The deferred compensation plan of the International City Management Association Retirement
Corporation, as amended through the effective date of the ordinance from which this
division is derived and as this division shall be amended with approval of the Internal
Revenue Service of the United States, be and is hereby adopted as the deferred compensation
plan for the elected officials, officers and employees of the City. The Chief Administrative
Officer is authorized and directed on behalf of the City to execute two documents,
one entitled "Deferred Compensation Plan," in substantially the same form as the copy
attached to the draft of the ordinance adding this section to the Code; the second,
entitled "Declaration of Trust of the ICMA Retirement Trust." Such documents, entitled
"Deferred Compensation Plan," together with the "Declaration of Trust" appended to
the "Deferred Compensation Plan," be and are hereby incorporated into and made a part
of this section as fully as if set out. Eligibility of any elected official, officer
or employee to participate in the plan shall be in accordance with the provisions
of the plan; provided, however, no elected official, officer or employee of the City
shall be required to nor directed to participate in the deferred compensation plan.
(Code 1993, § 2-121; Code 2004, § 2-1176; Ord. No. 2004-360-330, § 1, 12-13-2004)
