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HomeMy WebLinkAboutReso - CC - 024-2022RESOLUTION NO. 024.2022 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF BURLINGAME AMENDING THE CITY OF BURLINGAME DEFERRED COMPENSATION PLAN WHEREAS, on April 18, 2016, the City Council approved and adopted the City of Burlingame Deferred Compensation Plan ("Plan") to provide employees of the City with retirement benefits; and WHEREAS, the City would like to amend the Plan to allow for in -Plan Roth conversions; and WHEREAS, the City Council declares the intention of the City to continue the Plan, but reserves the right to terminate or amend the Plan at any time; and WHEREAS, a resolution is required to amend the Plan. NOW, THEREFORE, BE IT RESOLVED, The City Council amends the City of Burlingame Deferred Compensation Plan to allow for in -Plan Roth conversions. A, R rdo Ortiz, Ma I, MEAGHAN HASSEL-SHEARER, City Clerk of the City of Burlingame, certify that the foregoing resolution was introduced at a regular meeting of the City Council held on the 21st day of March 2022, and was adopted thereafter by the following vote: AYES: COUNCILMEMBERS: BEACH, BROWNRIGG, COLSON, O'BRIEN KEIGHRAN, ORTIZ NOES: COUNCILMEMBERS: NONE ABSENT: COUNCILMEMBERS: NONE Meaghan sel- earer, City Clerk