Resolution 2002-65BG REQUEST FOR COUNCIL ACTION

RESOLUTION: 2002-64

SUBJECT: City of Lakewood Employees Money Purchase Pension Plan and Trust Agreement and the City of Lakewood Deferred Compensation Plan and Trust Agreement.

RECOMMENDATION: City Council approve and adopt by resolution the amendments to the Lakewood Employees Money Purchase Pension Plan and Trust Agreement and the City of Lakewood Deferred Compensation Plan and Trust Agreement to comply with the Economic Growth and Tax Relief Reconciliation Act of 2001.

SUMMARY AND BACKGROUND OF SUBJECT MATTER: In 2001, the Economic Growth and Tax Relief Reconciliation Act was enacted and became effective January 1, 2002. The Lakewood Employees Money Purchase Pension Plan and Trust Agreement and the City of Lakewood Deferred Compensation Plan and Trust Agreement have been revised to comply with this Act and to implement its provisions.

RESOLUTION ADOPTION DATE: September 23, 2002

ORIGINATED BY: Ken Milano, Director of Employee Relations

STAFF PERSON RESPONSIBLE: Ken Milano, Director of Employee Relations, 303-987-7701

DOCUMENTS ATTACHED: Resolution 2002-64
Deferred Compensation Plan and Trust Agreement
Money Purchase Pension Plan and Trust Agreement

SUBMITTED BY:
Ken Milano, Director Employee Relations

REVIEWED BY:
Joni Inman, Director of the Mayor & City Manager's Office
Michael J. Rock, City Manager


Deferred Compensation Plan and Trust Agreement
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Money Purchase Pension Plan and Trust Agreement
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