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RESOLUTION NO. 7,927
A RESOLUTION AMENDING RESOLUTION NO.
61482, AS AMENDED BY RESOLUTION NO.
71630 APPROVING THE ESTABLISHMENT OF A
DEFINED CONTRIBUTION PLAN AS
RETIREMENT FOR NON - UNIFORMED EMPLOYEES
OF THE CITY OF LITTLE ROCK, ARKANSAS,
AND FOR OTHER PURPOSES.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS
OF THE CITY OF LITTLE ROCK, ARKANSAS:
SECTION 1. Section 2.1 entitled ELIGIBLE EMPLOYEES OF
EXHIBIT A to Resolution 6,482, shall be amended to read as
follows:
Section 2.1 Eligible Employees
All permanent non - uniformed employees of
the City of Little Rock under the administrative
control of the City Manager shall be eligible.
The employees of any other agency
receiving funds under the statutory authority of
the Little Rock Board of Directors and the
employees of any agency, commission, or authority
created by the City of Little Rock pursuant to
statutory authority to do so may be included upon
approval of a petition to said Board of
Directors.
(ADOPTED: April 5, 1988
ATTES .
G
Z.
CITY LERK JANE ECH
MARK STODOLA, CITY ATTORNEY
/ Of
103
2 -a.W
6 -3
City of Little Flock
a ' Mark Stodola
gf%�4 k City Attorney
TO:
FROM:
BY:
RE:
WP
M E M O R A N D U M
TOM DALTON
CITY MANAGER,'
MARK STODOA
CITY ATTO
THOMAS M. CARPENTER
ASSISTANT CITY ATTORNEY
City Hall
Markham at Broadway
Little Flock, Arkansas 72201
501/371 -4527 10 4
EXTENSION OF NON - UNIFORMED EMPLOYEES RETIREMENT
PLAN TO EMPLOYEES OF THE LITTLE ROCK REGIONAL AIRPORT
DATE: FEBRUARY 5, 1988
The City is currently negotiating a contract with the Little
Rock Airport Commission to extend benefits of the non- uniformed
employees retirement plan to Airport employees.
In reviewing the contract we determined that the program is not
available to the Airport employees under the terms as they are
presently drafted. Resolution 6,482 (December 16, 1980)
carefully defined eligible employees. For employees of outside
agencies there is a requirement that the agency actually receive
funds under the statutory authority of the Board of Directors.
The Airport Commission does not directly receive funds from the
City, and, therefore, its employees are not eligible for
inclusion in this program.
Under the AETNA contract, the Airport employees could have
participated in the plan at its inception had they chosen to do
so. However, because the Airport chose not to participate, it
has waived its right of participation and now must have its
application for membership approved by this Board. This
amendment facilitates the ability of this Board to grant the
petition.
The resolution attached to this memorandum adds language to
Section 2.1 of the current retirement plan that would extend
coverage to the Airport and similar agencies that wish to join
the City. The resolution amends Resolution 6,482 and Resolution
7,630 (July 15, 1986) which are the only two resolutions
concerning the retirement plan that will be affected.
M IN
M M M M
I have attached to this memorandum the resolution in a form to
be approved and a copy of the resolution with the amending
language in italics. Please, note that approval of the resolution
does not automatically enroll the Airport into the retirement
plan. A separate contract will have to be prepared to accomplish
this purpose. If there are any questions please do not hesitate
to contact me.
MAS /vw
105