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Home My WebLink About28705 / 77-29, March 3, 1977 # �9 RESOLi7TION PURPOSE: TRANSFER ICP�IA ACCOUNT OF GORDON JAEGER TO . CITY OF BATTLE CREEKs MICHIGAN INITIATED BY: ICMA BE IT RESOLVED by the Common Council of the City of Oshkosh that the prop�r City officials are hereby authorizecl and directed to enter int� an appropriate agreement with the International City Managers Associati�n to transfer Gordon B. Jaeqer`s accaunt from tl�e City of Oshkosh, Wisconsin to the City of Battle Creek, biichigan. -2y- 5 _ �, � - � 7 �_T A .. L''- � i _ -':? �, �}�'��i. �i�_ ��, � � � �� _ ��s �,� . . � . ,�� , ?��x '` _ ,. , �, ... : �- ��s . ., „ � , . _�. ;� � . - ., � `�xns�so�. �^.�n�otsaid's�.y �� m�; .w�a�.it8$?1d..��"'`� �y��' a — _ ' . "'�Yr,..v_. ¢ ' . C�"i' Y Q rl°'" B:�. T T�..,. ��. E�C , [� ! C t-� 1 G�i f�i � P. O. !OX t]17 49018 �t L•s') �� . \.;�� d;...,_,�.� CfYI� .'t'^C '4c` tf� � -(.s�--�-'- � % �:\ [�IRECTOR OF FINANCE � I,�q-=�"�_#:�':t � ROOM 200. CITY HALL _-------- — — = � t'j � :==�� ----------------------- _ _ �lj� �� Ch March 21, 1977 Mr. Peter L. DeGroote, G:-r.�.��al. Man��,er Tr?•�n R,E-�-irA�,�>�t CnT'F02''�t� �>-. 1140 Coi�z�ecticut Avenue, ::�-^�=iz.'ea� � Tr7ashing�tan, D.C. 20036 Dear rSr. DeGroote: Att��ched you will f�ncj a copy of the Tripartite �gre�ment betc:eeri the City of Oshko�h, former empl.oyer, City of Battle Creek, current employer an�« Mr. Gordon B. Jaeger, City rianager, transferring the deferred c:��mPensation iunds. I believe the attach�=�I satisfies the necessary requirement to al7.ow tr�e transfer of f�.��d�- If any additional inf<><'ma�ion is required, please advise. ThanJc you for your co��;.�er�ation in this ma-tter. . Yours truly, �' �;�%'��.�y �� ; . �� ? �nn ?�i. Corbli� � � f�_.�c.��:-� ,.__- . ir:a.._� � JMC/lcr �'��y Clerk, Oshkosh✓ cc: Mr. Converse C. M��r�"'' �,`;y Clerk, Battle Creek Mrs. Lorraine (3iic=l:r'`'t'•r,�-_� Manager, Battle Creek Mr. Gordan B. J<-�c�F�,�-r�, ' 0 m— �,,.__ � , , �-.:;, _r,� j IRL�•I�:.tiT CORPORATION --:�i p� ?�TIT�.. r1GRE�?IENT �� 1 �'� , ��..: �� ,l �Z ��;� I 1�;�'1 � �.�C )�Z �'( )IZ : � ll I( )\ 1140 Arca Code 2�2 Connecticut 293-2716 Avenuo Northwest Washingion DC 20036 . .. ^,:►e following definitions and facts apply to this agreement: Dz`e of This Agreement: �_s�7,,01'ER A� Citv of Oshkosh who has entered into a Trust Agreement witn the IC�� Retirement Corporation. � ��_?LOYER B: Cit of Battle Creek who -has entereri- intn_ a Trust_Agreement --with the IC'�i� Retzrenent Corporatio;i. E`',_�LOYEE: Gordon B._ Jaeger Previous�.y employed by E;�ployer D�^.=.RR�D CO:�.PE\SATION AGP.r.E�iENT A: An agreement between Ernployer A and the Employee for which Deferred Compensation Account A nu��bered: . 3 7-31 . has been establ.ished. D.J.