HomeMy WebLinkAboutR-2021-115 Change to Deferred Compensation Retirement Plan related to Tax-Free Withdrawals for Certain Insurance Premiums RESOLUTION NO. R-2021-115
A RESOLUTION AUTHORIZING A CHANGE TO THE DEFERRED COMPENSATION
RETIREMENT PLAN RELATED TO TAX-FREE WITHDRAWALS FOR CERTAIN
INSURANCE PREMIUMS
BE IT RESOLVED BY THE BOARD OF ALDERMEN OF THE CITY OF RIVERSIDE,
MISSOURI,AS FOLLOWS:
SECTION 1. The Board of Aldermen authorizes a change to the City's Deferred Compensation
Retirement Plan to allow qualifying public safety participants to make certain tax-free withdrawals for
purposes of paying health care or long-term care insurance premiums.
SECTION 2. The Mayor, the City Administrator, Human Resources Manager, and other
appropriate City officials are hereby authorized to take any and all actions as may be deemed necessary or
convenient to carry out and comply with the intent of this Resolution and to execute and deliver for and
on behalf of the City all certificates, instruments, agreements, and other documents, as may be necessary
or convenient to perform all matters herein authorized.
PASSED AND ADOPTED by the Board of Aldermen of the City of Riverside, Missouri, the 19"'day of
October 2021.
1
Mayor Kathleen L. Rose
ATTEST:
v
Robin Kincai.d,,City.Clerk