[Ord. No. 02-025 §§1—8, 2-27-2002; Ord. No. 05-187 §3, 12-20-2005]
A.
Deferred Compensation Match Benefit Program Established. There is hereby established, effective April first (1st), 2002,
a Deferred Compensation Match Benefit Program which shall be funded
in those years in which an appropriation is authorized in the County
Budget. The Deferred Compensation Match Benefit Program shall be a
Chapter 401(a) plan under the Internal Revenue Service Code, administered
by the County.
B.
Department Of Finance To Administer The Plan. The Department
of Finance shall administer the plan in accordance with the requirements
of this Section. The County shall choose a provider or providers of
investment plans by competitive bidding. The Director of Finance,
or his designee, is hereby designated the Plan Administrator. At no
time shall the County, or any of its employees, act as a financial
advisor to employees.
C.
Eligibility, Participation, Vesting. Plan eligibility and
participation requirements and vesting stipulations are covered in
Section 115.320(6).
[Ord. No. 05-187 §4, 12-20-2005]
A.
Establishment Of The Educational Assistance Program And Board. The County Executive is hereby authorized to develop a process and
program for educational assistance to be supported by the current
and future late filing fees collected by the County Collector. The
County Executive shall appoint, subject to confirmation by the County
Council, an Educational Assistance Board whose members shall serve
staggered terms and shall consist of two (2) department heads or elected
officials, three (3) employee representatives, the County Director
of Personnel and the County Director of Finance. The Board shall develop,
with the approval of the County Executive, the goals of the program,
application process, eligibility criteria, level of reimbursement
and any other matter relevant to the program. The Educational Assistance
Board shall administer the Educational Assistance Program and shall
be responsible for approving or denying all requests and its decision
shall be final.
B.
Educational Assistance Fund. The Director of Finance is
hereby authorized to create an Educational Assistance Fund which shall
consist of the late filing fees collected by the County Collector.
The Director of Finance shall be responsible for the administration
and investing of the Educational Assistance Fund. Funds not expended
in any fiscal year shall remain in the Educational Assistance Fund
which may be used for the following purposes:
1.
The education reimbursement line item shall be used for the purpose
of tuition reimbursement for eligible classes at approved institutions
or for the reimbursement of or the payment for professional development
classes, courses, training, seminars or conferences approved by the
Educational Assistance Board.
2.
The Chapter 401(a) contribution line item may be used for the purpose
of providing funding to the deferred compensation match benefit as
defined under Section 115.320(6).
3.
The miscellaneous line item may be used for purposes recommended
by the Board and approved by the County Executive.