� ER?. :D CO'�IPE`ISATION AGREEP-SE`IT B: An agreement bet�•reen Employer E and th� Employee �or which Deferred Compensation Account B numberec: �72-16 has been established. AGREE�iENT, made and entered into this day betw�en Employer A in whose employ the above named employee has previously served ar:d Employer B, and between the Employee and Employers A and B. S•7HERE1IS, Employer A has entered into Deferred Compensatzon ��loyment �'�grecment A�:�ith the Em�loyee, and Trust 1lgrcement A with thc IC_•'�i Retirement Corporation; and, � ' - ... • - - . �. .. i: �. ,1 � �i .� �.. 1. �. .. !.. , . .�!�: � n�t..� �.ri�l �.Lr. .. ...d�• .r,�: t�.i .d �� .i ri.ri��;ni i�mL:l U�r •.p .ir.�a .,. ,. rJ , .. � . . - � . . n � • • . . . ... L �.�..!.� .. �... .. .� .d i �.. , ,n,� �•� . • . � . �. .�n 1�„rq.� ..,�n �. !.' ..,� �.�L..n a I��.�,n ,�..�1 1 . .. , � �' � � • - . � � . . .. � . , .. ..� A . , �e. � • ,. . . � � I�. .�.� .. . t P � � � . • A..�.�.�. .ir� ..� ..��, ��1 I�Lrn., �.� t iu„ , �r. • P•,.. .. ._ .,.. . , . . . � .. . � . � .w. � ..' . � .�� • .. ..t,� �� - ..� ....1 � . .:. \.�n..�..�.:..d. � ,�.t� � . d,....'d Ii. � i: • �` :... . � . . .. . . . . • � . � .��}.��. ... ..i !' � . • . ��I�� .� � ,A' .�....�. , .� ..1 i•�r�,��t l .�. ��i.v�'. • 1��1. ,�..�f.�.�..11 11.�.1.: � ..�1 '.�,. � . ��- ! t . . . . � .. +.. . �. .. . . �...� � .., � , _ _. _ _ . . . __—.__� i.r.�� . —_��°�� To Emp7.oyer A: . Employer B: City i,sanager City of Oshkosh 215 Church Avenue Oshkosh, P7I 54901 City Manager City of Battle Creek P.O. Box 1717 Battle Creek, MI 49Q16 Employee • j`'Ir. Gordon B. Jaeger � City P�ianager City- of Bat�l.e Creek 400- Capital _Avenue, SW _. Battl� _Cra�k-, MI 49017 �� ,/r�1� �Z A'J1 T�i. ��J 1 TrI` '�� ,f�,.� tJ\�A� �,C /��L 3.,��1� /a \T 1140 Area Codc 202 Connecticut 293•2200 Ave�uo North�vest Wachinglon DC 20036 _ ;+ � ; J � � `� �--i' t--..� .�J' C`' 1�-� .1?-�i �!� i ': ; i.� - - �' x�'S SUBJECT;-- Tripartite Agreement for Transfer'ot Deferred Compensation Funds The: above er.lnloyee has �articipated in the IC��IA-P,C deferred co^- pensation olan with er,�loyer A(abov�jand is currentZy a partici- pant. v�ith-enployer B (�ove� . A primary. purgos�_-af the ICI�IA=R�-plan_-is to provide�-p�rtabilitv ------ -- of re�iretnent_bene�its for-mobile �ublic'sersrants. To simplify the-admiriistrative procedures related to the--plan; -its desicrn provides �or the transfer of deferred_compensation funds from the o�mersh?p of one empio�er to another, subject to the condi- tions imposed by the Internal Revenue_Service U�hich are incor- po_rated irzt� the enclosed tripartite agreement. . You are requested to sign the enclosed �lace and return it to us, retaining a Upon receipt of an executed agreement we 4ri11 effect the transfer and advise f ,� �� - y, -- - � �� r r� /. % —r`� � �_�r' "i.,%� cr-�1: I'e ter I., Ur�C;rc�otc ' � G�:r.cral i•1anr�qc:r agreement at the anpr.opriate cony for your records. from all threc parties you of the action. /� �G� 3 ��,� Datc 71c IG!•A i+.,t,r�,mnnt f_a>rpornt�un i� Iliu ndmuilsUntu� nt n�1u(urruA c��m;:nn;ntlon n��invnunl pinn fof slnto nnd lnrbl Qo�,nrmm�nl un�t.�� the ,�,on.�.,ni� of /n•..•r .7 ....�1 (.�!> 11...�. j...n.,r�l /1v.�� U��.n • tl��la.nnt 1��•.t�t��h� c,f /.4��i�.�1..J l.iw <:tf�� ni� • lniniu nn 1'�l�lu. L:�,��a Mew InUUn • f.1un�� y�nl 1 u��.n... (� " ..a �� /. > >�.