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12/15/1987
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12/15/1987
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Meetings
Meeting Type
Regular Meeting
Document Type
Minutes
Meeting Date
12/15/1987
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Administrator Balczun agreed that essentially we have to <br />make the ground rules fair for everyone, but Commissioner Eggert <br />didn't feel that was what was happening here. <br />Administration Balczun pointed out that everyone would get <br />the same crack at it; however, he stressed that these Z firms <br />require the adoption of a resolution to allow employees to <br />participate in a deferred compensation plan, while, to his <br />knowledge, the other firms do not. <br />Chairman Scurlock understood then that the only action <br />needed today is fo'r the Board to authorize Data Processing to <br />provide space for the deduction, and Director Blankenship <br />indicated that to be the case. <br />Director Blankenship noted that this is before the Board <br />primarily because of a request from Perry Mattes, the new <br />Assistant Administrator, who had this program in his former <br />governmental position in Wisconsin. Director Blankenship <br />explained that they are asking the Board to approve ICMA because <br />it is generally accepted throughout the state and local <br />governmental community as the provider for government employees. <br />It is portable. Public administration employment is a portable <br />occupation and people can carry this from jurisdiction to <br />jurisdiction. It certainly is not meant to exclude any provider <br />of deferred compensation plans. Director Blankenship noted that <br />part of his work program for the coming year is to look into and <br />provide the Board with recommendations for flexible benefits, at <br />which time options would be offered to all of the employees for <br />deferred compensation and for the selection of different types of <br />benefits within a pre -determined package of dollars. He stated <br />that he certainly was not counting on the ICMA plan, but would be <br />very surprised if another provider came in with a better rate. <br />Commissioner Eggert asked if an employee can withdraw from <br />this plan without penalty and change to a plan offered by a <br />different organization. <br />33 �oao< 70 F,��r368 <br />DEC 151997 <br />
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