Laserfiche WebLink
. � -�y <br /> � �, <br /> crnr oF REOwoon cirir <br /> RESOLUTION NO. � <br /> RETIREMENT ENHANCEMENT PROGRAM TO ELIGIBLE EMPLOYEES <br /> WHEREAS, it is determined to be in the best interest of the City of � <br /> Redwood City to provide a Retirement Enhancement Program to eligible <br /> employees; and <br /> WHEREAS, the City of Redwood City is eligible to be a member of the <br /> Public Agency Retirement System (PARS) Trust, which has made available a <br /> Retirement Enhancement Plan supplementing CaIPERS and qualifying under the <br /> relevant sections of the Intemal Revenue Code and the Califomia Govemment <br /> Code; <br /> NOW, THEREFORE, BE IT RESOLVED that: <br /> 1. The City Council hereby adopts the PARS Trust, including the PARS <br /> Retirement Enhancement Plan, as part of the City Retirement Program, <br /> effective January 28, 2003; and <br /> 2. The City Council hereby appoints the Human Resources Director, of <br /> his/her successor or his/her c�esignee as the City's Plan Administrator for <br /> the Public Agency Retirement System; and <br /> 3. The City of Redwood City's PARS Administrator is hereby authorized to <br /> execute the PARS legal and administrative service documents on behalf <br /> of the City of Redwood City to implement a PARS supplemental plan to <br /> CaIPERS. <br /> * * * <br /> F:AttylReso/Reso <br />