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ORDINANCE NO. 2017-011 AN ORDINANCE OF THE BOARD OF COUNTY COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA, AMENDING SECTION 104.05 (DEFERRED COMPENSATION) OF CHAPTER 104 (HUMAN RESOURCES) OF THE CODE OF INDIAN RIVER COUNTY, FLORIDA IN ORDER TO ELIMINATE REFERENCES TO SPECIFIC COMPANIES AND SET FORTH THE RESPONSIBILITIES FOR THE ADMINISTRATION OF THE PLAN; AND PROVIDING FOR CODIFICATION, SEVERABILITY, REPEAL OF CONFLICTING PROVISIONS, AND AN EFFECTIVE DATE. NOW, THEREFORE, BE IT ORDAINED BY THE BOARD OF COUNTY COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA THAT: Section 1. Enactment Authoritv. Article VIII, section 1 of the Florida Constitution and chapter 125, Florida Statutes vest broad home rule powers in counties to enact ordinances, not inconsistent with general or special law, for the purpose of protecting the public health, safety and welfare of the residents of the county. The Board specifically determines that the enactment of this ordinance is necessary to protect the health, safety and welfare of the residents of Indian River County. Section 2. Amendment of Section 104.05 (Deferred Compensation) of Chapter 104 (Human Resources). New language indicated by underline, and deleted language indicated by str+kethreugh. Section 104.05 (Deferred Compensation) of Chapter 104 (Human Resources) of the Code of Indian River County, Florida is hereby amended to read as follows: CHAPTER 104. HUMAN RESOURCES Section 104.05. Deferred Compensation. DeferFe d nmmpon atinn nlanv ar r tual, Hartfrerd-Lifo Inr'uranGe Companies, and backs ta—empleyesc. Thic pragrarn is supplemental to a retirement innnme and it provide for a tail the plan. A deferred compensation plan is offered on an optional basis to emplovees. The primary purpose of the deferred compensation plan is to provide employees the opportunity to defer and invest a portion of their compensation to the plan, helping to supplement retirement 1