(A) The Town of Fortville Deferred Compensation Plan for the voluntary participation of all eligible employees and elected officials is established.
(B) The town will utilize the state’s plan document and its investment options. The town will contract with Indiana Deferred Compensation Plan, Inc. to be the exclusive Servicing Manager and Enroller.
(C) The Fortville Clerk-Treasurer is appointed as the Administrator of the Plan and is authorized to make payroll deductions from the pay of employees who voluntarily participate. The Clerk-Treasurer is further authorized to make other arrangements as are necessary to implement the Plan. It is understood that, other than the incidental expense of collecting the employees’ deferrals and other minor administrative matters, there is to be no cost to or contribution by the town to this Plan.
(Am. Ord. 1993-4A, passed 4-13-93)