Number
111508
Version
SUBSTITUTE 1
Reference
Sponsor
ALD. MURPHY
Title
A substitute ordinance relating to the composition of the deferred compensation plan board.
Sections
320-17-1 rc
Analysis
This ordinance increases the number of members on the deferred compensation plan board to 11 by adding one member who is receiving a service retirement allowance from the employes’ retirement system, appointed by the common council president.
Body
The Mayor and Common Council of the City of Milwaukee do ordain as follows:
Part 1. Section 320-17-1 of the code is repealed and recreated to read:
320-17. Deferred Compensation Plan Board.
1. CREATION. a. There is created a deferred compensation plan board consisting of 11 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. The executive director of the employes’ retirement system.
a-8. One member receiving a service retirement allowance from the employes’ retirement system, appointed by the common council president.
a-9. 2 employes appointed by the mayor for a term of 2 years.
a-10. One city employe appointed by the common council president for a term of 2 years.
b. Members listed under par. a-1 to 7 may name designees.
c. The following members shall be members of the city’s deferred compensation plan at the time of appointment:
c-1. Designees of members listed under par. a-1 to 7.
c-2. Members appointed pursuant to par. a-8 to 10.
d. Members appointed pursuant to par. a-8 to 10 shall be confirmed by the common council.
e. Members appointed pursuant to par. a-8 to 10 shall be appointed no later than 60 days after the third Tuesday in April in even-numbered years to 2-year terms expiring on the third Tuesday of April 2 years thereafter. When a vacancy occurs in a board position, the appointing authority shall make an appointment ...
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