(a) Council hereby adopts a plan under the Ohio Public Employees Deferred Compensation Program to permit all eligible employees the opportunity to join.
(b) The Mayor is hereby authorized and directed by Council to execute an agreement with the Ohio Public Employees Deferred Compensation Board on terms and conditions which the Mayor determines are in the best interest of the City, which agreement shall authorize the Board to offer a plan under the Ohio Public Employees Deferred Compensation Program to all employees of the City, and thereafter to administer the plan on behalf of the City and its employees.
(c) The Mayor is further authorized by Council to execute an agreement and/or agreements with other organization(s) that provide deferred compensation plans on terms and conditions which the Mayor determines are in the best interest of the City, which agreement(s) shall authorize the organization(s) to offer a deferred compensation plan(s) to all employees of the City, and thereafter to administer the plan(s) on behalf of the City and its employees.
(Ord. M-08. Passed 7-7-08.)