HomeMy WebLinkAboutResolution 2006-15- The Board of Directors City of Rexburg~ REXBUg~,
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REXBURG
America's Family Community
RESOLUTION N0.2000 -15
THE BOARD OF DIRECTORS
CITY OF REXBURG
FOR THE ADOPTION OF PROVISIONS OF THE FINAL REGULATIONS UNDER
CODE SECTIONS 401(x) AND 401 (lam AND PROVISIONS OF THE PROPOSED
REGUATIONS UNDER CODE SECTION 415
On December 20, 2006, the following resolution to amend the City of Rexburg Salary Reduction
Plan were duly adopted by a majority of the Board of Directors of City of Rexburg and that such
resolutions have not been modified or rescinded as of the data hereof
RESOLVED that the form of the Amendment presented to this meeting is to:
- Comply with change to Hardship Distributions, Plan Aggregation, Distribution restrictions
from Effective Deferral accounts, Rule of Parity, Timing of Contribution and rules
regarding Highly Compensated Employees made by the finalization of the Fina1401 (k) and
401 (m) Regulations effective for Plan Years beginning on or after January 1, 2006.
RESOLVED, that this amendment be effective January 1, 2006;
RESOLVED, that the proper Officers of the Employer shall act as soon as possible to notify
employees of the Employer of the adoption of this amendment.
RESOLVED, that the proper Officers of the Employer be, and they hereby are, authorized and
directed to execute any and all such documents and to perform any and all such acts as may be
necessary and proper to effect the foregoing; and
PASSED BY THE CITY COUNCIL AND APPROVED BY THE MAYOR THIS 20~ DAY OF
DECEMBER, 2006.
CITY OF REXBURG
Madison Cou ty, Idaho
By Gr /~`--
awn Larsen, Mayor
THE UNDERSIGNED, does hereby certify that the foregoing is a full, true and correct copy of the
Resolutions duly and regularly adopted by the Board of Directors of said Employer.
ATTEST:
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Blair D. Kay, City Clerk