Resolution 2618
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RESOLUTION NO. 2618
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A RESOLUTION OF THE BOARD OF DIRECTORS OF
SOUTH TAHOE PUBLIC UTILITY DISTRICT
AUTHORIZING AMENDMENT TO THE DISTRICT
PENSION PLAN
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BE IT RESOLVED, by the Board of Directors of the South Tahoe Public
Utility District, County of EI Dorado, State of California, as follows:
WHEREAS, the South Tahoe Public Utility District established its Money
Purchase Pension Plan (the Plan) on July 1, 1 968 and amended such Plan on January
1, 1994 and July 2, 1994;
WHEREAS, the Plan was written to be a qualified Plan under Code
Section 401 (a) of the Internal Revenue Code;
WHEREAS, the Internal Revenue Service requires an eligibility change to
comply with non-discrimination rules;
THEREFORE BE IT RESOLVED, that the South Tahoe Public Utility District
. Board of Directors authorizes the trustees to amend Section 3.1 of Article III of the
South Tahoe Public Utility District Pension Plan to provide that eligible employees may
participate in the Plan after completing one year of service.
PASSED AND ADOPTED at a duly held Regular Meeting of the Board of
Directors of the South Tahoe Public Utility District on the 1 st day of June, 1995 by
the following vote:
AYES:
Strohm, Mason, Jones, Mosbacher
NOES:
None
ABSENT:
Wallace
Resolution 2618
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ATTEST:
7 KATHY S
SOUTH T
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DUANE WALLACE, PRESIDENT OF THE BOARD
SOUTH TAHOE PUBLIC UTILITY DISTRICT