Loading...
1986-0304_ICMA RETIREMENT CORPORATION_Notice of Plan Acceptance,4D6.6 ��- Written Communications: Report dated March 4, 1986, from the Assistant to the City Manager, forwarding a Resolution establishing a deferred compensation plan with the International City Management Association Retirement Corporation. The plan was proposed as an additional deferred compensation plan for employees to use at their discretion; the current program with California Federal Savings and Loan will be retained. i� AYo �YV.QY YZ VVM..Viiaaw.. YY4GYViiGi( pGVVL.YGY y1' Councilman Buchheim, that the following Resolution be adopted: 8 A AA0VLUT.LUV U!" 'XnZ {.:1TY l:UU14"L Ur TUM l:1TY UY' SAN JUAN CAPISTRANO, CALIFORNIA, ESTABLISHING A DEFERRED COMPENSATION PLAN WITH THE ICMA RETIREMENT CORPORATION The motion carried by the following vote: AYES: Councilmen Friess, Bland, Buchheim, Hausdorfer, and Mayor Schwartze NOES: None ABSENT: None The Director of Administrative Services was designated as the coordinator for the program. � IC RE IREMENT t CORPORATION Notice of Plan Acceptance Assistant to the City Manager City of San Juan Capistrano 32400 Paseo Adelanto San Juan Capistrano, CA 92675 Effective Date. Account Number March 17, 1986 2227-19 J�rFr. NV Po I W KI14."45; Nacunoi, J: 2CK) We nave received and accepted your resolution naming the ICMA Retirement Cor- poration (RC) as your deferred compensation administrate Your participation is e`- tect!ve on ME above date As a member of the ICMA Retirement Trust, you are eiiginie to vote to- Trustee -- Elections are held annually in April. Ballots will be sent to your officiai pian cooroinatoa Please note vour emplover account number above. Eacn emplovee wno enroi!s the plan will receive an individua; account number prefixed o� this numoe, h v0 - have any questions please call us toll-free For the ICMA Retirement Corporation, Title. Treasurer Date March 17, 1986 ICMA RETIREMENT CORPORATION RM N CORPORATION TABLE OF CONTENTS 1. Employee Action Form: Use this form to enroll employees in the plan and to make changes in contributions, allocation of funds, or beneficiaries. 2. Contribution Statement: This form lists employees enrolled in the plan and their account numbers. Use the one enclosed to submit the first regular contribution. RC will automatically mail contribution statements two weeks before each contribution is due. 3. Tape Transfer Instructions: For employers who wish to submit contributions data via magnetic tape, RC provides instructions and format. 4. Employee's Quarterly Statement: This report of each participant's account lists all contributions, fees, earnings by fund, and the account balance. RC sends the report to each participating employee four weeks after the end of each quarter. A year-to-date statement of account is available upon receipt of a written request at any time during the year. 5. Annual Investment Report: Each participating employer will receive The investment report following each fiscal year. The report includes a listing of investments, an independent auditor's report and a detailed discussion of fund performance. RC will mail the report to any employee who requests it. 6. RC Notes: RC's quarterly newsletter, sent free of charge to all participants, provides information relating to performance of the investment funds, legal changes affecting deferred compensation plans, and other information of interest. 7• "A Tax Shelter For Your Future": A reference tool for new participants and for those employees considering participation, this book describes the plan's requirements and benefits, and helpsindividuals decide how much to invest and which funds best suit an employee's financial situation. 8. "Guide to Benefit Payments and Emergency Withdrawals": This booklet contains information relating to withdrawal of funds and setting up benefit payment schedules, as well as application forms for early withdrawals and benefit payments. 9. Payroll Stuffers: Two leaflets, "Defer taxes and invest for your future" and "Did you need an IRA this year?" are available to employers to publicize the plan or upcoming enrollment meetings. 10. Employer's Annual Statement (not included): This consolidated statement, sent each February, lists all deposits, fees, and earnings by fund, and gives account balances for each participating employee as of the end of the fiscal year (December 31).