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RESOLUTION NO.IO SERIES 1983 A Resolution Establishing a Deferred Compensation Plan. WHEREAS, the City of Louisville has in its employ certain personnel; and, WHEREAS, said employees are and will be rendering valuable services to the City of Louisville; and, WHEREAS, the City has considered the establishment of a Deferred Compensation Plan for the said employees made available to the City of Louisville and to said employees by the International City Management Association Retirement Corporation; and, WHEREAS, said employees often are unable to acquire retirement security under other existing and avaiable retirement plans due to the contingencies of employment mObility; and, WHEREAS, the City of Louisville receives benefits under said plan by being able to assure reasonable retirement security to said employees by being more able to attract competent personnel to its service, and by increasing its flexibility in personnel management through elimination of the need for continued employment for the sole purpose of allowing an employee to qualify for retirement benefits. NOW, THEREFORE, BE IT RESOLVED that the City of Louisville establish said Deferred Compensat~on Plan for said employees and hereby authorizes its Mayor to execute the Deferred Compensation Plan with the International City Management Association Retirement Corporation, attached hereto as Appendix A; and, IT IS FURTHER RESOLVED that the Chief Accountant may, on behalf of the City of Louisville, execute all Joinder Agreements with said employees and other eligible officials and officers which are necessary for said persons participation in the Plan, and example of which appears at Appendix B, except that any Joinder Agreement for said designated official shall be executed by the City Administrator. Passed and adopted this 1st day of March, 1983. ~~A~'A~~ Mayor ATTEST: (Ph/J /7'/, 7J~~L~h City Clerk