FY2007-02 Hartfor 457 Governmental Deferred Comp. PlanKODIAK ISLAND BOROUGH
RESOLUTION NO. FY2007 -02
Requested by: Manager Gifford
Drafted by: Finance Director
introduced: 07/06/2006
Adopted: 07/06/2006
A RESOLUTION OF THE ASSEMBLY OF THE KODIAK ISLAND BOROUGH
ALLOWING BOROUGH EMPLOYEES TO PARTICIPATE IN
THE HARTFORD 457 GOVERNMENTAL DEFERRED COMPENSATION PLAN
WHEREAS, Kodiak Island Borough maintains a deferred compensation plan for its employees
which is administered by the ICMA Retirement Corporation; and
WHEREAS, Kodiak Island Borough employees are allowed to participate in the ICMA 457
deferred compensation plan; and
WHEREAS, the Hartford Insurance Company has presented the opportunity for employees to
participate in the Hartford Governmental Deferred Compensation Plan; and
WHEREAS, the Hartford Insurance Company has a local representative employed by Edward
Jones Investments; and
WHEREAS, giving Kodiak Island Borough employees the choice of a different deferred
compensation plan would not cost the Borough any additional funds;
NOW, THEREFORE, BE IT RESOLVED BY THE ASSEMBLY OF THE KODIAK ISLAND
BOROUGH THAT:
Section 1: Borough employees will be allowed to participate in either the ICMA 457 Deferred
Compensation Plan or the Hartford Governmental Deferred Compensation Plan.
Section 2: Borough staff will perform all necessary administration and record keeping of the
Plan.
ATTEST:
ADOPTED BY THE ASSEMBLY OF THE KODIAK ISLAND BOROUGH
THIS SIXTH DAY OF JULY 2006
KODIAK ISLAND BOROUGH
I/
r
JerT e M. Selby, Borough
Nova M. Javier, CMC Borough Clerk
Kodiak Island Borough, Alaska
Resolution No. FY2007 -02
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