5425518 Resolution 21-39, Contract No. CFOPD-15-C-003, 457 Deferred Compensation and 401(a) Defined Contribution Pension Plans Approval Resolution of 2015

A RESOLUTION
21-39 

IN THE COUNCIL OF THE DISTRICT OF COLUMBIA

March 3, 2015

To approve multiyear Contract No. CFOPD-15-C-003 with ICMA Retirement Corporation to provide recordkeeping, administration, participant communication, education, investment management, and trustee services for the District’s 457 deferred compensation and 401(a) defined contribution pension plans.

 

RESOLVED, BY THE COUNCIL OF THE DISTRICT OF COLUMBIA, That this resolution may be cited as the “Contract No. CFOPD-15-C-003, 457 Deferred Compensation and 401(a) Defined Contribution Pension Plans Approval Resolution of 2015”.

 

Sec. 2.  (a) Pursuant to section 451 of the District of Columbia Home Rule Act, approved December 24, 1973 (87 Stat. 803; D.C. Official Code § 1-204.51), and section 202 of the Procurement Practices Reform Act of 2010, effective April 8, 2011 (D.C. Law 18-371; D.C. Official Code § 2-352.02), the Council approves Contract No. CFOPD-15-C-003 with ICMA Retirement Corporation for recordkeeping, administration, participant communication, education, investment management, and trustee services for the District’s 457 deferred compensation and 401(a) defined contribution pension plans for the Office of the Chief Financial Officer, Office of Finance and Treasury.

(b)      The proposed contract has a 5-year base term and 2 2-year option periods.  The proposed multiyear contract cost is not to exceed $34,273,174.06.

 

Sec. 3. This resolution shall take effect immediately.