HomeMy WebLinkAboutResolution 41-2000 RESOLUTION NO. 41-00
A RESOLUTION ADOPTING REVISED CITY OF BROOKINGS DEFERRED
COMPENSATION PLAN DOCUMENTS PURSUANT TO SECTION 457(b) OF TI�
INTERNAL REVENUE CODE.
WHEREAS, the City of Brookings currently sponsors a deferred compensation
plan in accordance with Section 457(b) of the Internal Revenue Code and has recently prepared a
new Section 457(b)Deferred Compensation Plan document, together with a revised Participation
Agreement for the Section 457(b)Deferred Compensation Plan of the City of Brookings, each of
which incorporate current Internal Revenue Code requirements, and
WHEREAS, the City of Brookings desires to adopt the new Section 457(b)
Deferred Compensation Plan document, together with the revised Participation Ageement, each
dated as of June 26, 2000, true copies of which are on file in the office of the City Clerk of the
City of Brookings, now therefore
BE IT RESOLVED by the City Council of the City of Brookings, South Dakota
that the City of Brookings Deferred Compensation Plan adopted pursuant to Section 457(b) of
the Internal Revenue Code, dated June 26, 2000,together with the Participation Agreement for
the City of Brookings Deferred Compensation Plan, dated June 26, 2000, are hereby approved
and adopted and shall constitute plan documents for the City of Brookings Defened
Compensation Plan.
Passed and approved on the 26�'day of June, 2000.
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Attest: �
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