City of Jonesboro - File #: RES-11:228

• File #: RES-11:228
• Version: 1
• Name: Amendment to Principal non-uniform pension plan contract
• Type: Resolution
• Status: Passed
• File created: 12/20/2011
• In control: Finance & Administration Council Committee
• Final action: 12/20/2011
• Title: A RESOLUTION APPROVING AN AMENDMENT TO FREEZE THE PRINCIPAL BENEFITS PLAN
• Sponsors: Finance
• Indexes: Contract, Employee benefits
• Related files: RES-10:180, CON-224, RES-11:167

Date	Ver.	Action By	Action	Result
12/20/2011	1	City Council	Passed	Pass
12/20/2011	1	Finance & Administration Council Committee	Recommended to Council	Pass

title

A RESOLUTION APPROVING AN AMENDMENT TO FREEZE THE PRINCIPAL BENEFITS PLAN                   

body

WHEREAS, the City of Jonesboro currently has a Defined Benefit Plan with the Principal for certain non-uniform employees; and

WHEREAS, an amendment is needed to freeze that plan.

NOW, THEREFORE, BE IT RESOLVED by the City Council for the City of Jonesboro, that:

SECTION ONE:  The Defined Benefit Plan for non-uniform employees with the principal should be amended as recommended by the City’s Finance Department and outside counsel, Friday Law Firm, to freeze benefits as of December 31, 2011.

SECTION TWO:  Mayor Harold Perrin and City Clerk, Donna Jackson are authorized to execute such documents as are necessary to effectuate that agreement.

PASSED AND APPROVED this 20^th day of December, 2011.