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DEC <br />15 <br />1997 <br />sooK <br />70 . PIKH 309 . <br />Director Blankenship confirmed <br />that there would <br />be no <br />penalty for withdrawal in that case. Continuing, he apologized <br />for having the PEPSCo retirement plan on the Agenda for the last <br />2 meeting and not being able to discuss it because the material <br />was not received in time. When the material was received from <br />ICMA, it took so long to digest, it was the only plan he felt <br />prepared to bring to the Board. He had not wanted to bring the <br />PEBSCo plan to the Board without fully understanding it. <br />Chairman Scurlock understood then_ that the ICMA is all that <br />is being recommended today, and Director Blankenship confirmed <br />that ICMA is the only plan being presented at this time. He <br />reported that he has had a request from one of the constitutional <br />officers for this program. He wanted it made clear that he had <br />not meant to exclude the constitutional officers from <br />participating in this program. <br />Chairman Scurlock was concerned about the 8 or so firms that <br />have approached the County in the past years wanting to provide a <br />plan of this type and were told that they would be called to make <br />presentations when the County was ready to provide such a <br />program. He felt that they would be upset when they heard we <br />approved somebody else without calling them first. <br />MOTION WAS MADE by Commissioner Eggert, SECONDED <br />by Commissioner Wheeler, that the Board adopt <br />Resolution 87-148, authorizing the participation of <br />County employees in the ICMA Retirement Corporation's <br />Deferred Compensation Plan. <br />Under discussion, Commissioner Bird understood that we are <br />not granting an exclusive situation to this company, but that <br />based on this recommendation, we are going to make it available <br />to our employees and are not closing the doors to the other <br />companies in doing so. <br />34 <br />� s � <br />