12-253 RESOLUTION NO. 12-253
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF MENIFEE, CALIFORNIA,
REQUESTING RESOLUTION FOR ADOPTION OF CALIFORNIA PUBLIC EMPLOYEES'
RETIREMENT SYSTEM VOLUNTARY SUPPLEMENTAL INCOME 457 PLAN
WHEREAS, the governing body of the City of Menifee desires to establish an additional deferred
compensation plan for the benefits of its employees; and
WHEREAS; the Board of Administration (the "Board") of the California Public Employees'
Retirement System ("CALPERS 457 Plan") which may be adopted by a government employer the
employees of which are public employees; and
WHEREAS, the governing body of the City of Menifee believes that the CALPERS 457 Plan and
the investment options available there-under will provide benefits to its employees; and
WHEREAS, the Board has appointed ING (the Plan Recordkeeper) to perform recordkeeping and
administrative services under the CALPERS 457 Plan and to act as the Board's agent in all
matters relating to the administration of the CALPERS 457 Plan;
This benefit shall apply to all employees of the City of Menifee.
NOW, THEREFORE, BE IT RESOLVED that the governing body of the City of Menifee adopts
the CALPERS 457 Plan for benefit of its employees and authorizes and directs the City Clerk to
execute the attached adoption agreement on behalf of the City of Menifee and to provide
CALPERS or any successor agent duly appointed by the Board with such information and
cooperation as may be needed on an ongoing basis in the administration of the CALPERS 457
Plan. A copy of this resolution, the agreement, and any attachments thereto shall be on file in the
office of the City Clerk, of the City of Menifee.
PASSED, APPROVED and ADOPTED this 6th day a ch, 12, by the following vote:
n V. Denver, Mayor
ATTEST: APP E AS FO M:
Kathy Bennett, City Clerk Jose . Fletcher, City Attorney
,TY GF
MENIFEE
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John V.Denver
Mayor STATE OF CALIFORNIA )
Thomas Fuhrman COUNTY OF RIVERSIDE ) ss
Mayor Pro Tem CITY OF MENIFEE )
Wallace W.Edgerton I, Kathy Bennett, City Clerk of the City of Menifee, do hereby certify that the
Councilmember foregoing Resolution No. 12-253 was duly adopted by the City Council of the City
Darcy Kuenzi of Menifee at a meeting thereof held on the 17th day of January, 2012 by the
Councilmember following vote:
Sue Kristjansson Ayes: Denver, Edgerton, Fuhrman, Kristjansson, Kuenzi
Councilmember Noes: None
Absent: None
Abstain: None
r
Kathy Bennett, City Clerk
29714 Haun Road
Menifee,CA 92586
Phone 951.672.6777
Fax 951.679.3843
www.cityofinenifee.us