CC RESOLUTION 4755RESOLUTION NO. 4755
A RESOLUTION ESTABLISHING A NEW UNREPRESENTED GROUP OF
EMPLOYEES "EXECUTIVES" FOR THE NATIONWIDE RETIREMENT
SOULUTION GOVERNMENTAL DEFERRED COMPENSATION MATCHING
PLAN AND TRUST PLAN.
The City Council of the City of El Segundo does resolve as follows:
Section 1: The City Council finds a follows:
A "Executives" will include the following classifications: City Manager, Assistant City
Manager, and Department Heads.
B "Executives" eligible under the City's Deferred Compensation plan, are also eligible
for the Matching Plan.
C The City will contribute a match to "Executives" 401(a) deferred compensation
account, up to 5.0% of the employee's annual total pay.
Section 2: The City Clerk is directed to certify the adoption of this Resolution; record this
Resolution in the book of the City's resolutions; and make a minute of the adoption of the
Resolution in the City Council's records and the minutes of this meeting.
Section 3: This Resolution will become effective immediately upon adoption and will remain
effective unless repealed or superseded.
PASSED AND ADOPTED this 1St day of November , 2011.
Eric K. Busch,
Mayor
CERTIFICATION
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES ) SS
CITY OF EL SEGUNDO )
I, Cindy Mortesen, City Clerk of the City of El Segundo, California, do hereby certify that the
whole number of members of the City Council of said City is five; that the foregoing Resolution
No. 4755 was duly passed and adopted by said City Council, approved and signed by the
Mayor, and attested to by the City Clerk, all at a regular meeting of said Council held on the 1st day
of November, 2011, and the same was so passed and adopted by the following vote:
AYES: Busch, Fisher, Brann, Fuentes, Jacobson
NOES: None
ABSENT: None
ABSTAIN: None
NOT PARTICIPATING: None
WITNESS MY HAND THE OFFICIAL SEAL OF SAID CITY this 1" day of November, 2011.
lN`
Cindy Mo sen, ity Clerk
of the City of El Segundo,
California
(SEAL)
APPROVED
Mark D. H sl
By:
i
Karl . Berk
Assistant Ci
ORM:
4ttorney
ttorney