HomeMy WebLinkAbout1049 - APPROVING the amended and restated fire and police money purchase pension plan and trust agreement to meet tax compliance i...Manager to execute it on the City's behalf RESOLUTION NO. 1049
A RESOLUTION APPROVING THE AMENDED AND
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 has been amended on numerous prior occasions; and
WHEREAS, the Plan's trustees have proposed additional amendment and
further proposed that the Plan be restated in order to maintain compliance with federal tax
codes; and
WHEREAS, all proposed changes are permissible under current pension laws
applicable to the "Plan"; and
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 maybe
necessary, the Amended and 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.
ADOPTED this 20`s day of January, 200
Mayor
Attest:
Director of Finance and Recor
Ex-officio City Clerk