R-0710-81 RESOLUTION NO. 710-81
A RESOLUTION ESTABLISHING A DEFERRED COMPENSATION
PLAN THROUGH THE INTERNATIONAL CITY MANAGEMENT
ASSOCIATION RETIREMENT CORPORATION.
WHEREAS, Miami Shores has in its employ certain personnel ; and
WHEREAS, said employees are and will be rendering valuable services
to Miami Shores Village; and
WHEREAS, Miami Shores Village has considered the establishment of
a Deferred Compensation Plan for the said employees made available to Miami
Shores Village and to said employees by the International City Management
Association Retirement Corporation; and
WHEREAS, said employees often .are unable to acquire retirement
security under other existing and available retirement plans due to the
contingencies of employment mobility; and
WHEREAS, Miami Shores Village receives benefits under said plan by
being able to assure reasonable retirement security to said employees by being
more able to attract competent personnel to its service, and by increasing
its flexibility in personnel management through elimination of the need for
continued employment for the sole purpose of allowing an employee to qualify
for retirement benefits.
NOW, THEREFORE, BE IT RESOLVED that Miami Shores Village establish
said Deferred Compensation Plan for said employees and hereby authorizes its
Mayor to execute the Deferred Compensation Plan with the International City
Management Association Retirement Corporation, attached hereto as Appendix A; and
IT IS FURTHER RESOLVED that the Village Manager may, on behalf of the
Village, execute all Joinder Agreements with said employees and other eligible
officials and officers, which are necessary for said persons participation in
the Plan, an example of which appears at Appendix B, except that any Joinder
Agreement for said designated official shall be executed by the Mayor,,
PASSED and ADOPTED on this 3rd day of March 1981.
ATTEST:
Henry A. Ev
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