Series 107 2006 ORDINANCES/RESOLUTIONS
Section 107-736; Res. 252-06; Adopting certain amendments to the ICMA Retirement Corporation deferred compensation plan
Council Bill No.
adopting certain amendments to the ICMA Retirement Corporation deferred compensation
WHEREAS, the City of Columbia (Employer) maintains
a deferred compensation plan for
its employees which is administered by the ICMA Retirement Corporation (ICMA-RC); and
WHEREAS, ICMA-RC has recommended changes in the plan to provide
for reduction of the
plan administration fee and elimination of the mutual funds fee contingent upon Employer s use
of EZLink for enrollment and contribution processing.
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF COLUMBIA,
MISSOURI, AS FOLLOWS:
SECTION 1. The City Manager is hereby
authorized to execute an amendment to the
agreement with ICMA Retirement Corporation as it relates to the deferred compensation plan.
The form and content of the agreement shall be substantially as set forth in "Exhibit A" attached
hereto and made a part hereof as fully as if set forth herein verbatim.
ADOPTED this 20th day of November, 2006.