HomeMy WebLinkAbout1130 - APPROVE the amended and restated Fire and Police Money Purchase Pension Plan Trust AgreementA RESOLUTION APPROVING THE 2013 RESTATED
FIRE AND POLICE MONEY PURCHASE PENSION PLAN
AND TRUST AGREEMENT OF THE CITY OF BOULDER
AND AUTHORIZING THE CITY MANAGER TO
EXECUTE IT ON THE CITY'S BEHALF
WHEREAS, effective as of January 1, 1983, the City adopted a qualified
retirement plan know as the "Fire and Police Money Purchase Pension Plan and Trust
Agreement of the City of Boulder" (hereinafter the "Plan"); and
WHEREAS, the Plan and all amendments were incorporated into the 2009
Restated Plan in order to make it more concise and comprehensible and approved by the
city by Resolution No. 1049; and
WHEREAS, the Plan's trustees have proposed the First Amendment to the
Restated Plan regarding the distribution of benefits to particpant's that are totally or
occupationally disabled; and
WHEREAS, all proposed changes are permissible under current pension laws
applicable to the Plan; and
WHEREAS, all applicable changes have been approved by a favorable vote by
at least sixty -five percent of the employees participating in the Plan have approved the
changes as is required by the Plan.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL
OF THE CITY OF BOULDER THAT:
Subject to any approval by the Fire and Police Pension Association which may be
necessary, 2013 Restated Fire and Police Money Purchase Pension Plan and Trust
Agreement is hereby approved and the City Manager is authorized to execute it on the
City's behalf.
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ADOPTED this 491 day of 2013
2 Q�
Mayor
Attest:
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City Clerk