CCR2000098COMMON COUNCIL - CITY OF MUSKEG0
RESOLUTION #98-2000
RESOLUTION FOR INCLUSION UNDER
THE STATE OF WISCONSIN DEFERRED COMPENSATION PLAN
BE IT RESOLVED by the Common Council of the City of Muskego that pursuant
to the provisions of Section 40.81(1), Subchapter VI1 of Chapter 40 of the
Wisconsin Statutes which provides in part as follows:
"An employer other than the State may provide for its employes the
Deferred Compensation Plan established by the Board under section
40.80. Any employer, including this state, who makes the plan under
section 40.80 available to any of its employes shall make it available to
all its employes under procedures established by the department under
this subchapter
Such Common Council hereby determines to be included under the State of
Wisconsin Deferred Compensation Plan provided by section 40.80 Subchapter
VI1 of Chapter 40 of the Wisconsin Statutes and regulated by Chapter ETF 70 of
the Wisconsin Administrative Code for its eligible personnel, and
BE IT FURTHER RESOLVED, the proper officers are herewith authorized and
directed to take all actions and make such reductions and submit such deferrals
as are required by the Department of Employe Trust Funds of the State of
Wisconsin pursuant to Subchapter VI1 of Chapter 40 of the Wisconsin Statutes,
and,
BE IT FURTHER RESOLVED, that the City of Muskego agrees to be bound by
the terms and conditions of the contracts between the State, its investment
providers, and its Plan Administrator, and the "Plan Document" and
"Procedures To Be Followed By Employer" as amended from time to time. The
employer certifies it has received a copy of the Plan and Procedures.
BE IT FURTHER RESOLVED, that the City of Muskego representative submit a
certified copy of this resolution and "Notification Memo" to the State of
Wisconsin, Department of Employe Trust Funds and the Plan Administrator
BE IT FURTHER RESOLVED, that the Common Council recognizing the
Deferred Compensation Board's responsibility for maintaining the integrity of the
plan, the Common Council hereby resolved that the proper officers of the City of
Muskego are hereby authorized and directed to cooperate fully with the Plan
Administrator in accordance with procedures established by the Department of
Employe Trust Funds in processing requests for withdrawal in case of an
unforeseeable emergency as defined in Sec. 457(b)(5) of the I.R.C. and Sec
Resolution # 98-2000 Page 2
1.457-2(h)(4) and (5) of the regulations. The designated agent is directed to
acknowledge on a form authorized by the Department of Employe Trust Funds,
that relevant unforeseeable emergency information has been given and
received.
DATED THIS - gth DAY OF May ,2000
SPONSORED BY:
FINANCE COMMITTEE
Ald. Mark Slocomb
Ald. David J. Sanders
Ald. Nancy C. Salentine
This is to certify that this is a true and accurate copy of Resolution # 98-2000
which was adopted by the Common Council of the City of Muskego.