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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_,..,., ATTEST :