HomeMy WebLinkAboutResolution 2012-0057CITY OF WHEAT RIDGE
RESOLUTION NO. 57
Series of 2012
TITLE: A RESOLUTION APPROVING THE RESTATEMENT AND
AMENDMENT OF THE CITY OF WHEAT RIDGE MONEY
PURCHASE PENSION PLAN FOR DESIGNATED POLICE
DEPARTMENT EMPLOYEES FOR THE PURPOSE OF
CLARIFYING THE PLAN DEFINITION OF "EARNINGS"
WHEREAS, the City of Wheat Ridge established and maintains the Money
Purchase Pension Plan for Designated Police Department Employees (the
"Plan "), most recently amended and restated on January 8 , 2007 effective as of
January 1, 1997; and
WHEREAS, the Plan 's Pension Board (the "Board ") has determined that it
is in the best interest of the City of Wheat Ridge and the City of Wheat Ridge
employees to amend the Plan to clarify the plan definition of "earnings"; and
WHEREAS , in accordance with Municipal Code § 19-52(e), a summary of
the amendment has been provided to all members of the Plan , who have been
polled and have provided their approval of the amendment as provided in C .R.S .
§ 31-30 .5-101 et seq .; and
WHEREAS, the City of Wheat Ridge is authorized to amend the Plan
pursuant to Section 14 .01 of the Plan and Municipal Code§ 19-52 (e).
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF WHEAT RIDGE THAT:
1. Effective as of January 1, 2013 , the City of Wheat Ridge Money
Purchase Pension Plan for Designated Police Department
Employees is hereby amended as reflected on the attached
amended Adoption Agreement , which shall be substituted for the
Adoption Agreement approved and adopted on January 8 , 2007 .
DONE AND RESOLVED this 26 1h day of Nov mber , 2012 .
/J
L_,..,.,
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