CC RESOLUTION 28032 s
RESOLUTION NO. _2803
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF EL SEGUNDO, CALIFORNIA, ADDING
SECTION 1A7.030 TO CHAPTER 1A7 (DEFERRED
COMPENSATION PLAN) TO TITLE lA OF THE EL
SEGUNDO ADMINISTRATIVE CODE
THE CITY COUNCIL OF THE CITY OF EL SEGUNDO, CALIFORNIA,
DOES RESOLVE AS FOLLOWS:
SECTION 1. Chapter lA7 of Title lA of the El Segundo
Administrative Code adopted by Resolution No. 2792, as amended,
is amended by adding Section 1A7.030 to read as follows:
SECTION 1A7.030 DEFERRED COMPENSATION PLAN ESTABLISHED FOR
CHAPTER 1A2. There is hereby established a Deferred
Compensation Plan for the employees regulated by
Chapter 1A2 of this Code. Every such employee whose
compensation is hereafter increased by the City Manager,
pursuant to the authority established by Section 1A2.020
of this Code, shall have any increase occurring after
September 6, 1977, applied to deferred compensation which
shall be applied directly to such employee's contributions
to the Public Employees' Retirement System until the full
amount of said employee's contributions is paid or funded
and, thereafter, any increases in compensation shall be
applied to regular pay for such employee; provided, however,
and until the Internal Revenue Service determines that
such contributions are "employer" contributions such
deferred compensation provided for in this Section shall
be paid directly to the employee.
SECTION 2. The City Clerk shall certify to the passage
II. and adoption of this resolution; shall enter the same in the
book of original resolutions of said city; and shall make a
minute of the passage and adoption thereof in the records of
the proceedings of the City Council of said city, in the minutes
of the meeting at which the same is passed and adopted.
• PASSED, APPROVED and ADOPTED this 6th day of
September 1977.
. ATTEST:
City Clerk
(SEAL)
-2-
■ 24 %�),
(f eL3
Mayor of the City of E1 Segundo,
California
•
STATE OF CALIFORNIA
COUNTY' OF LOS ANGELES
CITY OF EL SEGUNDO
SS
I, Valerie A. Burrowes City Clerk of the
City of E1 Segundo, California, DO HEREBY CERTIFY that the
whole number of members of the City Council of the said City
is five; that the foregoing Resolution, being Resolution No. 2803
was duly passed and adopted by the said City Council, approved
and signed by the Mayor of said City, and attested by the City
Clerk of said City, all at a regular meeting of the said Council
held on the 6th day of September 1977
and that the same was so passed and adopted by the following vote:
AYES: Councilmen Bue Nagel, Rockhold,
Van Vranken and Mayor Balmer
NOES: Councilmen None
ABSENT: Councilmen None
WITNESS MY HAND AND THE OFFICIAL SEAL OF SAID
CITY this 12th— day of September s 1977
(SEAL)
City Clerk
of the City of El Segundo, California