HomeMy WebLinkAbout1981-05-26; City Council; Resolution 6532Ah
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RESOLUTION NO 6532
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CARLSBAD, CALIFORNIA, AUTHORIZING THE CITY MANAGER
TO EXECUTE AN ADMINISTRATIVE AGREEMENT WITH THE AETNA
LIFE INSURANCE AND ANNUITY COMPANY FOR THE PURPOSE OF
PROVIDING-A DEFERRED COMPENSATION PLAN.
Whereas the City of Carlsbad has established a Deferred
Compensation Investment Plan for all full-time City employees;
and
Whereas this Plan authorized the City to select various
investment plains or vehicles for the deposit of deferred earn-
ings; and
Whereas the Aetna Life Insurance and Annuity Company offers
such a plan; and
Whereas i-t is in the City's interest to offer the Aetna
Plan to the Ciity's employees;
NOW, THEREFORE, BE IT RESOLVED by the City Council of the
City of Carlsbad, that the City Manager is hereby authorized to
enter into the attached agreement with the Aetna Life Insurance
and Annuity company for the provision of deferred compensation
investment vehicles. The City Manager or his designee will act
as the City's Administrator in all deferred compensation
matters.
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adj owned PASSED, A.PPROVED AND ADOPTED at a/regular meeting of the
City Council of the City of Carlsbad held on the 26th . day of
May - , 1981, by the following vote, to wit:
AYES :
NOES: Naie
ABSENT : Council Mer Casler
Coimcil Fders Packard, hear, Lewis and Kulchicn
'/RONALD C. PACKARD, Mayor
ATTEST:
& ALE HA L. RA
(SEAL)