RESOLUTION: 2008-79

SUBJECT: City of Lakewood Police Money Purchase Pension Plan and Trust Agreement.

ADDRESS: 480 South Allison Parkway, Lakewood, Colorado 80226

RECOMMENDATION: City Council to approve and adopt by resolution the Seventh Amendment to the City of Lakewood Police Money Purchase Pension Plan and Trust Agreement.

FUNDING SOURCE: N/A

SUMMARY AND BACKGROUND OF SUBJECT MATTER: The City of Lakewood Police Money Purchase Pension Plan and Trust Agreement has been revised to provide for certain mandatory technical tax law changes contained in the final Treasury Regulations under Internal Revenue Code Section 415, effective as of January 1, 2008. The required tax law changes contained in the Amendment will not result in any additional funding obligations for the City, and will not impact the benefits of the participants in the Plan.

RESOLUTION ADOPTION DATE: December 8, 2008

ORIGINATED BY: Ken Milano, Director of Employee Relations

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

DOCUMENTS ATTACHED: Resolution 2008-79
Redline Version
Exhibit "A" Final Version

SUBMITTED BY:
Ken Milano, Director of Employee Relations

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

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