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HomeMy WebLinkAboutRes 1991-44RESOLUTION NO. 1991 -44 A RESOLUTION OF THE MAYOR AND COMMON COUNCIL OF THE TOWN OF FOUNTAIN HILLS, ARIZONA AMENDING THE TOWN EMPLOYEES RETIREMENT PROGRAM BY EXPANDING ELIGI- BILITY TO ALL FULL TIME EMPLOYEES UPON HIRING AND DECLARING AN EMERGENCY WHEREAS, the Mayor and Common Council of the Town of Fountain Hills did through Resolution No. 1991 -10 adopt and establish a retirement program for full time Town employees; and WHEREAS, the Town has been informed of changes in the federal law regarding the eligibility of public sector employees who are not members of a retirement system; and WHEREAS, it is the desire and the intention of the Town to fully conform to these changes in the federal law by amending its already existing employee retirement plan; and WHEREAS, it is the desire and intent of the town to make available to all full time employees the benefits of a retirement plan upon their hiring; NOW THEREFORE BE IT RESOLVED BY THE MAYOR AND COMMON COUNCIL OF THE TOWN OF FOUNTAIN HILLS AS FOLLOWS: Section 1. That the Town of Fountain Hills employee retire- ment plan is hereby amended to allow all full time employees of the Town of Fountain Hills to be eligible upon hire for participation in their program. Section 2. That the Mayor and Town Manager are authorized to execute any and all documents necessary to amend the plan. Section 3. That in order to allow eligible employees to par- ticipate in the retirement plan at the earliest possible date an emergency is hereby declared to exist and as such this resolution shall become effective immediately upon its passage and adoption by no less than six members of the Town Council. PASSED AND ADOPTED this 17th day ATTEST TO: . i Cassie B. Hansen, Town Clerk APPROVED AS TO FORM: of October, 1991. LC - n M. Cutillo, Mayor ( � I �' G� William E. Farrell, Town Attorney REV ED BY: Paul gordin, Town Manager `vW'