Pursuant to the authority conferred by the laws of the state, and for the purpose of encouraging continuity and meritorious service on the part of city employees and thereby promote public efficiency, there is hereby authorized, created, established, and approved and adopted, effective as of July 1, 2023, the amended and restated plan designated “Employee Retirement System of the City of Claremore, Oklahoma, Defined Contribution Plan” (hereinafter called “system”), an executed counterpart of which is marked “Exhibit A” (Joinder Agreement) and Exhibit “B” (amended and restated plan) and attached to Ordinance No. 2023-17, and all amendments thereto, which are incorporated fully herein by reference. Exhibits “A” and “B” and all amendments are on file in the City Clerk’s office and are subject to public inspection.
(`83 Code, § 2-501) (Ord. 87-20, passed 10-19-87; Am. Ord. 93-15, passed 7-1-93; Am. Ord. 96-16, passed 5-7-96; Am. Ord. 97-18, passed 8-4-97; Am. Ord. 98-29, passed 7-6-98; Am. Ord. 99-39, passed 6-21-99; Am. Ord. 2001-16, passed 7-2-01; Am. Ord. 2003-09, passed 3-3-03; Am. Ord. 2007-9, passed 7-2-07; Am. Ord. 2007-10, passed 7-2-07; Am. Ord. 2007-12, passed 7-16-07; Am. Ord. 2007-13, passed 7-16-07; Am. Ord. 2009-05, passed 3-2-09; Am. Ord. 2009-25, passed 10-19-09; Am. Ord. 2009-26, passed 10-19-09; Am. Ord. 2009-26A, passed 11-16-09; Am. Ord. 2010-16, passed 5-17-10; Am. Ord. 2010-25, passed 9-7-10; Am. Ord. 2010-26, passed 9-7-10; Am. Ord. 2010-27, passed 9-7-10; Am. Ord. 2010-30, passed 11-15-10; Am. Ord. 2014-11, passed 5-19-14; Am. Ord. 2014-27, passed 10-6-14; Am. Ord. 2015-17, passed 8-3-15; Am. Ord. 2015-18, passed 8-3-15; Am. Ord. 2015-19, passed 8-3-15; Am. Ord. 2018-9, passed 5-7-18; Am. Ord. 2019-16, passed 11-18-19; Am. Ord. 2022-07, passed 4-18-22; Am. Ord. 2022-08, passed 4-18-22; Am. Ord. 2022-09, passed 4-18-22; Am. Ord. 2023-8, passed 4-17-23; Am. Ord. 2023-17, passed 7-3-23)
Statutory reference:
Cities may establish employee pension and retirement systems, see 11 O.S. §§ 48-101 et seq.