HomeMy WebLinkAbout10167I RESOLUTION NO. 10,167
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3 A RESOLUTION ADOPTING AN AMENDED AND
4 RESTATED NON - UNIFORM EMPLOYEES PENSION
5 PLAN AND TRUST
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7 WHEREAS, the City of Little Rock has previously adopted the City of Little Rock
8 Non - Uniform Employees Pension Plan and Trust which required eligible employees to
9 contribute on an after -tax basis; and
10 WHEREAS, it is desired that employee contributions be made on a before -tax basis;
11 NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS
12 OF THE CITY OF LITTLE ROCK, ARKANSAS:
13 SECTION 1. That Eligible Employees shall agree to reduce eligible compensation as
14 set forth in the amended and restated plan;
15 SECTION 2. That the City of Little Rock will assume the obligation to pay the
16 amounts deducted from Employees' pay and shall contribute such amounts to the plan;
17 SECTION 3. That such amounts are intended to be "picked up" by the City of Little
18 Rock and thus are intended to be nontaxable to Employees for federal income tax purposes;
19 SECTION 4. That the City of Little Rock does adopt the amended and restated plan.
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21 ADOPTED: December 30, 1997
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23 ATTEST:
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26 ��lyy7ed
ROBBIE HANCOCK
27 CITY CLERK
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29 APPROVED AS TO FORM:
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31
THOMAS M. CA EN
32 CITY ATTORNEY TV
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APPROVED:
JIM ILEY
MA R
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