HomeMy WebLinkAbout1983-2689 PARTICIPATION IN MANAGEMENT GROUP TAX DEFERRED COMPENSATION PLAN ORDINANCE NO, 26 8 9
AN ORDINANCE relating to City government personnel; author
City participation in a management group tax deferred
compensation plan; and enacting Section 2.20.130 as
a new section of the City of Yakima Municipal Code.
BE IT ORDAINED BY THE CITY OF YAKIMA:
Section 1. Section 2.20.130 is hereby enacted as a new
section of the City of Yakima Municipal Code to read as follows:
"2.20.130 Management Group Tax Deferred. Compensation
Plan. Each member of the management group, as defined by
Sub Section 1.18.005 A of the City of Yakima Municipal Code,
who participate in any tax deferred compensation plan adopted
or approved by the City shall be paid, in addition to the
amount established by the compensation plan, as part of that
member's regular salary, an amount each month equal to the
extent of such member's participation in any such plan;
provided, such additional amount to be so paid shall not
exceed two percent of the monthly salary of any such parti-
cipating employee."
Section 2. This ordinance shall be in full force and effect
thirty days after its passage, approval and publication as provided
by law and by the City Charter.
PASSED BY THE CITY COUNCIL, signed and approved this
day of (10 , 1983.
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Mayor
ATTEST:
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City Clerk
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