Title
SUMMARY: Adopt a Resolution Establishing the International Association of Fire Fighters (IAFF) Supplemental Retirement and Health Plan (Plan) and Trust Agreement for IAFF Employees Hired After June 7, 2011 as Provided in the Memorandum of Understanding (MOU) between the City and IAFF, including the "Pick Up" by the City of Employee Contributions, Appoint Positions of Trustee and Plan Administrator, and Delegate Authority to the Plan Administrator to Execute Plan Documents.
Adoption of Resolution Establishing the City of Alameda International Association of Fire Fighters (IAFF) Supplemental Retirement Plan and Trust Agreement for IAFF Employees Hired After June 7, 2011 as Provided in the Memorandum of Understanding between the City and IAFF as follows:
Authorize the City Manager to Appoint the Finance Director and Administrative Services Director to the City Retirement Committee;
Authorize the City Manager to Designate the Retirement Committee as Plan Administrator;
Authorize the City Manager to Appoint the Finance Director, Administrative Services Director and President of IAFF as Trustees;
Authorize the Retirement Committee, as the Plan Administrator, to Enter into an Agreement between the Plan and Peery & Associates, Inc. in Substantially the Same Form as Presented to the City Council;
Authorize the City Manager to Submit the Plan and Trust to the Internal Revenue Service for a Determination Letter regarding the Qualified Status of the Plan and Trust under Code Sections 401(a) and 501(a);
Approve the "Pick-Up" by the City of Employee Contributions to the Plan as Permitted by Internal Revenue Service Code section 414(h)(2),
Authorize the City Manager to Execute such Other Documents and to Perform such Other Acts as are Necessary or Appropriate to Effectuate the Plan. (Human Resources 2510)
Body
To: Honorable Mayor and Members of the City Council
From: John A. Russo, City Manager
Re: Adoption a Resolution Establish...
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