(A) The city adopts the State Public Employees Deferred Compensation Program, the Program of the Ohio Municipal League Master Deferred Compensation Plan and the Great American Life Insurance Company/Annuity Investors Life Insurance Company Deferred Compensation Plan. All of these plans conform to state insurance laws and federal requirements under § 457 of the Internal Revenue Code, and therefore participation is extended to all eligible employees of the city.
(B) The Finance Director is authorized to execute an agreement with the Board on terms and conditions, which agreement shall authorize the Board to offer the program to all eligible employees of the city and thereafter to administer the program on behalf of the employees.
(1980 Code, § 33.33) (Res. 2258, passed 1-3-1978; Am. Ord. 4934, passed 9-19-1988; Am. Ord. 6705, passed 12-18-2000)