A deferred compensation plan for the Tippecanoe County Sheriff’s Department (hereinafter “the Sheriff’s Department”) is hereby established to allow for the voluntary participation of employees of the Sheriff’s Department; and
(A) The Department will use the deferred compensation plan established by the county Sheriff’s Departments in Indiana known as the Indiana Sheriffs 457(b) Plan (“the Plan”) and participate in the group trust arrangement established by that deferred compensation plan (the “Trust”); and the Sheriff is authorized to sign the adoption agreement to participate in the deferred compensation plan.
(B) The County Auditor is authorized to make deductions from the pay of employees of the Sheriff’s Department who voluntarily participate in the deferred compensation plan and to deposit the deferrals in the Trust. The Tippecanoe County Board of Commissioners also hereby authorize the Committee made up of representatives of the Sheriff’s Departments participating in the Plan (as determined by participating Sheriff’s Departments) to make such other arrangements as are necessary to implement the Plan. It is understood that, other than the incidental expenses related to collecting the employees’ deferrals and other minor administrative matters, there is to be no cost to or contribution by the county to the Plan.
(Ord. 2008-25-CM, passed 11-17-08)