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2010 - 04-05-10 Regular Meeting
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2010 - 04-05-10 Regular Meeting
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4/22/2010 3:30:14 PM
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4/22/2010 3:27:44 PM
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Admin-Clerk
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Minutes
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Board of Commissioners
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Booe 23 ~~.EE 383 <br />LEE COUNTY <br />-Oafla © a0Q(~-o G5 - <br />Committed Today for a Better Tomorrow <br />RESOLUTION <br />SUPPORTING NORTH CAROLINA DEFERRED COMPENSATION PLAN (457) <br />WHEREAS, the County of Lee wishes to provide a qualified defined contribution plan to <br />the employees of Lee County; and <br />WHEREAS, the State of North Carolina has established the North Carolina Public <br />Employee Deferred Compensation Plan which is a qualified governmental Deferred <br />Compensation Plan under Internal Revenue Code § 457(b) for public employees of <br />North Carolina. <br />NOW, THEREFORE, BE IT RESOLVED that Lee County has adopted the North <br />Carolina Public Employee Deferred Compensation Plan, also known as `NC Deferred <br />Comp" under the terms of the Plan Document and the Third-Party Administrator <br />Agreement. All employees shall become eligible to defer-compensation (immediately). <br />Approved and adopted this 5m day of April 2010. <br />Richard B. Hayes, Chair a <br />Lee County Board of Commissioners <br />t ~l ?f ST: <br />, :try <br />iQ~L - n <br />Gayri~ 11M. Lee, 'Clerk <br />Y <br />
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