§ 2-213. Administration of program.

Pursuant to state law, the county council designates the finance director of the county to administer the deferred compensation program. Said finance director shall request an opinion from such federal agencies as may be deemed necessary that the compensation deferred under the plan and/or the investment products purchased pursuant to the plan will not be included in employees' taxable income under federal and/or state law until it is actually received by such employee under the terms of the plan and that such compensation will nevertheless be deemed compensation at the time of deferral for the purposes of Social Security coverage, for purposes of the retirement system of the county and for any other retirement, pension or benefit program established by law.

(Ord. No. 76-25, § 3, 12-16-76)