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8E Consent 2010 0607
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8E Consent 2010 0607
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Last modified
6/4/2010 9:51:32 AM
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6/4/2010 9:51:30 AM
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Staff Report
Document Date (6)
6/7/2010
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_CC Agenda 2010 0607
(Reference)
Path:
\City Clerk\City Council\Agenda Packets\2010\Packet 2010 0607
Reso 2010-068
(Reference)
Path:
\City Clerk\City Council\Resolutions\2010
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IN THE CITY COUNCIL OF THE CITY OF SAN LEANDRO <br />RESOLUTION N0.2010- <br />RESOLUTION REPEALING AND RE-ENACTING TITLE 10, CHAPTER 1 OF THE SAN <br />LEANDRO ADMIl~IISTRATIVE CODE RELATED TO CITY OF SAN LEANDRO 457(b) <br />DEFERRED COMPENSATION PLAN, AS AMENDED AND RESTATED <br />WHEREAS, the City established a Deferred Compensation Plan ("Plan") in 1983 and <br />codified the Plan as Title 10, Chapter 1 ofthe San Leandro Administrative Code; and <br />WHEREAS, the City desires to amend and restate the Plan to reflect recent legislative <br />changes and prior Plan operation. <br />NOW, THEREFORE, the City Council of the City of San Leandro does RESOLVE as <br />follows: <br />1. That Title 10, Chapter 1 of the San Leandro Administrative Code entitled "Deferred <br />Compensation Plan" is hereby repealed. <br />2. That a new Title 10, Chapter 1 of the San Leandro Administrative Code entitled <br />"City of San Leandro 457(b) Deferred Compensation Plan," a copy of which is attached hereto and <br />made a part hereof, is hereby re-enacted. <br />3. That the effective date of this amended and restated Plan shall be January 1, 2010, <br />except for those provisions that are designed to bring the Plan into compliance with the regulations <br />under Internal Revenue Code Section 457(b). <br />Introduced by Councilmember and passed and adopted this 7th <br />day of June, 2010, by the following called vote: <br />Members of the Council <br />AYES: <br />NOES: <br />ABSENT: <br />ATTEST: <br />Marian Handa, City Clerk <br />
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