HomeMy WebLinkAbout1985-2873 TAX DEFERRED COMPENSATION PLAN FOR MANAGEMENT GROUP PERSONNEL ORDINANCEX0. 2873
110 AN ORDINANCE relating to City personnel; providing a tax
deferred compensation plan for management group
personnel; and amending Section 2.20.130 of the
111 City of Yakima Municipal Code.
BE IT ORDAINED BY THE CITY OF YAKIMA:
Section 1. Section 2.20.130 of the City of Yakima Municipal
Code is hereby amended as follows:
"2.20.130 'Management Group Tax Deferred Compensation
Plan. Commencing'July 1, 1985, each member of the management
group, as defined by subsection A of Section 1.18.005 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 three percent of the
monthly salary of any such participating 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 A
, 1985.
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ATTEST:
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• City Clerk
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