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HomeMy WebLinkAboutResolution 2017-10 Amending/Restating Defined Benefit Plan & Trust RESOLUTION NO. 2017 - 10 A RESOLUTION OF THE CITY COMIVIISSION OF THE CITY OF WINTER SPRINGS, FLORIDA, AMENDING AND RESTATING THE DEFINED BENEFIT PLAN AND TRUST FOR EMPLOYEES OF THE CITY OF WINTER SPRINGS; PROVIDING FOR CONFLICTS; PROVIDING FOR SEVERABILITY;PROVIDING AN EFFECTIVE DATE. WHEREAS, the City Commission of the City of Winter Springs has determined that certain changes to the City's Defined Benefit Plan and Trust are in the best interest of the City, its employees and taxpayers; NOW, THEREFORE,BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF WINTER SPRINGS, FLORIDA: Section 1. That the City of Winter Springs hereby amends and restates the City of Winter Springs Retirement Plan (attached hereto as Exhibit "X'). This Retirement Plan restates and supersedes the Defined Benefit Plan and Trust for Employees of the City of Winter Springs, as adopted on March 23, 1998, restated on November 10, 2003, as amended. Section 2. That this resolution shall supersede any and all conflicting provisions of any previously adopted resolutions. Section 3. That should any section or provision of this resolution or any portion thereof, any paragraph, sentence, or word be declared by a court of competent jurisdiction to be invalid, such decision shall not affect the validity of the remainder hereof as a whole or part thereof other than the part declared to be invalid. Section 4. 00889658-1 1 That this resolution shall take effect upon adoption. PASSED and ADOPTED this 13 day of November , 2017. cf MAYOR ATTEST: 00889658-1 2