HomeMy WebLinkAbout~Master - Ames Municipal Utility Retirement Report RESOLUTION NO. 15-482
RESOLUTION ACCEPTING AMES MUNICIPAL UTILITY RETIREMENT REPORT
FOR THE CITY OF AMES
WHEREAS, the Municipal Code of the City of Ames, Iowa, Section 28.403 established a
participant review board elected from various utility departments that have members of the Ames
Municipal Utility Retirement Plan; and,
WHEREAS,duties of the Board are to monitor,review,and evaluate,on a continuing basis,
the performance of the Ames Municipal Utility Retirement Plan and report annually to the City
Council; and,
WHEREAS, the City of Ames is the plan sponsor for a 401(a) defined contribution
retirement plan,and this plan is available to employees who receive at least ten percent of their salary
funding from City of Ames utilities; and,
WHEREAS, Vanguard serves as plan administrator for the City; and,
WHEREAS, the Board met in May 2015 and passed a motion to accept the review and
contents of the Vanguard presentation, and to recommend that the relationship with Vanguard as
plan administrator be continued.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Ames, Iowa,
that the Ames Municipal Utility Retirement Report presented by the Utility Retirement Advisory
Board is hereby accepted.
ADOPTED THIS 11`h day of August, 2015.
_ OR 144,"o
Diane R. Voss, City Clerk Ann H. Campbell, Mayor
Introduced by: Goodman
Seconded by: Betcher
Voting aye: Betcher, Corrieri, Gartin, Goodman,Nelson
Voting nay: None Absent: Orazem
Resolution declared adopted and signed by the Mayor this I Ith day of August, 2015.