Section 107-736; Res. 252-06; Adopting certain amendments to the ICMA Retirement Corporation deferred compensation plan


Council Bill No. R 252-06

     A RESOLUTION

adopting certain amendments to the ICMA Retirement Corporation deferred compensation plan.

    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.