HomeMy WebLinkAbout090-2013RESOLUTION NO. 90-2013
AMENDING AND RESTATING PROVISIONS OF THE TOWN OF DANVILLE
MONEY PURCHASE PENSION PLAN AND TRUST AGREEMENT
WHEREAS, the Town of Danville adopted its Money Purchase Pension Plan and Trust
(the "Plan') in July 1996, which Plan was amended and restated effective July 1, 2010;
and
WHEREAS, the Town wishes to amend and restate Section 1.23 of the Plan in order to
change the definition of "Plan Year" from July 1 to June 30 to January 1 to December 31;
now, therefore, be it
RESOLVED, that the Danville Town Council approves the amendment and
restatement of Section 1.23 of the Town of Danville Money Purchase Pension Plan and
Trust as set forth in attached Exhibit 1, which is hereby incorporated into this
resolution, to be effective on January 1, 2014.
APPROVED by the Danville Town Council at a regular meeting on November 5, 2013
by the following vote:
AYES:
NOES:
ABSTAINED:
ABSENT:
Arnerich, Storer, Doyle, Morgan, Stepper
None
None
None
APPROVED AS TO FORM:
CITY ATTORNEY
ATTEST:
CITY CL
0
Town of Danville
Money Purchase Plan and Trust Agreement
(As Amended and Restated effective July 1, 2010)
THIS AGREEMENT, made and entered into this 6th day of November, 2013, by and between
Town of Danville organized under the laws of the State of California with principal offices at
Danville, California (hereinafter called the "Employer ") and the Town Manager and the finance
director (hereinafter referred to as the Trustees):
WITNESSETH:
That at a meeting of the Town Council held on the 5 day of November, 2013, the following
amendment to the Money Purchase Plan and Trust was ratified, authorized and directed:
Now, therefore, it is agreed by and between the parties hereto that the aforementioned Money
Purchase Plan and Trust Agreement be and it is hereby amended effective January 1, 2014 as
follows:
Section 1.23 is restated to read as follows:
"Plan Year" shall mean the twelve consecutive month period ending on the last
day of December of each year.
IN WITNESS WHEREOF, The Employer has caused this Agreement to be signed by its
duly authorized officer and the Trustees have also cianarl thic A arPPmc nt
TO*
By:
DATE
TRUSTEES:
// // e
DAT
/ / 3
DA YE
FINANCE DIRECTOR