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HomeMy WebLinkAbout1995-207/95(ORD/cl £F o p)LEGAL(WGC/nhm� ORDINANCE NO. 95- 20 AN ORDINANCE OF INDIAN RIVER COUNTY, FLORIDA, AMENDING SECTION 104.05, DEFERRED COMPENSATION, OF CHAPTER 104 OF THE INDIAN RIVER COUNTY CODE, TO ESTABLISH A DEFERRED COMPENSATION PLAN THROUGH THE NATIONAL ASSOCIATION OF COUNTIES, AND TO APPOINT THE DIRECTOR OF PERSONNEL TO APPROVE AND ADMINISTER COUNTY DEFERRED COMPENSATION PLANS, AND MAKE DETERMINATIONS REQUIRED BY FLORIDA STATUTES, AND TO PROVIDE FOR CODIFICATION, SEVERABILITY AND EFFECTIVE DATE. WHEREAS, on May 16, 1995 the Board of County Commissioners approved offering County employees an optional deferred compensation plan sponsored by the National Association of Counties (NACo); WHEREAS, the Board of County Commissioners designated the Director of Personnel as their representative to implement the NACo Deferred Compensation Plan, WHEREAS, Florida Statute 112.215 provides that no deferred compensation plan of a county shall become effective until the appropriate official has determined that the compensation deferred and investment products purchased pursuant to the plan will not be included in the employee's taxable income until it is actually received by the employee under the terms of the plan, and, that the compensation will nonetheless be deemed compensation at the time of deferral for purposes of Social Security coverage, retirement, pension, or other benefit program; and WHEREAS, it is necessary to amend Section 104.05, the deferred compensation section of Chapter 104 of the Indian River County Code, to include the NACo Deferred Compensation Plan, and to provide that the Director of Personnel approve and administer the plans and make the determinations required by F.S. 112.215 (6) (b) ; COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA, that: SECTION 1. Amendment to Section 104.055 Deferred compensation . Section 104.05 of the Indian River County Code is hereby amended as follows CODING: Words in syriam/iYirmagn type are deletions from existing law; words underlined are additions. ORDINANCE NO. 95- 2o ".A Deferred compensation plans, are OihtfO ifft available through $dVnMYWOO/Jbt ICMA Retirement Corporation or the National Association of Counties, � Y 16YO on an optional basis to employees. This program is a supplement to a retirement income and it provides for a tax deferral on income contributed to the plan. The director of personnel shall approve and administer the plans, and make determinations required by F.S. 112.215(6)(b)." SECTION 2. Codification The provisions of this ordinance shall be incorporated into the Indian River County Code and the word "ordinance" may be changed to "section", "article", or other appropriate word, and the sections of the SECTION 3. Severability If any section, part of a sentence, paragraph, phrase or word of this ordinance is for any reason held to be unconstitutional, inoperative or void, such holding shall not affect the remaining portions hereof and it shall be construed to have been the legislative intent to pass this ordinance without such unconstitutional, invalid or inoperative part. SECTION 4. Effective Date This intentions. ordinance shall become effective upon filing ordinance may be renumbered or relettered to accomplish such with the SECTION 3. Severability If any section, part of a sentence, paragraph, phrase or word of this ordinance is for any reason held to be unconstitutional, inoperative or void, such holding shall not affect the remaining portions hereof and it shall be construed to have been the legislative intent to pass this ordinance without such unconstitutional, invalid or inoperative part. SECTION 4. Effective Date Department of State. Approved and adopted by the Board of County Commissioners of Indian River County, Florida, on this 8 day of August , 19950 This This ordinance shall become effective upon filing with the Department of State. Approved and adopted by the Board of County Commissioners of Indian River County, Florida, on this 8 day of August , 19950 the 2 9 day of JU I y 1995, for a public hearing to be held on the day of A„g ii c t 1995, at which time it was moved for adoption by Commissioner Eggert and the motion was seconded by Commissioner T i n n i n and adopted by the following vote. Chairman Kenneth R. Macht A y e Vice Chairman Fran B. Adams Aye Commissioner Richard N. Bird Aye Commissioner Carolyn K. Eggert Aye 4t Commissioner John W. Tippin Aye BOARD OF COUNTY COMMISSIONERS INDIAN RIVER COUNTY, FLORIDA 41 `4 p tti BY nneth R. Macht Chairman :AT $ y, d of ray, K rton, Clerk CODING: Words 'iY�1�/YYiY'�Pi type are deletions from existing law; words underlined are additions. This ordinance was advertised in the Vero Beach Press -Journal on the 2 9 day of JU I y 1995, for a public hearing to be held on the day of A„g ii c t 1995, at which time it was moved for adoption by Commissioner Eggert and the motion was seconded by Commissioner T i n n i n and adopted by the following vote. Chairman Kenneth R. Macht A y e Vice Chairman Fran B. Adams Aye Commissioner Richard N. Bird Aye Commissioner Carolyn K. Eggert Aye 4t Commissioner John W. Tippin Aye BOARD OF COUNTY COMMISSIONERS INDIAN RIVER COUNTY, FLORIDA 41 `4 p tti BY nneth R. Macht Chairman :AT $ y, d of ray, K rton, Clerk CODING: Words 'iY�1�/YYiY'�Pi type are deletions from existing law; words underlined are additions. ORDINANCE NO. 95- 20 Acknowledgment by the Department of State of the State of Florida, this 15th day of August 19950 Acknowledgment for the Department of State received on this 23r(day of August 199 5, at 11:00a. m. /px and filed in the Office of the Clerk of the Board of County Commissioners of Indian River County, Florida. CODING: Words in W1 04/11irorg type are deletions from existing law, i words underlined are additions.