RESOLUTION 2002-29

(Establishing Washington State Department of Retirement Systems Deferred Compensation

Program as a Deferred Compensation choice for County employees.)

WHEREAS, the County of Skamania was formed in accordance with RCW Title 36 on 1854; and

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, the County of Skamania, 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, the County of Skamania, 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 County of Skamania requests approval by the Department of Retirement Systems, Deferred Compensation Program to participate in the aforementioned deferred compensation plan for the employees of the County of Skamania, subject to the requirements of RCW 41.50.770 and WAC Chapter 415-501.

PASSED IN REGULAR SESSION this 28th day of May 2002.