95-11 v RESOLUTION NO. 95-11
A RESOLUTION OF THE CITY OF ATLANTIC BEACH,
FLORIDA, PROVIDING FOR THE ESTABLISHMENT OF A
PRE-TAX DEDUCTION PLAN FOR EMPLOYEE
CONTRIBUTIONS TO THE CITY'S PENSION PLAN
WHEREAS, the City of Atlantic Beach has an interest in the
future retirement of its employees and wishes to improve the
retirement system whenever feasible; and
WHEREAS, the Pension Board of Trustees has solicited and
reviewed the cost calculations of a plan to allow pre-tax
contributions to purchase pension benefits; and
WHEREAS, the City Commission has expressed an interest in
establishing a pre-tax deduction plan for the benefit of employees.
NOW, THEREFORE, BE IT RESOLVED that the Atlantic Beach City
Commission endorses the pre-tax deduction plan and hereby
authorizes funding to be provided in the City' s operating budget
for FY 1994/95 to provide for pre-tax deductions for employee
contributions to the pension plan.
Adopted by the City commission of the City of Atlantic Beach,
Florida, this /3 day of /t)/.1/Lc Gj , 1995.
7.? ,101r
Lyman T. Fletcher
Mayor/Presiding Officer
ATTES T:
M reen King, MC
City Clerk
Approved as to form and correctness:
.O/P/'►
flan C ensen, Esquire
City .tcrney