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STATE OF WASHINGTON
County of Jefferson
In the Matter of Allowing Jefferson County }
Employees to Participate in the Washington State }
Department of Retirement Systems Deferred }
Compensation Program }
RESOLUTION NO. 18-05
WHEREAS, the Department of Retirement Systems, Deferred Compensation
Program in accordance with RCW 41.50.770; administers the deferred compensation plan for the
employees of the State of Washington as outlined in WAC Chapter 415-501; and,
WHEREAS, RCW 41.50.770 permits counties, municipalities, and other political
subdivisions to participate in the State of Washington Employee's Deferred Compensation Plan;
and,
WHEREAS, Jefferson County has reviewed the State plan and agrees to accept all
terms and conditions of the State plan as established and as hereafter amended; and,
WHEREAS, Jefferson County, understands and agrees that all monies deferred by
its employees are held in trust by the Washington State Investment Board for the exclusive
benefit of program participants and eligible beneficiaries.
NOW, THEREFORE, BE IT RESOLVED, that the Board of Commissioners of
Jefferson County requests approval by the Department of Retirement Systems, Deferred
Compensation Program to participate in the aforementioned deferred compensation plan for the
employees of Jefferson County, subject to the requirements ofRCW 41.50.770 and WAC
Chapter 415-501.
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S '. ,/ JEFFERSON COUNTY
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. - . ." David Sullivan Member
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./Julie Matthes, CMC ~~::'ber
Deputy Clerk of the Board
APPROVED and signed this ~ day of February
, 2005.