(A) The town hereby establishes the Town of Cicero Deferred Compensation Plan for the voluntary participation of all eligible employees.
(B) The Town of Cicero will utilize the state's plan document, its Service Manager and its investment options.
(C) The town hereby appoints the Clerk-Treasurer as the Administrator of the Plan and authorizes him or her to make deductions from the pay of employees, who voluntarily participate, and to make such other arrangements as are necessary to implement the Plan. It is understood that, other than the incidental expense of collecting the employee's deferrals and other minor administrative matters, there is to be no cost to the town or contribution by the town to this Plan.
(Res. 03-06-2001, passed 3-6-01)