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RESOLUTION NO. 11,027
A RESOLUTION TO AMEND FOUR RESOLUTIONS ON
RETIREMENT PLAN ADMINISTRATION; TO CHANGE
THE PLAN COORDINATOR FROM THE FINANCE
DIRECTOR TO THE RISK MANAGER, HUMAN
RESOURCES DEPARTMENT; AND FOR OTHER
PURPOSES.
WHEREAS, the Board of Directors passed five resolutions in 1997 -1999 to
allow department heads, assistant department heads, department division heads, and the
city attorney and staff, to participate in the ICMA Retirement Corporation, Nationwide
Retirement Solutions (formerly PEBSCO), or U.S. Conference of Mayors retirement
plans in lieu of participation in the City's non - uniform employee's pension plan; and
WHEREAS, the Finance Director was designated as the coordinator for these
small plans in four of these resolutions (the fifth did not reference the Finance Director
but simply made reference to another one of the four); and
WHEREAS, the Finance Director and the Human Resources Department
Director have agreed that these pension duties can be coordinated by the Risk
Manager, Human Resources Department who has similar duties for the City's non-
uniform employee's retirement plan; and
WHEREAS, such action requires the Little Rock Board of Directors to amend
four resolutions to authorize the change of responsibilities.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF
DIRECTORS OF THE CITY OF LITTLE ROCK, ARKANSAS:
SECTION 1. Section 4. of Little Rock Ark. Res. No. 9,987 (May 6, 1997)
is hereby amended to read as follows:
"The Risk Manager, Human Resource Department, shall be the coordinator for
the Plan; shall receive necessary reports, notices, etc. from the ICMA Retirement
Corporation or the ICMA Retirement Trust; and shall cast, on behalf of the City, any
required votes under the ICMA Retirement Trust."
SECTION 2. Section 5 of Little Rock, Ark. Res. No. 10,161 (December 16,
1997) is hereby amended to read as follows:
" The Risk Manager, Human Resources Department, shall be the coordinator for
the Plan, shall receive necessary reports, notices, etc. from the ICMA or the ICMA
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Retirement Trust; and shall cast, on behalf of the City, any required votes under the
ICMA Retirement Trust."
SECTION 3. Section 5 of Little Rock, Ark. Res. No. 10,185 (January 20,
1998) is hereby amended to read as follows:
" The Risk Manager, Human Resources Department, shall be the coordinator for
the Plan, shall receive necessary reports, notices, etc. from the PEBSCO (now
"Nationwide Retirement Solutions ") or the USCM Retirement Trust; and shall cast, on
behalf of the City, any required votes under the USCM Retirement Trust."
SECTION 4. Section 4 of Little Rock, Ark. Res. No. 10,733 (December 20,
1999) is hereby amended to read as follows:
" The Risk Manager, Human Resources Department" shall be the coordinator for
the Plan; shall receive necessary reports, notices, etc. from Nationwide Retirement
Solutions or ICMA Retirement Corporation; and shall cast, on behalf of the City, any
required votes under the U.S. Conference of Mayors' Retirement Trust."
ADOPTED: March 20, 2001
ATTEST:
NANCY "OD
CITY CLERK
APPROVED AS TO FORM:
THOMAS M. CARPENIVR
CITY ATTORNEY
APPROVED:
DAILEY
MAYOR