(a) The Village, by this Council, hereby adopts a plan under the Ohio Public Employees Deferred Compensation Program and extends to all eligible employees the opportunity to join such Plan.
(b) The Mayor is hereby authorized and directed 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 Village and its employees, which agreement shall authorize the Board to offer a plan under the Program to all eligible employees of the Village, and thereafter to administer the plan on behalf of such employees.
(Ord. 1986-19. Passed 8-11-86.)