TC Res. No. 1991-01RESOLUTION NO. 91-1
SERIES OF 1991
A RESOLUTION OF THE'TOWN OF AVON, COLORADO, AMENDING
PENSION ARRANGEMENTS WITH PENSION MANAGEMENT ASSOCIATES
AND ADOPTING PENSION PLANS FOR THE FIRE DEPARTMENT OF THE
TOWN' OF AVON.
WHEREAS; the Town of Avon ("employer") has firefighters rendering
valuable services; and
WHEREAS, the Town of Avon, Colorado and its firefighters desire
to restate it pension documents in order to terminate prior fire pension
administration arrangements which the Town has had with Pension
Management Associates, Inc.-as well as change contributions and vesting
arrangements; and
the Town of Avon desires to adopt new-trust documents
for the fire department, as presented to the Town Council on January 8,
1991, in order to-comply with various legal requirements.
NOW, THEREFORE, BE IT-RESOLVED by the Town Council of the Town of
Avon, Colorado to wit:
1. The Town of Avon hereby terminates the pension administration
and investment arrangements with Pension Management Associates, Inc: for
its firefighters, such termination to be effective on January 1', 1991.
2. The Town of.Avon hereby adopts the United Asset Management
Services Trust Agreement for the Town of Avon Firefighters Money Purchase
Pension Trust to be effective commencing on January 1, 1991.
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3. The Town of Avon hereby adopts -the Town of Avon Firefighter
Money Purchase Pension Plan to be effective on January 1, 1991.
4. The Town of Avon hereby appoints United-Asset Management
Services as pension administrator and investment provider for the newly
adopted fire pension plan.
ADOPTED THIS'8th Day.of January, 1991.
ATTEST:
TOWN COUNCIL
TOWN OF AVON, COLORADO
BY:
Je ry D is, Mayor