(A) There is hereby established and adopted the Berea Employees Capital Accumulation Plan. All eligible regular full-time officers and employees of the city are hereby authorized to participate in the plan.
(B) The terms of the Berea Employees Capital Accumulation Plan are set out in the adoption agreement between ICMA Retirement Corporation and the city, a copy of which is made a part hereof as if fully set out herein. The city council specifically adopts the plan and authorizes the mayor to execute the agreement on behalf of the city.
(C) Subject only to the provisions of the adoption agreement, the election of the city to participate in the ICMA Retirement Corporation Plan adopted herein may be revoked at a future time by action of the city council.
(Ord. No. 25.84, § 1.3, 1-8-85)
(D) The Berea Employees Capital Accumulation Plan is amended to allow employees access for the limited purpose of purchasing current service credit in the County Employees Retirement System as set out in § 23.006. The full text of the amendment is set out in the "First Amendment of Berea Employees Capital Accumulation Plan" and is on file in the office of city clerk.
(Ord. No. 13-94, 8-2-94)