CCR2008017-Deferred Comp
COMMON COUNCIL - CITY OF MUSKEGO
RESOLUTION #017-2008
Resolution To Adopt Security Benefit
457 Deferred Compensation Plan Documents
WHEREAS, the Common Council of the City of Muskego (the “Employer”), pursuant to
its authority to adopt employee benefit programs, wishes to adopt plan documents to make the
benefits of the Security Benefit 457 Deferred Compensation Plan available to it’s Employees
(the “Plan”); and
WHEREAS, the Common Council wishes to take any action necessary to adopt such
trust accounts, annuity contracts or custodial accounts as are necessary to establish funding
vehicles with Security Benefit affiliates for the Plan, to receive and invest contributions in such
investment options as are selected by Employees participating in the Plan.
NOW, THEREFORE, BE IT RESOLVED that the form of plan document for the Security
Benefit 457 Deferred Compensation Plan is hereby approved and adopted by the Common
Council of the City of Muskego for the benefit of Employees of the Employer.
BE IT FURTHER RESOLVED, that pursuant to the Plan, the Common Council further
establishes funding accounts with Security Benefit for receipt of the investment contributions
made under the Plan, as directed by participating Employees; and
BE IT FURTHER RESOLVED, that the City Administrator of the City of Muskego is
hereby authorized and directed to execute the plan documents for the Plan in substantially the
form presented to this Common Council, to communicate the terms of the Plan to Employees, to
designate Employees as eligible for participation in the Plan in accordance with Plan terms, to
enter into agreements with Plan participants for participation in the Plan, including Salary
Reduction Agreements, and to take such further actions as may be necessary and appropriate
to implement the Plan and effectuate the terms and intent of these resolutions.
DATED THIS ____8TH_______ DAY OF _____JANUARY__________ 2008.
SPONSORED BY:
FINANCE COMMITTEE
Ald. Bob Melcher
Ald. Neil Borgman
Ald. Keith Werner
This is to certify that this is a true and accurate copy of Resolution #017-2008 which was
adopted by the Common Council of the City of Muskego.
_________________________
Clerk-Treasurer