HomeMy WebLinkAboutRESO 982720190423 tjh 0201016
Resolution No. 9827
Resolution of the Council of the City of Palo Alto Amending and Restating the
City of for Regular Employees, and
Incorporating Employer Contributions, Loan Provision and 457 Roth Provision,
as Amended
A. The Council has previously approved and adopted the City of Palo Alto Deferred
City of Palo Alto with
retirement benefits.
B. The Council does hereby declare the intention of the City of Palo Alto to continue the
Plan, but reserves the right to terminate or amend the Plan at any time.
C. The members of the Council are hereby jointly and severally authorized to take such
actions and to execute such documents as they deem necessary or desirable in order
to carry out the intent of the foregoing resolutions and required under the Plan to
make the Plan fully effective in accordance with its terms and intent.
NOW, THEREFORE, the Council of the City of Palo Alto hereby approves the amended
and restated City of Palo Alto Deferred Compensation Plan for Regular Employees.
INTRODUCED AND PASSED: April 22, 2019
AYES: CORMACK, DUBOIS, FILSETH, FINE, KNISS, KOU, TANAKA
NOES:
ABSENT:
ABSTENTIONS:
Director of Human Resources
DocuSign Envelope ID: 5E7D204E-0ED3-4046-A9F6-E4AD523734E4
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