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HomeMy WebLinkAbout12/15/2021 4GAGENDA BILL CITY OF BREMERTON CITY COUNCIL SUBJECT: Resolution No. 3342 amending and restating the City's 457(b) Deferred Compensation Plan Document Study Session Date COUNCIL MEETING Date Department: Presenter: Phone: December 8, 2021 December 15, 2021 Human Resources Charlotte Nelson 360-473-5926 SUMMARY: The proposed resolution amends and restates the City's 457(b) Deferred Compensation Plan Document, Section 457 of the Internal Revenue Code of 1986, as amended and the applicable Treasury Regulations requires that 457(b) Plan Documents be restated at least every five years. ATTACHMENTS: 1) Resolution No. 3342 FISCAL IMPACTS (Include Budgeted Amount): STUDY SESSION AGENDA: � Limited Presentation ❑Full Presentation STUDY SESSION ACTION: N Consent Agenda ❑ General Business ❑ Public Hearing RECOMMENDED MOTION: Move to adopt Resolution No. 3342 amending and restating the City's Deferred Compensation Plan Document. COUNCIL ACTION Form Updated 01/02/2018 Approve ❑Deny ❑Table ❑Continue ❑ No Action