HomeMy WebLinkAbout1992-3504 Tax deferred compensation plan • ORDINANCE NO °
AN ORDINANCErelating to personnel, authorizing an expanded
management group of City employees to participate in the
management group tax deferred compensation plan,
making minor stylistic changes in the Section 125
Spending Plan ordinance; and amending Section 2.20 130
and Section 2.20.150 both of the City of Yakima Municipal
Code.
BE IT ORDAINED BY THE CITY OF YAKIMA:
Section 1 Sectio:i 2 20 130 of the City of Yakima Municipal Code is
hereby amended to read as follows:
"2.20.130 Management Group Tax Deferred Compen-
sation Plan.
Commencing February 1, 1993, each member of the
management employee group, as defined below, who participates
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
IP participation in any such plan, provided, such additional amount
to be so paid shall not exceed three percent of ,e monthly salary
of and such participating employee.
The management employee group, as that term is used in
this section, is composed of any non - temporary employee in the
following positions.
(1) executive series, as listed in Section 2.20.100 B
(2) management series, as listed in Section 2.20 100 B
(3) executive support series as listed in Section 2 20.100
B
(4) public safety management series, as listed in Section
2.20.110 E
(5) union exempt management support group, as listed
in Section 2.20.100 D
(6) union exempt supervisory group, as listed in Section
2.20 110 H
(7) union exempt fire civil service, as listed in Section
2 20 110 K."
Section 2 Section 2 20.150 of the City of Yakima Municipal Code is
hereby amended to read as follows:
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F • "2 20 150 Management Personnel Section 125 Plan
A. The Section 125 Spending Plan for the City of Yakima as
contemplated by 26 U.S.0 § 125 is hereby adopted for (1) all
management employees, as defined below; (2) employees covered
by the LEOFF labor agreement with IAFF Local No 469, and (3)
such other collective bargaining units for which this benefit has
been included in a collective bargaining agreement approved by
resolution of the City of Yakima City Council.
'Management employees,' as that term is used in this
section, refers to all non - temporary employees in the following
positions
(1) executive series, as listed in Section 2.20.100 B
(2) management series, as listed in Section 2.20 100 B
(3) executive support series as listed in Section 2 20.100
B
(4) public safety management series, as listed in Section
2 20 110 E
(5) union exempt management support group, as listed
in Section 2.20 100 D
(6) union exempt supervisory group, as listed in Section
220110H
(7) union exempt fire civil service, as listed in Section
220.110 K.
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B The Section 125 Spending Plan shall be on file in the Office of
Human Resources and may be further amended by the City Manager
with respect to its amounts of contribution and services provided that
such amendments are made in written form and filed with the original
plan."
Section 3 This ordinance shall be in full force and effect 30 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 1 �\-s day of
1992
ATTEST Mayor
Ka,
City Clerk
Publication Date: \a/\
Effective Date:
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