Torrance

City Council

June 04, 2024 Order of Business 9 #B

Agenda Item B

9B. City Treasurer — Approve Amendment and Adopt RESOLUTION Approving\nAmendment to 401(a) Defined Contribution Plan for Fire Plan 98215-03, and\nAuthorize City Treasurer or Designee to Execute and Administer the Amended\nSection 401(a) Profit Sharing Plan. Expenditure: None.\nRecommendation of the City Treasurer that City Council:\n1) Approve an amendment to the 401(a) Defined Contribution Plan for Fire Plan 98215-03\nto allow participant after-tax contributions effective June 30, 2024: and\n2) Adopt a RESOLUTION approving an amendment to 401(a) Defined Contribution Plan\nfor Fire Plan 98215-03: and\n3) Authorize the City Treasurer or designee to execute and administer the amended\nGreat-West Retirement Services Section 401(a) Profit Sharing Plan for Government\nEmployers.