED this 16th d?
Attes Mayor-
C' Clerk
on.
r, X D. 1974.
88
? i
Reso 974-140
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