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HomeMy WebLinkAbout2018-06-25 18-261 Order 06/25/201818-261 06/25/2018 18-261 Human Resources Order N/A Title, Order Authorizing the City Manager to execute an addendum to the current ICMA-RC 401(a) Direct Contribution Retirement Plan for the Firefighter, Police Patrol, and Police Command employees. This order authorizes the City Manager to execute an addendum to the current ICMA-RC 401(a) Direct Contribution Retirement Plan number 107798 for the Firefighter, Police Patrol, and Police Command employees, effective July 1, 2018. This order will allow for the increase in both the employee and employer contributions to the ICMA-RC 401(a) Direct Contribution Plan to match the required contribution levels established for the Maine State Retirement Special Plan 2C, for both the employee and employer. Council Workshop 06/25/2018 Recommend for passage Consent 06/25/201818-261 CITY OF BANGOR ORDER 06/25/2018 18-261 Supica Authorizing the City Manager to execute an addendum to the current ICMA-RC 401(a) Direct Contribution Retirement Plan for the Firefighter, Police Patrol, and Police Command employees. Whereas; the addendum will allow for the employee and employer contributions to the ICMA-RC plan number 107798 for the Firefighter, Police Patrol, and Police Command employees to match the employee and employer contribution levels established by the Maine State Retirement System Special Plan 2C. Whereas; the employee and employer contribution levels to the ICMA-RC Plan number 107798 will remain at the current levels for all other employees of the city. Be it Ordered by the City Council of the City of Bangor that, This order authorizes the City Manager to execute an addendum to the current ICMA-RC 401(a) Direct Contribution Retirement Plan number 107798 for the Firefighter, Police Patrol, and Police Command employees, effective July 1, 2018. IN CITY COUNCIL JUNE 25, 2018 CO 18-261 PASSED CI LERK