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<br /> . - <br /> RESOLUTION NO. 13 <br /> Series 1980 <br /> A Resolution for the Establishment of a Public Employees' <br />Nonqualified Deferred Compensation Plan. <br /> WHEREAS, the City of Louisville has in its employ certain <br />and various personnel; a.nd, <br /> 1i'lHEREAS, said E:mployees are and will continue to render <br />valuable services to the City of Louisville; and, <br /> WHEREAS, the City Council has determined that it is in the <br />employees' best interest to adopt a Nonqualified Deferred Compen- <br />sation Plan; and, <br /> WHEREAS, it shall be beneficial to the City of Louisville <br />and to its employees to be able to assure reasonable retirement <br />security to said employees and the City will be more able to attract <br />competent and qualified employees upon adoption of a Deferred <br />Compensation Plan. <br /> NOW, THEREFORE " BE IT RESOLVED that the City Council of <br />the City of Louisville herE!by adopts and establishes a Public <br />Employees' Nonqualified Deferred Compensation Plan for City employees <br />and hereby authorizes the Mayor to execute the Nonqualified Deferred <br />Compensation Plan with Metropolitan Life Insurance Company. <br /> Passed and adoptE~d this eighteenth day of September, 1980. <br /> ~~u~.fl tt:~g~,d <br /> ayor <br />ATTEST~ <br />/1 <br />~dl ~.IJ <br />City Clerk <br />