City Manager Employment Agreement 16th AmendmentSIXTEENTH AMENDMENT TO
CITY MANAGER EMPLOYMENT AGREEMENT
The City of Dubuque, Iowa, a municipal corporation (City) and Michael C.
Van Milligen (Employee) hereby amend the December 7, 1992 City Manager
Employment Agreement, as previously amended, as follows:
1. Par. 5 thereof is deleted and the following new paragraph substituted in
lieu thereof:
5. Employee will continue to participate in the Iowa Public Employee
Retirement System. City agrees to pay for Employee's continued
participation in the International City Management Association Retirement
Corporation (ICMA-RC) the sum of $14,000 on Employee's behalf on the
first day of each calendar year, beginning January 1, 2005 for the
succeeding year and to transfer ownership to succeeding employers upon
Employee's resignation or termination.
Employee intends to purchase past retirement credits from the Iowa Public
Employment Retirement System for Employee's first sixfive years of
employment. In order to do so, Employee will borrow the funds required
for the purchase. City agrees to pay Employee until Employee's borrowing
is fully repaid or Employee terminates his employment with City whichever
first occurs an amount which after Employee's deductions for taxes,
IPERS, social security, and medicare will equal 61 % of the annual
payment required for the borrowing by Employee. The amount of funds
required to be borrowed and City's 61 % contribution will be recalculated
annually at the time Employee borrows such funds.
This Sixteenth Amendment is effective July 1, 2004906. City and
Employee have each retained an original hereof.
CITY OF DUBUQUE, IOWA EMPLOYEE
By
Roy D. Buol, Mayor
Michael C. Van Milligen
Attest:
Jeanne F. Schneider, City Clerk
SIXTEENTH AMENDMENT TO
CITY MANAGER EMPLOYMENT AGREEMENT
The City of Dubuque, Iowa, a municipal corporation (City) and Michael C.
Van Milligen (Employee) hereby amend the December 7, 1992 City Manager
Employment Agreement, as previously amended, as follows:
1. Par. 5 thereof is deleted and the following new paragraph substituted in
lieu thereof:
5. Employee will continue to participate in the Iowa Public Employee
Retirement System. City agrees to pay for Employee's continued
participation in the International City Management Association Retirement
Corporation (ICMA-RC) the sum of $14,000 on Employee's behalf on the
first day of each calendar year, beginning January 1, 2005 for the
succeeding year and to transfer ownership to succeeding employers upon
Employee's resignation or termination.
Employee intends to purchase past retirement credits from the Iowa Public
Employment Retirement System for Employee's first six years of
employment. In order to do so, Employee will borrow the funds required
for the purchase. City agrees to pay Employee until Employee's borrowing
is fully repaid or Employee terminates his employment with City whichever
first occurs an amount which after Employee's deductions for taxes,
IPERS, social security, and medicare will equal 61 % of the annual
payment required for the borrowing by Employee. The amount of funds
required to be borrowed and City's 61 % contribution will be recalculated
annually at the time Employee borrows such funds.
This Sixteenth Amendment is effective July 1, 2004. City and Employee
have each retained an original hereof.
CITY OF DUBUQUE, IOWA EMPLOYEE
B ~ ~'~~
Y
Roy uol, Mayor Michael C. Van Milligen
Attes ~.~.~
anne F. Schneider, City Clerk