TC Res. No. 1987-23RESOLUTION NO. 87-23
SERIES OF 1987
A RESOLUTION TO CHANGE THE NAME OF THE EAGLE-VAIL
METROPOLITAN FIRE DISTRICT MONEY PURCHASE PENSION
PLAN
WHEREAS, the Town of Avon ("employer"), has
contracted with six (6) Metropolitan Districts to provide
fire services for those districts; and
WHEREAS, the Town of Avon has employed, as Public
Safety Officers, a number of employees who were previously
employed by the Eagle-Vail Metropolitan District, as
firefighters; and
WHEREAS, the Town of Avon, by contract, has agreed
to provide pension benefits, rights, and obligations for these
new Town of Avon employees, that are the same pension benefits,
rights, and obligations that these employees were provided
by Eagle-Vail Metropolitan District; and
WHEREAS, it is necessary to reflect the change in
employer in the title of the Pension Plan that these employees
are under.
NOW, THEREFORE, BE IT RESOLVED by the Town Council
of the Town of Avon, Colorado, that the Town of Avon changes
the name of the Eagle-Vail Metropolitan Fire District Money
Purchase Pension Plan, to the Town of Avon Department of Public
Safety (firefighters-l0=1-87)'Mdney-Purchase Pension Plan.
APPROVED AND DATED this 22nd day of September , 1987.
TOWN COUNCIL
TOWN OF AVON, COLORADO
Al an R. Notting m, Mayor
TO William James, Avon Town Manager
FROM Joe Olson, Assistant Avon Town Manager
RE Resolutions 87-23 and 87-21
DATE September 16, 1987
The attached Resolutions accomplish two (2) things:
Resolution 87-23 - With the six (6) Metropolitan District's
contracting with the Town to provide fire protection services, and
the hiring of new employees as Public Safety Officers for the
purpose of firefighting, it is necessary and required by state law,
to reflect the change in status for these employees. The area that
is most significant in this change of employers is the Pension area.
State law requires that the new employer (Town of Avon), provide a
Pension Plan that has the same rights and obligations as the Pension
Plan provided by the old employer (Eagle-Vail , Metropolitan
District). This requirement was provided for in the contract that
Council approved on September 8, 1987. The one other item that has
to be taken care of regarding the Pension Plan, is changing the
name. Resolution°87-23 will change the name of the Pension Plan,
that the current Eagle-Vail Firefighters who, effective October .1,
1987, will be Town of Avon employees, are under,'from the Eagle-Vail
Metropolitan Firefighter MoneyPurchase Pension Plan, to,,,the Town of
Avon Public Safety (Firefighters) Money Purchase Pension Plan.
Resolution 87-21 - As a result of establishing the Department
of Public Safety, it is.necessary, to change the name of the Town'of
Avon Police Department Money Purchase Pension Plan, to the Town of
Avon Department of Public Safety Department Money Purchase Pension
Plan.
In summary, we are changing the names of both the Fire and
Police Money Purchase Pension Plans, to coincide with the
establishment of a Department of Public Safety.