FY2021-41 Authorizing The Participation Of Its Employees In The Public Employees' Deferred Compensation Plan Of Alaska And The Payment Of The Required Contributions, Pursuant To As 39.45 Et1
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Introduced by: Borough Manager thru the Mayor
Drafted by: State of Alaska
Introduced on: 05/20/2021
Adopted on:
KODIAK ISLAND BOROUGH
RESOLUTION NO. FY2021-41
A RESOLUTION OF THE ASSEMBLY OF THE KODIAK ISLAND BOROUGH AUTHORIZING
THE PARTICIPATION OF ITS EMPLOYEES IN THE PUBLIC EMPLOYEES' DEFERRED
COMPENSATION PLAN OF ALASKA AND THE PAYMENT OF THE REQUIRED
CONTRIBUTIONS, PURSUANT TO AS 39.45 ET SEQ
WHEREAS, the Kodiak Island Borough, located in Kodiak Alaska, wishes to increase the fringe
benefits of its employees by adoption of a deferred compensation program.
NOW THEREFORE BE IT RESOLVED BY THE ASSEMBLY OF THE KODIAK ISLAND
BOROUGH that:
1. Pursuant to AS 39.45.010 et. seq., the Assembly of the Kodiak Island Borough requests
permission to become a participating employer of the Public Employee's Deferred
Compensation Program of Alaska.
2. All regular full-time employees of the Kodiak Island Borough shall be participating members
of the Public Employees' Deferred Compensation Program of Alaska.
3. All regular part-time employees of the Kodiak Island Borough shall be participating members
of the Public Employees' Deferred Compensation Program of Alaska.
4. The following employee groups are excluded from participation: short-term temporary
employees.
5. The Kodiak Island Borough acknowledges the Public Employees' Deferred Compensation
Program of Alaska is a voluntary plan which accepts employee contributions on either a pre-
tax or post -tax basis through payroll deduction. No employer contributions may be made to
the program.
6. The Kodiak Island Borough further requests that participation in the Public Employee's
Deferred Compensation Program of Alaska be made effective July 1, 2021.
7. The Kodiak Island Borough authorizes and directs Michael Powers, Borough Manager, to:
take any and all steps necessary to enroll the Kodiak Island Borough and its
employees in the Public Employee's Deferred Compensation Program; and
initiate a Participation Agreement between the Kodiak Island Borough and the State
of Alaska; Department of Administration.
Kodiak Island Borough, Alaska
Resolution No. FY2021-41
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ADOPTED BY THE ASSEMBLY OF THE KODIAK ISLAND BOROUGH
THIS TWENTIETH DAY OF MAY, 2021.
KODIAK ISLAND BO H T T:
illiam Roberts, ayor Alise Rice, Clerk
NO
VOTES: ��► Q�
Ayes: Turner, Williams, Arndt, Dvorak, Kavanaugh, Smith, and Symmons
Noes: Q
G
� Z
Kodiak Island Borough, Alaska
Resolution No. FY2021-41
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