HomeMy WebLinkAbout1995-076RESOLUTION 95-76
SUGGESTED RESOLUTION FOR A LEGISLATIVE BODY
RELATING TO A DEFERRED COMPENSATION PLAN
Name of Employer: Indian River County Property Appraiser State: FL
Title of Program Coordinator: Property Appraiser
(see definition below for duties of Program Coordinator)
Resolution of the above named Employer ("Employer")
WHEREAS, the Employer has employees rendering valuable services; and
WHEREAS, the establishment of a deferred compensation plan for such employees serves the interests of the Employer by
enabling it to provide reasonable retirement security for its employees, by providing increased flexibility in its personnel
management system, and by assisting in the attraction and retention of competent personnel; and
WHEREAS, the Employer has determined that the establishment of a deferred compensation plan to be administered by the ICMA
Retirement Corporation serves the above objectives; and
WHEREAS, the Employer desires that its deferred compensation plan be administered by the ICMA Retirement Corporation, and
that the funds held under such plan be invested in the ICMA Retirement Trust, a trust established by public employers for the
collective investment of funds held under their retirement and deferred compensation plans;
NOW THEREFORE BE IT RESOLVED that the Employer hereby adopts or has previously adopted the deferred compensation
plan (the "Plan") in the form of: (Select one)
A; The ICMA Retirement Corporation Deferred Compensation Plan, referred to as Appendix A
, i The plan provided by the Employer (executed copy attached hereto).
BE IT FURTHER RESOLVED that the Employer hereby executes the Declaration of Trust of the ICMA Retirement Trust, attached
hereto as Appendix B, intending this execution to be operative with respect to any retirement or deferred compensation plan
subsequently established by the Employer, if the assets of the plan are to be invested in the ICMA Retirement Trust.
BE IT FURTHER RESOLVED that the Property Appraiser (use title of official, not name) shall
be the coordinator for this program; shall receive necessary reports, notices, etc. from the ICMA Retirement Corporation or
the ICMA Retirement Trust; shall cast, on behalf of the Employer, any required votes under the ICMA Retirement Trust;
Administrative duties to carry out the plan may be assigned to the appropriate departments, and is authorized to execute
all necessary agreements with ICMA Retirement Corporation incidental to the administration of the Plan.
1 Jeffrey K. Barton Clerk of the Ply?tCounty, 7lt'i .) of Indian River do
hereby certify that the foregoing resolution, proposed by, in the (2vuvmilxlWaoobaa Board,x*x) of Indian -Umex-_was
duly passed and adopted in the (9x= 40 Board,x1m) of the (tom County,i0m) of Indian Rives_ at regular
meeting thereof assembled this
20
day of
Kenneth R. Macht, Chairman
AYES: Fran B. Adams, Vice Chairman
NAYS: 0
ABSENT: 0
(Seal)
June , i g 95 , by the following vote:
Carolyn K. Eggert, Co. Contmissionar
R i c h a r 1V. Bir Co. Commissio��er
Joh Tipp'n,' Co mi sinner
r
a
r
ATTEST: e_. n