[HISTORY: Adopted by the Town Council of the Town of Montville as indicated in article histories. Amendments noted where applicable.]
[Adopted 4-13-1970 by Ord. No. O-C (Part 14 of the 1991 Compilation); amended in its entirety 4-24-1989 by Ord. No. O-Z-2]
The compensation of each member of the Town Council, excluding the Mayor, shall be $2,000 per annum, and the compensation of the Deputy Mayor shall be $500 per annum in addition to the compensation which he received as a member of the Town Council.
The increased rate of compensation shall be effective after confirmation by referendum at the regular election of November 1989. The first payment at the increased rate shall be for a three-month period from the commencement of the terms of the Town Council members elected at the regular election held in November 1989 until the date of payment. Thereafter, payments at the increased rate shall be made quarterly, in arrears. If the voters do not approve this article by referendum at the next general election, in November 1989, it shall be null and void as a matter of law, as provided in the Connecticut Statutes, as amended.
Each Town Council member shall be reimbursed for any expenses incurred in the service of the Town of Montville as a Town Council member, as authorized for Town employees, upon submitting bills, statements, receipts, invoices, etc., to the Town Treasurer, as verification as necessary and proper expenses.
[Adopted 12-11-1989 by Ord. No. O-G-3 (Part 17 of the 1991 Compilation)]
The Mayor or his designee is hereby authorized to agree with any Montville municipal employee to defer, in whole or in part, any portion of such employee's compensation and may subsequently with the consent of the employee contract for purchase or otherwise procure, for the purpose of funding a deferred compensation program for such employee with any investment vehicle approved in C.G.S. § 5-264a, as amended.
The Town Treasurer or his designee of the Town of Montville shall administer the employee deferred compensation plan.
The remaining applicable provisions of C.G.S. § 5-264a, as amended, are hereby incorporated by reference in this article and are given full force and effect.