2736Adopted by the City Council on January 10, 2006.
RESOLUTION NO. 2736
A RESOLUTION RATIFYING EXECUTION OF ELIGIBLE 457 GOVERNMENTAL
DEFERRED COMPENSATION PLAN
RECITALS:
1.The City of Moses Lake offers a deferred compensation plan to its employees through the Hartford
Life Insurance Co. The deferred compensation plan is fully funded by the city's employee
participants.
2.The Hartford provided an amended Eligible 457 Governmental Deferred Compensation Plan for
consideration by the city which addressed a number of areas affected by the Economic Growth and
Tax Relief Reconciliation Act of 2001 (EGTRRA) as well as the respective final treasury regulations.
3.The rules set an EGTRRA amendment deadline of December 31, 2005 by which date the city must
have adopted an EGTRRA plan document.
4.Due to the deadline date, the City Manager for the City of Moses Lake, with the authorization given
in Resolution No. 226, executed the plan document on December 30, 2005.
RESOLVED:
1. The City of Moses Lake desires to amend its eligible 457 Governmental Deferred Compensation
Plan so as to address a number of areas affected by the Economic Growth and Tax Relief
Reconciliation Act of 2001 (EGTRRA) as well as the respective final treasury regulations.
•2. The City Council of the City of Moses Lake ratifies the City Manager's December 30, 2005 execution
of the amended Eligible 457 Governmental Deferred Compensation Plan contract provided by the
Hartford.
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ATTEST:
Ronald R. Cone, Finance Director
Ronald C. Covey,
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