The city manager or designee is directed to enter into appropriate agreements, on behalf of the city, with any service provider qualified to offer retirement services in order to establish and maintain a retirement plan for executive personnel of the city that is qualified under Internal Revenue Code Section 401(A). The plan will be known as the executive personnel money purchase plan. (Ord. No. 2020-61, § 1, 11-16-2020; Ord. No. 96-44, § 4, 10-7-1996)