HomeMy WebLinkAbout12-044 - ADMIN Resolution - City Council - 2012/03/05•
RESOLUTION NO. 12-044
RESOLUTION APPROVING
DEFERRED COMPENSATION EMPLOYER CONTRIBUTION
FOR NON-UNION EMPLOYEES
WHEREAS, the City Council has established a benefit plan that provides an effective means
for providing employee group benefits; and
WHEREAS, the City Council wishes to encourage and incent staff to invest and save for
their future financial needs; and
WHEREAS, the administration of such plans will be in accordance with plan documents and
as approved by the City Manager;
NOW THEREFORE BE IT RESOLVED that the City Council of the City of St. Louis
Park approves an employer contribution to employer-provided deferred compensation plans of
$10 pe . ay period with a minimum employee contribution of $50 per pay period for benefit-
earni g no union employees and City Manager effective April 1, 2012.
Reviewe f fo i A f; v inistration:
41) City M
Attest:
City Clerk
by the City Council March 5, 2012
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May /