HomeMy WebLinkAbout1995-16 Adopting a TOV Deferred Compensation Plan and Terminating the Deferred Compensation Plan with Great West and ICMARESOLUTION NO. 16
SERIES OF X995
A RESOLUTION ADOPTING A TOWN OF VAIL DEFERRED COMPENSATION PLAN AND
TERMINATING THE DEFERRED COMPENSATION PLANS WITH GREAT WEST AND ICMA
WHEREAS, the Town of Vail established a deferred compensation plan in April of 1981; and
WHEREAS, there has been available to employees the opportuni#y to participate in the
ICMA and Great West Deferred Compensation Plans; and
WHEREAS, the Town of Vail has determined that the establishment of a Town of Vail
Deferred Compensation Plan and the termination of participation in ICMA and Great West Deferred
Compensation Plans will provide a program with better returns at a reduced cost.
NOW, THEREFORE, be it resolved by the Town Council of the Town of Vail, Colorado that:
1. The Town of Vail adopts the deferred compensation plan to be known as the Town
of Vail Deferred Compensation Plan and appoin#s the Town of Vail Pension Board to serve as
administrator thereto.
2. The Town of Vail hereby authorizes the Pension Board and Town Manager to
execute all necessary documents to establish the Town of Vail Deferred Compensation Plan.
INTRODUCED, READ, APPROVED AND ADOPTED this ~ day of July, 199'1.
Margar A. Osterfoss, Mayor ~
ATTEST; ~`~~o~1N°~~OFrrrlY/9i`~''%
Lon Aker, Deput~T wn ~erTc
C,~LOiRAQOa~C:IRE50 W 94.18 i
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ResoluFipn 1Vo. 16, Sefies of 1995