NUMB:
971477
VERS:
SUBSTITUTE 2
REF:
960228
XXBY:
ALD. NARDELLI
TITL:
A substitute ordinance relating to creation of a deferred compensation plan board.
SECS:
320-17 cr
ANLS:
- Analysis -
This ordinance codifies resolution provisions relating to the composition and duties of the deferred compensation plan board. In addition, this ordinance requires certain city employes appointed to the board, and the designees of certain board members, to be members of the city's deferred compensation plan at the time of appointment.
BODY:
The Mayor and Common Council of the City of Milwaukee do ordain as follows:
Part 1. Section 320-17 of the code is created to read:
320-17. Deferred Compensation Plan Board.
1. CREATION. a. There is created a deferred compensation plan board consisting of 9 members:
a-1. The mayor.
a-2. The chair of the common council's finance and personnel committee.
a-3. The city attorney.
a-4. The city comptroller.
a-5. The city treasurer.
a-6. The director of employe relations.
a-7. One management plan employe appointed by the mayor for a term of 3 years.
a-8. One nonmanagement plan employe appointed by the mayor for a term of 3 years.
a-9. One nonmanagement plan employe appointed by the common council president for a term of 3 years.
b. Members listed under par. a-1 to 6 may designate designees, and must do so in writing to the city clerk's office. Such designees may represent their respective principal members and exercise all powers of those members when such members are unable to attend board meetings.
c. The following members must be members of the city's deferred compensation plan at the time of appointment:
c-1. Members appointed pursuant to par. a-7 to 9, commencing in 1998 when terms expire for such members.
c-2. Designees of members listed under par. a-1 to 6, commencing on the effective date of this ordinance [city clerk to insert date].
d. Members appointed pursua...
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