Laserfiche WebLink
December 26,2001 <br /> Transf Om—If a transfer is associated with a distributable event and Ore <br /> distribution is an eligible rollover distribution as defined under Section 402(c)(4) <br /> of the Code,such transfer will be considered a Direct Rollover. <br /> Trustee to Truax Transfers to Purchase Permissive Service Credit—A <br /> Participant may elect to have all Ora portion of hismer Participant Account <br /> directly transferred to a defined benefit governmental plan(as defined under <br /> Section 414(d)of the Code)if such transfer is: <br /> (a)for the purchase of permissive service credit(as defined under Section <br /> 415(nx3)(A)of the Code)under such plan;or <br /> (b)a repayment to which Section 415 of the Code does not apply by <br /> reason of subsection(10(3)thereof. <br /> Councilmember Gipson questioned if Were will be an education program for the <br /> participants? Dean Kontos,Human Resources,answered that information is <br /> being provided through the open enrollment program. This resolution allows <br /> employees to put more money into Co deferred romp plan in a pre tax state Wan <br /> was previously allowed. <br /> Roll wa called with all councilmembem voting yea except Councilmembers <br /> Warnock and Campbell who were excused. <br /> Motion carried. <br /> AGREEMENT—CHIP LEGAL SERVICES <br /> Moved by Counellmember Pope,seconded by Couatllmember Anderton to <br /> authorize a professional services agreement with Mary E.Schmitt for CHIP <br /> legal services. <br /> Roll was called with all rouncihnembem voting yes except Cauncihnembers <br /> Womack and Campbell who were excused. <br /> Motion carried. <br /> 5, <br />