Title
AN ORDINANCE AUTHORIZING THE CITY OF JONESBORO TO AMEND THE CONTRACT WITH THE NATIONWIDE DEFERRED COMPENSATION VOLUNTARY PLAN
Body
WHEREAS, Ordinance Number 07:3140 authorized the Nationwide Deferred Compensation Voluntary Plan be offered to city employees;
WHEREAS, Nationwide wants to amend the contract to allow employees to hire investment advisors at the employees expense;
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF JONESBORO, ARKANSAS THAT:
SECTION 1: The City of Jonesboro authorizes the Nationwide Deferred Compensation Voluntary Plan Document to be amended per the attached agreement.
SECTION 2: The Mayor and City Clerk are hereby authorized to approve said agreement to effectuate this change.
PASSED AND APPROVED this 18th day of August, 2015.