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REQUEST FOR COUNCIL ACTION
RESOLUTION: 2009-56
SUBJECT: City of Lakewood Employees Money Purchase Plan & Trust Agreement
ADDRESS: 480 South Allison Parkway, Lakewood, Colorado 80226
RECOMMENDATION: City Council approve and adopt by resolution the Eighth Amendment to the City of Lakewood Employees Money Purchase Pension Plan & Trust Agreement.
FUNDING SOURCE: N/A
SUMMARY AND BACKGROUND OF SUBJECT MATTER: The City of Lakewood desires to amend the City of Lakewood Employees Money Purchase Pension Plan & Trust Agreement to incorporate mandatory tax law changes from the Heroes Earnings Assistance and Relief Tax Act of 2008 (the “HEART Act”) and the Worker, Retiree, and Employer Recovery Act of 2008 (“WRERA”). In addition, the City of Lakewood desires to amend the City of Lakewood Employees Money Purchase Pension Plan & Trust Agreement to incorporate provisions of the City Manager’s Employment Agreement.
RESOLUTION ADOPTION DATE: October 26, 2009
ORIGINATED BY: Ken Milano, Director of Employee Relations
STAFF PERSONS RESPONSIBLE: Ken Milano, Director of Employee Relations
303-987-7701
DOCUMENT(S) ATTACHED: Resolution 2009-56
SUBMITTED BY:
Ken Milano, Director of Employee Relations
REVIEWED BY:
Joni Inman, Director, Mayor and City Manager’s Office
Kathleen E. Hodgson, City Manager
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