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City of San Leandro <br />Meeting Date: September 7, 2021 <br />Resolution - Council <br />Agenda Section:File Number:21-513 CONSENT CALENDAR <br />Agenda Number: <br />TO:City Council <br />FROM:Fran Robustelli <br />City Manager <br />BY:Susan Hsieh <br />Finance Director <br />FINANCE REVIEW:Susan Hsieh <br />Finance Director <br />TITLE:RESOLUTION of the City of San Leandro City Council Authorizing an <br />Amendment and Restatement of the City of San Leandro 457(b) Deferred <br />Compensation Plan to Include the Roth Contribution Option <br />WHEREAS, the City established a Deferred Compensation Plan (“Plan”) in 1983; and <br /> <br />WHEREAS, the City desires to amend and restate the Plan to reflect the addition of the <br />Roth Contribution option; and <br />WHEREAS, plan participants may elect to make after-tax contributions into individual <br />retirement accounts. <br /> <br />NOW, THEREFORE, the City Council of the City of San Leandro does RESOLVE as <br />follows: <br /> <br />That the amendment and restatement of the City of San Leandro 457(b) Deferred <br />Compensation Plan to include the Roth Contribution Option are approved, and the effective date <br />of the amended and restated Plan shall be September 1, 2021. <br />Page 1 City of San Leandro Printed on 9/2/2021 <br />492