HomeMy WebLinkAbout1991-06-25; City Council; Resolution 91-191K-7
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RESOLUTION NO. g-191
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CARLSBAD,
CALIFORNIA, FOR APPROVING ESTABLISHMENT OF A QUALIFYING
MEMBERS NOT PARTICIPATING IN PUBLIC EMPLOYEES RETIREMENT
SYSTEM.
RETIREMENT SYSTEM FOR PART-TIME EMPLOYEES AND COUNCIL
WHEREAS, Section 11 332 of the Omnibus Budget Reconciliation
Act of 1990 (OBRA) amended the Internal Revenue Code under
Section 3121 to mandate coverage of state and local government
employees under Social Security if they are not covered by a
qualifying retirement system; and
WHEREAS, the City of Carlsbad has in its employ part-time
employees; and
WHEREAS, the City Manager recommends and the City Council
concurs, that the City establish a qualifying retirement system
through the use of a 457 Plan as established under Section 457 of
the Internal Revenue Code.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the
City of Carlsbad, California, as follows:
~ 1. That the above recitation is true and correct.
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2. That in compliance with OBRA of 1990, the City Council
authorizes and directs the City Manager to establish a 457 Plan as a
qualifying retirement system for part-time employees and council
members not covered under PERS.
3.
execute Participation Agreements with eligible officers, officials
and employees, and all other Documents and Agreements necessary
to implement and administer the Plan.
That the City Manager is hereby appointed to administer and to
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PASSED, APPROVED, AND ADOPTED at a regular meeting of the
Carlsbad City Council held on the 25th day of June 1
1991, by the following vote, to wit:
AYES:
NOES: None
ABSENT: Council Member Nygaard
Council Members Lewis, Kulchin, Larson, and Stanton
&LL---- CLAUDE A. L WIS, Mayor
ATTEST:
----- 1. dTwz ---_ A*RAUTENKRANz, cia
(SEAL)