� i.�l��.i� • tr�!�•i:�.�t�•��.�1 1'��t�ri��l l.I��.��.��.1 R��..i �.�I�..ri � /.�i�.�r�..nii I��.t�l��l�� .�f f'I��ri��.��! • Ai��t�� n�� '.<.�.I.�1 l ill�� i��1 � • y �•f 1'lu��run�l I�� .. o�� '. � u.l� l.d 1"..I.b�. l�lr�uiu�J�nln.n •/1��.��r..�u 1'�.:.6�. I'�.wrr A-��..�.�nh•�n • ��..ii.i�.�y lll(i� �.�I�� m�d (.i�q.� RJ�n�ni�lrutun hdn/n.�h�mel, In� • tl.d �.�I f•� . .. .�� .t L.,.��nh..s • Nnt�..nnt l. n�uu ul (.iln.a • Anmru nn Ae��n.�nl;un ul Aup.�ti l.. � uhv��a .•• � S•7Y.E?�AS, Er;�ployer 71 has maintained I3eferred Compensation � �yccou;�� c;ith the ICt�,�� Retirement Corporation, and has o�::ncrship �,, co:�inion, control a„d rig:�t of withdra;aal. of the funds of said � account �ogether with the assets and accumulations thereof, pursuant to said Trust �greer�ent; and, t�':-iERE�1S� Employer A is now fiscally independent of the funds, �ssets and accumulations in Deferred Compensation Account A witli tne IC�•IA Retirenent Corporation and has no reason to believe tha� there is or will,be in �he ioreseeable future any necessity for it to use said funds, assets and accumulations for the payment of clai,;ts of its general creditors : and, S•�:i:.P.E�S, tne Er�ployee is no Ionger employed by Employex A and is now e�:�ployed by Eraployer B; and, P�-iERF,AS, Eri�loyer A desires to avoid the continued expenses of r.�ir_tair_ing records of D�ferred Conpensation Account A and of ex��ning and �iling annual reports thereto with the ICi•ZA Retire�:��:�t_-Cor�ora�ion_, �-�d .furt�.er desires to be released-fro:n- its _ contractual obiigation �o pay -deferred comnensation�-to the-Er:�ployee __ u�.�on_ h� s re�ire� ent, perrianent d.isa}�.iiity or rleatY3 �- in consi.�eration _ �or �:T�ic� En�ioyer � is w� ? ling--to transfer-abso�.ut�- ownership, do,�i.inion, conzrol and _rig�t _ai z•rithdracval--�� the_ .funcis ,_ assets and accur�tulavions in Deferred Cor�pensation Account A and, SriHEP.EAS, E;nployer B nas entered into Deferred Compensation Enplo�n�nt Agre�ment B with the Employee and Trust Aqreement B wit'1 the IC'•� �etirzment Corpora�ion, and has opened Deferred Compensation r?ccou.�t B with . ��e IC�iA RP�ireraent Corporation with respect to which �r_�lo�er B-has= the :._owners:-�i�_, _dominion, control and�right of with- drarr�l of all Tunds, asse�s and accumulations therein, pursuant to s�id irust _P_gree:n�nt; and, S�THE�EAS, �ployer--B -is wil�:ing to maintain-_•ail- rec�rds �nd ex�-aine _and-file all reports witn respect .to Deferred Compensation hccou:�` A witn the IC'SA P.etirement Corporation and is further willing to asstu�r.e all contractual o�ligations of Emnloyer A to the Er::oloyee u�d�r t�e Ueferred Cor.m�ensation Employment Agreement A in excnange �or ti�e trans `er to Enployer B by Employer A o.t the o�mership, �p,::1:!1on� control and rig�t of withdra��al of the funds, assets and �ccu-::u]_f�tions in Deferred Co�npensation Account A with the ICi;A pe�ir`�:�nt Corporation; and, F'HEREAS, the Employee, as an accommodation to his past and pYesent ezr�ployers, is willing to release Employer A from any and all obliga�ions und�r Deferred Compensation Employment Agreement A and to st�stitute and accept Eraployer II as the obligor and debtor under said tigreem�ant. N0:7 T�iERrFORE, in consideration of the above, the parties :��r�to agrce as follocas : � 4 ' t 1:� �: F i� :,�4 P y, ., ) l�� . .. `^ ' . • ' t �y.t j. . : '" , . . , . . .. , . ... . . . . . . . .. ..