HomeMy WebLinkAboutR02-167 EGTRRA Modification for Deferred Compensation Plan • •
Commissioner r:1)'UL_ moved adoption
of the following Resolution:
BOARD OF COUNTY COMMISSIONERS
COUNTY OF EAGLE, STATE OF COLORADO
RESOLUTION NO. 02- A,
RESOLUTION TO ADOPT EGTRRA MODIFICATIONS FOR THE
DEFERRED COMPENSATION PLAN
WHEREAS, It has been determined to be in the best interest of taxpayers and employees
of the County of Eagle, State of Colorado to provide for retirement of employees under certain
terms and conditions: and
WHEREAS, The County of Eagle, State of Colorado has previously elected to become a
part of the Colorado County Officials and Employees Retirement Association in accordance with
Part 1, Article 54, Title 24, Colorado Revised Statues, as amended, and
WHEREAS, The Board of County Commissioners of the County of Eagle, State of
Colorado (hereinafter the "Board ") desires to enable employees to enhance their retirement
security by permitting them to enter into agreements with it to defer compensation and receive
benefits at retirement, death, and separation from service;
WHEREAS, CCOERA offers an eligible deferred compensation plan, pursuant to the
terms of section 457 of the Internal Revenue Code; and
WHEREAS, the CCOERA's Deferred Compensation Plan has been reviewed and
approved by the Internal Revenue Service in a Private Letter Ruling: and
WHEREAS, on August 16, 2002 The Governing Board of CCOERA modified the
CCOERA Deferred Compensation Plan to comply with the provisions of the Economic Growth
and Tax Relief Reconciliation Act of 2001, Public Law 107 -16;
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 hereby wishes to continue to make
available the CCOERA Deferred Compensation Plan, established and administered pursuant to
section 457 of the Internal Revenue Code; and
THAT, The CCOERA Deferred Compensation Plan, as modified on August 16, 2002, to
comply with the provisions of EGTRRA, is hereby adopted.
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 of42,0 2002.
COUNTY OF EAGLE, STATE OF
COLORADO, by and Through Its
ATTEST: BOARD OF COUNTY COMMISSIONERS
ostc
_II I a . BY: QI /2
Clerk to the Boa i d of County c� v°* Michael L. Gallagher
LOnN
Commissioners C irfrian
impiorio
Arn _ . ►n i
GOMMif3SiCITIer 6,nCL1.40/1A--
qe--- (6Ne. SistAt.
Tom C. Stone
Commissioner
Commissioner seconded adoption of the foregoing resolution. The
roll having been cal d, the vote was as follows:
Commissioner Gallagher
Commissioner Menconi
Commissioner Stone
This Resolution passed by 4 - O vote of the Board of County
Commissioners of the County of Eagle, State of Colorado.