HomeMy WebLinkAboutRES 1996-35 - Board WES\i/`L UT1f I 11'.R :N -9 1 1
Ole THE
11NUGKFE DONNER P'UBLiC UTILITY D1S RlrCT
AME11tMG THE DEFERRED eOMf'ENSAT1011t PLAN
WHEREAS, the Truckee Donner Public Utility District has employees rendering valuable services,
and
WHEREAS, the District has established a deferred compensation plan for such employees that
serves the interest of the District by enabling it to provide reasonable retirement security for its
employees, by providing increased flexibility in its personnel management system and by assisting
in the attraction and retention of competent personnel; and
WHEREAS, the District has determined that the continuance of the deferred compensation plan
will serve these objectives; and
WHEREAS, amendments to the Intemal Revenue Code have been enacted that require changes
to the structure of and allow enhancements of the benefits of the deferred compensation plan;
NOW THEREFORE BE IT RESOLVED by the Board of Directors that the District hereby amends
and restates the deferred compensation plan in the form of the 1CMA Retirement Corporation
Deferred Compensation Plan and Trust.
BE IT FURTHER RESOLVED that the assets of the plan shall be held in trust, with the District
serving as trustee, for the exclusive benefit of the plan participants and their beneficiaries, and the
assets shall not be diverted to any other purpose. The Trustee's beneficial ownership of plan assets
held in the 1CMA Retirement Trust shall be held for the further exclusive benefit of the plan �
participants and their beneficiaries;
BE IT FURTHER RESOLVED that the plan will not permit loans.
BE IT FURTHER RESOLVED that the District hereby agrees to serve as trustee under the plan.
PASSED AND ADOPTED by the Board of Directors at a meeting duly called and held within the
District on the fourth day of December 1996 by the following roll call vote:
AYES: Aguera, Jones, Maass, Sutton and Hemig.
NOES: None.
ABSENT. None.
TRUCK DONNER PUB IC UTILITY DISTRICT
By
Peter L. Ho
A , eister, Cl irk of the Board
TT
san M. Craig, Deputy DisW Clerk
ATTACHMENT D: SUGGESTED AFFIRMATIVE STATEMENT A
FOR AMENDING A DEFERRED COMPENSATION PLAN
,,..., Name of Employer: _?—. �J �� ,7Jpyiy�c-,p State: __ 3 0
Employer Plan Number
As a duly authorized agent of the above named Employer, I hereby
AMEND and restate the Employer's deferred compensation plan (the "Plan") in the form of: (Select one)
R The ICMA Retirement Corporation Deferred Compensation Plan and Trust
❑ The Plan and Trust provided by the Employer (executed copy attached hereto).
SPECIFY that the assets of the Plan shall be held in trust, with the Employer serving as trustee, for the exclusive
benefit of the Plan participants and their beneficiaries, and the assets shall not be diverted to any other purpose.
The Employer's beneficial ownership of Plan assets held in the ICMA Retirement Trust shall be held for the further
exclusive benefit of the Plan participants and their beneficiaries;
STIPULATE that the Plan: (Select one)
❑ Will permit loans
Will not permit loans
ai
AND AFFIRM that the Employer hereby agrees to serve as trustee under the Plan.
'c
a�
c
DATE:
0 (Title of Designated Agent)
It
a (Signature)
rn
s
Mail in the enclosed postage-paid envelope or to:
�- ICMA Retirement Corporation • Attention: Implcnientation Analvst
777 North Capitol Street NE • Washington, DC 20002-4240