�. ... . . ..,a-...... � �... . .-. ..,_ .ro _c , . u a . .� , . r... . .. „ �v��;$9te+lC.s: ^sefa4YffSA:4f>T.�l'dm"...�_._6eytrr.a4«(ti �. � � � 1. Employcr 11 will direct the IC�I11 Retirement Corporation to transfcr t11c ownerstlip, dominion, control and riglit of witii- draw�zl of the funds, assets and accumulations in its Defcrred Compcnsation �lccount 11 to Employer B's Deferred Compensation Account II with the Retirement Corporation, or to a new com!�ined numi�ered 1lccount if �he rules and regulations of the R�tiremen� Cozporation so requzre. Thereafter, Employer 11 will not claim or exert any ownership, dominion, control or right of withcirawal of such+funds, assets and accumulations. . 2. Employer B agrees: (a) To maintain records and examine and file all xeports with the Ret�.rement Corporation with respect to all funds� asset� and accumulations presently in Deferred Compensation Account A; and, (bZ T� assee�undercDeferredaCompensationSEmploymentcAgreemen�er- Eriploy 3. The Employee agrees to release Employer A of all contractual obli�ations under Deferred ConpensatioB asptheMObligor�andndebtar and to substitute and accept Er�.�loyer of sucti obligations under said Agreement. 4. S. Xt i.s understood that Employer B shall have the absolute ownership, dominion, control, and right of withdrawal of said funds, .assets, and accumulations tr�nsferred by this Agreer�en� and that the Employee shall have no interest or claim by way oT trusf:, escrow, annuity or other��ise, in and to such specific funds, assets and accumulationso It is further understood and agreed that nothing contair_ed herei:� Sh all acceJ_erat.e the Emoloyee s right to receive deferred compensation under his Deferred Compensation Employment ag�le��o A and that said deferred compensation shall be due and p y the Employee or his beneficiary only upon the eariier of the Employee's retirement, permanent disability or death. arties hereto have �et forth their IN jaIT2�E55 W�iEREOF, the p- signatures and affixed their seals on the day and year first above- wri.tten. � ATTEST : Cit of Os ']cosh EI �'T.�OYE R A / �'v -tCZ�C'- � . ,2 / �- l �.�� CONVERSE C, MA.RK , ity Clerk BY= - � WILLIAM D. FRUEH,' City I�2anageY S E11.L City of Battle Creek EMPLOY�R �3 I3y : �,is. z�'��_!'✓ � • f"�fi/�-J�",-��', ��'V'� �✓ � � /�� `/ �Xy ,� .��J�-, . j � Ehli'LOY1° ; �_ � � :, .,. . � ...r. ...,: 4 : , ,.:.-,, , . � �s� `� , � � �. � r ,, . ... . .-. �,. g,, �, s�s, " , � �- ..�w ��.c..�r .s�.�k. s�� .�,�,; �n`��K} a�s� ;i-+`w` $�"�`. rn N � � � � O U U � � � U H �,� � . � � � O iz0 � o a� � +� c� � o o � � .� o �� o 0 � o c� Ti � +� � .� � \. N � � � � a� .�, � � � � ti p� � '� � � N M ('�\ � L� U U � � � � Cd � u