01/09/2007 Resolutions 2007-8
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RES 0 L UTI 0 N 2007-8
WHEREAS, on August 1, 1976, the Grand Island Library Board instituted a pension
plan, administered by Wells Fargo, for library employees with at least one full year of service and
working at least 1,000 hours per year; and
WHEREAS, on June 12,2001, by Resolution 2001-147, the City of Grand Island
authorized Group Annuity Contract 21074 with Ameritas, effective January 1,2002, for the City of
Grand Island General City Employees Pension Plan, including any and all city library employees
hired after June 12, 1991; and
WHEREAS, it is necessary to amend such contract to include any city library
employees covered under the pension plan administered by Wells Fargo.
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND COUNCIL OF
THE CITY OF GRAND ISLAND, NEBRASKA, that the amendment to the General City
Employees Pension Plan is hereby approved for the City of Grand Island General City Employees
Pension Plan, and that the plan be amended to maintain fiduciary responsibilities.
BE IT FURTHER RESOL VED, that the Mayor is hereby authorized and directed to
execute Amendment Number 3 to the Grand Island General City Employees Pension Plan as set out
above.
Adopted by the City Council of the City of Grand Island, Nebraska, January 9, 2007.
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Attest:
Qof\aJL. ~~
RaNae Edwards, City Clerk
Approved as to Form c?1:t~)
January 4, 2007 C City Attorney
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