HomeMy WebLinkAbout18067 - RESOLUTIONS - 3/17/1993 RESOLUTION NO. 18067
OF THE CITY COUNCIL OF THE CITY OF
PALM SPRINGS APPROVING A REVISED
DEFERRED COMPENSATION PLAN.
WHEREAS the City Council originally approved a Deferred
Compensation Plan for City employees on January 2, 1975, and
WHEREAS the various rules and regulations affecting such plans has
changed substantially over the years, and
WHEREAS it is in the City's best interests to rescind the old plan
and adopt a new one; and
WHEREAS, a standard plan document has been prepared by ICMA
Retirement Corporation, one of the City's deferred comp providers
NOW THEREFORE BE IT RESOLVED by the City Council of the City of
Palm Springs, as follows:
Section 1. That Resolution 14730, as amended, be rescinded.
Section 2 . That the "City of Palm Springs Deferred Compensation
Plan, " dated March 17, 1993 , which is on file in the
office of the City Clerk, is hereby approved.
ADOPTED this 17th day of March , 1993 .
AYES: Members Hodges, Lyons, Reller-Spurgin and Mayor Maryanov
NOES: None
ABSENT: Member Schlendorf
ATTEST: CITY OF PA 7ig
By --/City Clerk
REVIEWED & APPROVED
18�
I