HomeMy WebLinkAboutD-886 Deferred Compensation BanORDINANCE D-886
AN ORDINANCE OF THE COMMON COUNCIL
OF THE CITY OF CARMEL, INDIANA AMENDING
CHAPTER 2, ARTICLE 3, SECTION 2-56A, OF THE CARMEL
CITY CODE BY DELETION OF SECTION I (b)
WHEREAS, the City of Carmel has established a deferred compensation
plan for all eligible employees; and,
WHEREAS, the Common Council believes it is in the best interests of
the City of Carmel and the City's current and future employees to
lift the deferred compensation enrollment plan ban; and,
WHEREAS, PEBSCO and Lincoln National have fully cooperated with all
requests by resolving problems which prompted the ban; and,
WHEREAS, Section I. Chapter 2, Article 3, Sections 2-56A letter
"b" now reads: "b. This section (2-56A) will expire 180 days
from its enactment."
NOW, THEREFORE, BE IT ORDAINED by the Common Council of the City of
Carmel, Indiana that:
Section I, Chapter 2, Article 3, Section 2-56A "b." shall read:
b. This section (2-56A) will expire effective with the date of
passage of this ordinance. (D-886)
PASSED by the Common Council of the City of Carmel, Indiana this
/~ ~ day of ~i~ , 1993
ATTEST:
· nscn~
Presiding Officer
PRESENT~, by me to the Mayqr of the City of Carmel, Indiana this
~ ~ day of ~r,~ , 1993.
ATTEST:
E. ~o~Dn, Mayor