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R85-06 employee retirement contributions to tax deferred planx. Commissioner CWSY-XP.5 d,i moved adoption of the following Resolution: BOARD OF COUNTY COMMISSIONERS COUNTY OF EAGLE, STATE OF COLORADO RESOLUTION NO. 84 --_p( _ CONVERTING MANDATORY EMPLOYEE RETIREMENT CONTRIBUTIONS TO A TAX DEFERRED PLAN WHEREAS, the County of Eagle, State in its capacity as the State of Colorado, has Officials and Employee and Board of County Commissioners of the of Colorado (hereinafter the "Board "), Governing Body of the County of Eagle, previously adopted the Colorado County s Retirement Association ( COERA) Plan; WHEREAS, the COERA Plan has been amended pursuant to H.B. 1217 (1984 Session) and Internal Revenue Code Section 414(h)(2) to provide that a county, municipality, or special district employer may elect to pick up the contributions of employee or elected official participants required by the Plan (Section 3.4, as amended). NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF THE COUNTY OF EAGLE, STATE OF COLORADO: THAT, the County of Eagle, State of Colorado, will, as of January 1, 1985, pay the mandatory employee contributions to the COERA Plan and reduce the employees' gross incomes by such amount as permitted under Section 414(h) of the Internal Revenue Code. THAT, said contributions, although designated as participant contributions, are being paid by the County of Eagle, State of Colorado, in lieu of contributions by the participant, and that the participant does not have the option of choosing to receive the contributed amounts directly instead of having them paid by the employer to the COERA Plan. MOVED, READ AND ADOPTED by the Board of County Commissioners of the County of Eagle, State of Colorado, at its regular meeting held the day of 1985. —' COUNTY OF EAGLE, STATE OF COLORADO By and Through its ATTEST: BOARD OF COUNTY COMMISSIONERS By: By ?ecr4tountv t oar Commissioners Chairman Commissioner Commissioner ntl,oln� seconded the adoption of the foregoing Resolution. T e roll having been called, the vote was as follows: Commissioner Commissioner i NPL- Commissioner U�c This Resolution adopted by (AL0jnA vote of the Board of County Commissioners of the County of Eagle, State of Colorado. -2-