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Home My WebLink About41-84RESOLUTION NO. t f `p A L i iON of the City Council of the •c o? Port Angeles, Washington, adopt- :•'g the International City Management Association Retirement Trust for the purpose of continuing to offer a De- ferred Corrpensation Plan to all City employeeF WHEREAS, the City of Port Angeles maintains a deferred compensation plan for_ its employees. which .is administered by the ICMA Retirement Corporation (the "Administrator and WHEREAS, other public employers have joined together to ;establish the ICMA Retirement Trust for the purpose of representing the _interests of the participating employers with respect to the collective investment of funds held under their deferred compensa- tion plans; and WHEREAS, said Trust is a salutary development which further ;advances the quality of administration of plans administered by t the ICMA Retirement Corporation: NOW, THEREFORE BE IS RESOLVED THAT City of Port Angeles ,i.lereby executes the ICMA Retirement attached hereto; and BE IT FURTHER RESOLVED THAT THE City Clerk of the City of Port Angeles shall be the coordinator for this program and shall L recce v_e necessary reports, notices, etc. from the ICMA Retirement Corporation as Administrator, and shall cast, on behalf of the City of Port Angeles, any required votes under the program. PASSED by the City Council of the City of Port Angeles at a regular meeting of the Council held on the 41 0 7 k* day of 1984 ATTEST: 1 Sherri Anderson, Deputy City Clerk APPR f AS TO FORM: 1i K raig Knu \son, City Attorney If O R I, Sherri Anderson, Deputy City Clerk of the City of Port Angeles, Washington, do hereby certify that the attached resolution was duly passed and adopted by the City Council at a regular meeting thereof asembled this 16 day of October, 1984 by the following vote: AYES: NAYS: ABSENT: CERTIFICATION OF ADOPTION OF RESOLUTION Sherri Anderson, Deputy City Clerk 1 Ernpio full name (City of, County of, etc.) City of Port Angeles Dort Angeles. Washington 98362 4 Phoiie number (city) Employer's Federal Tax identification Number Total number of employees FILE INFORMATION SHEET the information you provide on this sheet Is essential for proper plan administration As you complete this form, pi3ass refer to the instructions on the reverse side 2 Plan Coordinator (Name and title of official to whom all correspondence and reports are to be mailed) ___Merri A. Lannoye, City Clerk /Personnel Director 3. Employer's address 140 West Fret- n_ n Rex 11 50 (street PO Box etc (206) 457 -0411 3 How often will you make contributions? Every two 6 Number of employees eligible to participate 185 (state) (zip r )Oet 91- 600 -1266 ICMA RETIREMENT CORPORATION w�P 1120 Area Code 202 G Street 737.6616 Northwest Suite 700 Tol! free 800 `Washington DC 424 -9249 20005 7 What is the first pay date of plan implementations (under trust October 16, 1984 7-9__s e as o INSTRUCTIONS 1 Employers name Please provide the full name of the organization 2 Plan Coordinator This official is designated in the resolution as the person who will receive all correspondence, literature, reports, and financial information from RC 3 Address Please give the address RC should use to mail account statements, reports, literature, etc 4 Phone number The Plan Coordinator's phone number should be provided 5 Employer's Federal Tax Identification Number This is the number the Internal Revenue Service has assigned to you for the purpose of federal tax reporting It is the same number appearing on your federal withholding reports, federal W -2 forms, and Social Security reports 6. Contribution frequency You should make con- tributions so they can be standardized to equal payments. (Corrections for rounding may be made periodically.) Our experience has been that employers find it convenient to make contribu- tions each payday or every other payday. We are able to handle contributions at these intervals a Weekly b Biweekly (every two weeks) c Semimonthly (twice each month, use only if your payday is twice each month) d Monthly (do not use if your payday is weekly or biweekly) e Every 4 weeks (use if your payday is every 4 weeks or every 2 weeks) f. Quarterly g. Semiannually h. Annually Earnings may be affected if contributions are made less frequently than payroll deductions. If deducted funds are accumulated by the employer over a number of pay periods before being con- tributed, employees' deferred compensation account earnings will accrue at a slower rate. 7 First paydate of plan implementation This is to establish timing for our computer program which prepares contribution statements for you. If you cannot estimate when the first employees will actually enroll, leave this blank You will receive a blank contribution statement with your plan acceptance package When you are ready to send the first contribution, use this blank form and indicate the next contribution date on the form. 8 Employees eligible to participat This applies especially to those employers whose plan re- stricts participation to certain employees or groups of employees 9. Total number of employees Give approximate number of current employees of the municipality.