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Time Social Security Alternative Retirement Plan and Trust as the City's <br />alternate to Social Security plan, effective immediately. <br />B. The City Council hereby re -appoints PARS as Trust Administrator and <br />Recordkeeper and Union Bank as Trustee for the 3121 Plan effective <br />immediately. <br />C. The City Council hereby re -appoints the Executive Director of Finance and <br />Management Services, or his/her successor or his/her designee as the City's <br />Plan Administrator for the 3121 Plan. <br />D. The City's Plan Administrator is hereby authorized to implement the 3121 <br />Plan, execute the PARS legal documents on behalf of the City and to take <br />whatever additional actions are necessary to maintain the City's participation <br />in PARS and to maintain compliance with any relevant regulation issued or as <br />may be issued or amended; therefore, authorizing him/her to take whatever <br />additional actions are required to administer the City's PARS 3121 Plan. <br />Section 3. This Resolution shall take effect immediately upon its adoption by the <br />City Council, and the Clerk of the Council shall attest to and certify the vote adopting this <br />Resolution. <br />ADOPTED this 2nd day of June. 2020. <br />X.M <br />ueQIA-P u i <br />Mayor <br />APPROVED AS TO FORM: <br />Sonia R. Carvalho <br />City Attorney <br />By: � ?— Uxvl-� <br />Lisa Storck <br />Assistant City Attorney <br />Resolution 2020-044 <br />Page 2 of 3 <br />