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Section 2. The City Council of the City of Santa Ana hereby authorizes the <br />implementation of the PARS Trust Supplementary Retirement Plan for said twenty-five <br />(25) POA retirees, as part of the City's Retirement Program. <br />Section 3. The City Council hereby appoints PARS Trust as Trust <br />Administrator and Record keeper for the Plan. <br />Section 4. The City Council hereby authorizes the transfer of funds to a <br />financial institution as agreed upon by PARS and the Plan Administrator as soon as <br />administratively feasible. <br />Section 5. The City Manager and the Executive Director of Personnel Services <br />are hereby authorized to execute and submit the Administrative Services Agreement, <br />Trust document and any other documents necessary to implement the PARS Trust <br />Supplementary Retirement Plan for said twenty-five (25) POA retirees, on behalf of the <br />City. <br />Section 6. The City Council hereby appoints the Executive Director of <br />Personnel Services, or her designee, as the City's Plan Administrator for the Plan. <br />Section 7. The City's Plan Administrator is hereby authorized to implement the <br />Plan and to take additional actions as necessary to maintain the City's participation in <br />PARS, maintain compliance with any regulations regarding the Plan, and to administer <br />the PARS Trust Supplementary Retirement Plan for said twenty-five (25) POA retirees, <br />on behalf of the City. <br />Section 8. If the City's Plan Administrator finds that the PARS Trust <br />Supplementary Retirement Plan for said twenty-five (25) POA retirees must be limited <br />under Section 415 of the Internal Revenue Code, then the Plan Administrator will <br />implement replacement benefit programs at no additional cost to the City. <br />Section 9. This Resolution shall take effect immediately upon its adoption. <br />Resolution No. 2011-024 <br />Page 2 of 3