81-12 v' RESOLUTION N0. 81-12
WHEREAS, the City of Atlantic Beach has in its employ certain
personnel; and
WHEREAS, said employee is and will be rendering valuable ser-
vices to the City of Atlantic Beach; and
WHEREAS, the City of Atlantic Beach has considered the establish-
ment of a Deferred Compensation Plan for the said employee made available
to the City and to said employee by the International City Management
Association Retirement Corporation; and
WHEREAS, said employee often is unable to acquire retirement
security under other existing and available retirement plans due to the
contingencies of employment mobility; and
WHEREAS, the City receives benefits under said plans by being
able to assure reasonable retirement security to said employee by being more
able to attract competent personnel to its service, and by increasing its
flexibility in personnel management through elimination of the need for
continued employment for the sole purpose of allowing an employee to qualify
for retirement benefits.
„*.""'"""^,~ NOW, THEREFORE, BE IT RESOLVED that the City Commission of the
City of Atlantic Beach establish said Deferred Compensation Plan for said
employees and hereby authorizes its Mayor to execute the Deferred Compensa-
tion Plan with the International City Management Association Retirement
Corporation, attached hereto as Appendix A; and
IT IS FURTHER RESOLVED that the City Treasurer may, on behalf of
the City, execute all 'Joinder Agreements with said employee and other
eligible officials and officers, which are necessary for said persons parti-
cipation in the Plan, an example of which appears at Appendix B, except that
any Joinder Agreement for said designated official shall be executed by the
Mayor.
Passed by the City Commission August 24, 1981
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ATTEST:
Adelaide R. Tucker, City Clerk