A. The city adopts the compensation plan attached as Appendix A to Res. 88-3, and appoints the ICMA Retirement Corporation to serve as administrator thereunder.
B. The city executes the ICMA Retirement Trust attached to Res. 88-3 Appendix B.
C. The city adopts the trust agreement attached to Res. 88-3 as Appendix C, and appoints the ICMA Retirement Corporation as trustee thereunder, and directs ICMA Retirement Corporation, as trustee, to invest all funds held under the deferred compensation plan through the ICMA Retirement Trust as soon as is practicable.
D. The comptroller shall be the coordinator for this program, and shall receive necessary reports, notices, and the like from the ICMA Retirement Corporation as administrator, and shall cast, on behalf of the city, any required votes under the program. Administrative duties to carry out the plan may be assigned to the appropriate departments.
(Res. 88-3, 1988)