HomeMy WebLinkAboutResolution 08-83 1
RESOLUTION NO. 8-83
' RESOLUTION AMENDING EXISTING DEFERRED COMPENSATION PLAN
ISSUED BY HARTFORD VARIABLE ANNUITY LIFE INSURANCE COMPANY
WHEREAS, the Atascadero City Council authorized entering into
a Deferred Compensation Plan issued by Hartford Variable Annuity
Life Insurance Company by adopting Resolution No. 27-81 ; and
WHEREAS, a requirement exists to update certain portions of
the existing Plan due to changes issued by Internal Revenue Code
Section 457 ; and
1 WHEREAS, such changes have been incorporated by a complete
update of the Deferred Compensation Plan.
NOW, THEREFORE , BE IT RESOLVED that the City Council does
hereby adopt the updated version of the Deferred Compensation
Plan , effective this date , as the current copy of such Plan.
' On motion by Councilman Stover and seconded by Councilman
Molina , the foregoing resolution is hereby adopted in its
entirety on the following vote:
AYES: Councilmen Mackey, Molina, Stover, and Mayor Nelson
NOES: None
ABSENT. Councilman Wilkins
ADOPTED: February 28 , 1983
ROLFE NoELSON, Mayor
ATTEST:
' PATSY A. I R, Deputy, City Clerk
APPROVED AS TO FORM:
1
1 ALLEN GRIMM, City Attorney
APPROVED AS TO CONTENT:
AMRAY r.�WARDEN�, Ci�tyManageir