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MIRANDA GILBERT Staff Writer Guymon Daily Herald
The City of Guymon’s employee retirement system is up for discussion. City Council will review a new ordinance, No. 715, which would adopt a new system defining a contribution plan for department heads, establish a retirement committee and more at Thursday night’s meeting. The ordinance on the agenda lists specifications for retirement benefits for eligible employees providing for purpose and organization; providing for definitions; providing for eligibility and participation; providing for non-alienation of benefits; loss of benefits for cause and limitations of benefits; providing for employer and employee contributions; providing for accounting, allocation, and valuation; providing benefits; providing for required notice; providing for amendments and termination; providing for transfer to and from other plans; creating a committee and providing for powers, duties, and rights of retirement committee; providing for payment of certain obligations; providing for duration and payment of expenses; providing for effective date; providing for vesting schedules; providing for a fund to finance the system to be pooled with other incorporated cities towns and their agencies and instrumentalities for purposes of administration, management, and investments part of the Oklahoma municipal retirement fund; providing for payment of all contributions under the system to the treasurer of City of Guymon, and for transfer of such contributions and fund assets to the Oklahoma Municipal Retirement Fund for management and investment; adopting those amendments mandated by the internal revenue code (egtrra); providing for employer pickup of required contributions; providing for repealer and severability, and declaring an emergency. The agenda also lists discussion and possible action on ordinance No. 716, an ordinance amending the employee retirement system, defined contribution plan for the City of Guymon; providing retirement benefits for eligible employees of city of Guymon, Oklahoma; pertaining to the definition of employee; providing for employer pickup of required contributions; providing for repealer and severability; and declaring an emergency. Council will also review the recommendation by the Convention and Tourism Board to deny Artist Incubation’s New Year’s Eve ball drop initial request for $1,000 in funding. At the last CT board meeting, no action was taken to approve the request and the board requested that the applicant return to the December meeting with a presentation that includes an event description, budget and schedule for proper authorization of funds. Other topics for the meeting include: administration of sales tax ordinances, administration of the use tax ordinances, possible action on resolution No. 07-21 a proposal for construction of an animal shelter. Guymon Utilities Authority trustees will meet following City Council to approve purchase orders. Members will then reconvene as the employee retirement board to discuss a request for a lump sum distribution for Rita Hill, formerly the head of dispatchers for Guymon Police Department. The meeting will be held in City Council Chambers, at 219 N.W. Fourth St. beginning at 6 p.m.
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