HomeMy WebLinkAboutResolutions - No. 83-109RESOLUTION NO. 83-109
A RESOLUTION AMENDING RESOLUTION NO. 4336 -
A RESOLUTION ADOPTING MANAGEMENT INCENTIVE
PLAN AS CITY POLICY
WHEREAS, Resolution No. 4336 was adopted by the City
Council of the City of Lodi on March 16, 1977, which
Resolution adopted a Management Incentive Plan as City
Policy;
NOW, THEREFORE, Resolution No. 4336 is hereby
amended effective the first pay period in July, commencing
July 4, 1983, to read as follows:
Section B. Deferred Compensation
"As a supplement to the City's deferred
compensation plan, the City will provide,
in addition to normal salary and contributions
to deferred compensation, an additional
contribution to expand retirement benefits.
For Classification A employees, an additional
1.5% of income; for Classification B, an
additional 1% of income will be added to
individually selected deferred income plan.
Employees will receive this during their
employment with the City of Lodi and cannot
withdraw it until they either retire or leave
the service of the City."
Dated: September 21, 1983
I hereby certify that Resolution No. 83-109
was passed and adopted by the City Council
of the City of Lodi in a regular meeting
held September 21, 1983 by the following vote:
Ayes: Council Members - Pinkerton, Reid,
Snider & Olson (Mayor)
Noes: Council Members - None
Absent: Council Members - Murphy
(lscct, -)�
- Rafy-&�'
Alice M. Reimche
City Clerk
83-109