01/25/2011 Resolutions 2011-24RESOLUTION 2011-24
WHEREAS, The HEART Act allows the Plan to treat a Participant who dies while
performing qualified military service as re-employed and to receive benefit accruals and vesting;
and
WHEREAS, The City of Grand Island 457 plan does not include employer contributions
so accruals and vesting are not applicable; and
WHEREAS, The default option on the amendment is to not adopt this provision; and
WHEREAS, THE WRERA Act allows the plan to not process required minimum
distributions in 2009 to former participants age 70 '/z or older; and
WHEREAS, The Plan did not process 2009 minimum distributions for participants unless
requested by the participant; and
WHEREAS, This is the default option of the amendment; and
WHEREAS, The WRERA Act requires the plan to allow non-spousal beneficiaries to
rollover the 457 account to an IRA or another qualified retirement plan; and
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND COUNCIL OF
THE CITY OF GRAND ISLAND, NEBRASKA, that:
The attached Application of Amendment be signed in order to adopt the Interim
Amendment on behalf of the Plan. The Mayor is so authorized to sign the Application ofAmendment.
Adopted by the City Council of the City of Grand Island, Nebraska, January 25, 2011.
Attest:
RaNae Edwards, City Clerk
Approved as to Form n .,~
January 24, 2011 n City Attorney