(a) The City hereby adopts a Plan under the Ohio Public Employees' Deferred Compensation Program, and shall properly contract with any eligible employee who desires to participate in the Plan. The City's Plan shall be the uniform Plan as promulgated by and as amended from time to time by the Ohio Public Employees' Deferred Compensation Board.
(b) The Board is hereby authorized to administer the Plan under the Program, and to do all things necessary or proper for the administration of the Plan, consistent with the enabling statutes and all the rules and regulations promulgated by the Board, whether by the Ohio Administrative Code or otherwise, and consistent with the program adoption agreement executed by the City and on file in the office of the Clerk of Council.
(c) The Finance Director is hereby appointed the responsible official and is authorized and directed by the Council to execute the program adoption agreement.
(d) Consistent with the program adoption agreement and the rules and regulations promulgated by the Board, the proper officials, officers, employees, and agents of the City are authorized to provide the Board with any information they may properly require for the administration of the Plan under the Program.
(Res. R-49-00. Passed 12-11-00; Res. R-41-04. Passed 12-13-04)