Resolution 18-089 Authorizing Participation in the State's Public Employees' Deferred Compensation Plan

CITY OF HOMER
HOMER, ALASKA

City Manager

RESOLUTION 18-089

A RESOLUTION OF THE CITY COUNCIL OF HOMER, ALASKA, AUTHORIZING THE PARTICIPATION OF ITS EMPLOYEES IN THE PUBLIC EMPLOYEES’ DEFERRED COMPENSATION PLAN OF ALASKA AND THE PAYMENT OF THE REQUIRED CONTRIBUTIONS, PURSUANT TO AS 39.45 ET SEQ

WHEREAS, The City of Homer , located in Homer, Alaska, wishes to increase the fringe benefits of its employees by adoption of a deferred compensation program NOW THEREFORE BE IT RESOLVED by the City Council that;

Pursuant to AS 39.45.010 et seq., the City Council of the City of Homer requests permission to become a participating employer of the Public Employee’s Deferred Compensation Program of Alaska; and

All regular full-time employees of the City of Homer are eligible to participate in the Public Employees’ Deferred Compensation Program of Alaska; and

All regular part-time employees of the City of Homer are eligible to participate in the Public Employees’ Deferred Compensation Program of Alaska; and

Temporary and Casual employees are excluded from participation; and

The City of Homer further requests that participation in the Public Employee’s Deferred Compensation Program of Alaska made effective February 1, 2019.

NOW, THEREFORE, BE IT RESOLVED that the Homer City Council hereby authorizes and directs City Manager Katie Koester to sign the agreement on behalf of the City of Homer and take any and all steps necessary to enroll the City of Homer and its employees in the Public Employee’s Deferred Compensation Program and initiate a Participation Agreement between the City of Homer and the State of Alaska; Department of Administration.

PASSED AND ADOPTED by the Homer City Council this 26th day of November, 2018.

                                                                                                                CITY OF HOMER

                                                                                                                ________________________                               

                                                                                                                KEN CASTNER, MAYOR

ATTEST:

___________________________

MELISSA JACOBSEN, MMC, CITY CLERK

Fiscal Note:  N/A