TC Res. No. 1985-04i •
RESOLUTION NO.- 85-4,
SERIES OF 1985
A RESOLUTION TO ESTABLISH A MONEY PURCHASE RETIREMENT PLAN
WHEREAS, the Town of Avon (the Employer) has employees
rendering valuable services; and
WHEREAS, the establishment of a Money Purchase Plan will
benefit employees by providing funds for retirement and funds for
their.beneficiaries in the event of death; and
WHEREAS, the establishment of a Money Purchase Plan will
assist the Town of Avon to attract and retain qualified personnel;
and
WHEREAS, the Town of Avon desires that its Money Purchase Plan
be administered by the ICMA Retirement Corporation.
NOW THEREFORE BE IT RESOLVED, by the Town Council of the Town
of Avon, that the,Town of Avon establishes a Money Purchase-Plan in
the form of the ICMA Retirement Corporation Prototype Money Purchase
Plan and trust, pursuant to the specific provisions of the executed
Adoption Agreement. The Plan and the Trust forming a part hereof
are established and shall be maintained for the exclusive benefit of
eligible employees and their beneficiaries.
ADOPTED AND DATED THIS 22nd day of January 1985
TOWN COUNCIL
TOWN OF AVON
All n R. Nottingh , Mayor