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ORDINANCE NO. 99- 32
AN ORDINANCE OF INDIAN RIVER COUNTY,
FLORIDA, AMENDING CHAPTER 104, PERSONNEL,
OF THE INDIAN RIVER COUNTY CODE, TO INCLUDE
TWO ADDITIONAL VENDORS FOR THE EMPLOYEE
DEFERRED COMPENSATION PLAN.
BE IT ORDAINED BY THE BOARD OF COUNTY COMMISSIONERS OF INDIAN
RIVER COUNTY, FLORIDA, that:
SECTION 1.
Section 104:05, Deferred Compensation, which reads:
"Deferred compensation plans are available through ICMA Retirement
Corporation, Nationwide Retirement Solutions, Inc., and Mass Mutual on an
optional basis to employees. This program is supplement to a retirement income
and it provides for a tax deferral on income contributed to the plan. For those
employees working under the.direction of the Board of County Commissioners,
the Director of Personnel shall approve and administer these plans and make
determinations required by Section 112.51(6)(b), Florida Statutes, For those
employees working under the direction of a constitutional officer, each
constitutional officer shall designate an individual responsible for making
determinations as required by the aforesaid statute."
is amended to read as follows:
"Deferred compensation plans are available through ICMA Retirement
Corporation, Nationwide Retirement Solutions, Inc., Mass Mutual, Hartford Life
Insurance Companies, and John Hancock Financial Services on an optional
basis to employees. This program is supplement to a retirement income and it
provides for a tax deferral on income contributed to the plan. For those
employees working under the direction of the Board of County Commissioners,
the Director of Personnel shall approve and administer these plans and make
determinations required by Section 112.215(6)(b), Florida Statutes, For those
employees working under the direction of a constitutional officer, each
constitutional officer shall designate an individual responsible for making
determinations as required by the aforesaid statute."
SECTION 2. EFFECTIVE DATE
This ordinance shall take effect upon filing with the Florida Secretary of State.
The ordinance was advertised in the Vero Beach Press Journal on the 3rd day of
November 1999, for a public hearing to be held on the 16th day of
November 1999, at which time it was moved for adoption by Commissioner
G i n n seconded by Commissioner T i p p i n and adopted by the
following vote:
ORDINANCE NO, 99- 32
Chairman Kenneth R. Macht Aye
Vice Chairman Fran B. Adams Aye
Commissioner Caroline D. Ginn
Aye
Commissioner Ruth Stanbridge
Aye
„ t Commissioner John W. Tippin
Aye
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'thereu,pon declared the ordinance duly passed and adopted this
The Chairma1 6th
'Iliday of ,Ro vemb,e
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f„�e ° s. F .
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Attest::J.z= Bar=-ton;•.Cie Let bo
BOARD OF COUNTY COMMIS_ STONERS
INDIAN ER COUNTY, F RIDA
B
Xv
Kenneth R. Macht
Chairman
APPROVED AS TO FORM
AND LEGAL SUFFICI NCY
BY t fft�C
WILLIAM G. COLLINS It
DEPUTY COUNTY ATTORNEY
1-tL
ACKNOWLEDGMENT by the Department of State of the State of Florida, this ' day of
41
11999,