RES 1007RESOLUTION NO.1007
A RESOLUTION requesting approval by the State of Washington
Department of Retirement Systems,Deferred Compensation Program,for the City
of Camas to participate in the State Deferred Compensation Program in behalf of
the City’s employees.
WHEREAS,the City of Camas was formed in accordance with RCW 35A.02.010 on
June 2,1906;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 Council of the City of Camas,has reviewed the States plan and agrees to
accept all terms and conditions of the State plan as established and as hereafter amended;
and,
WHEREAS,the Council of the City of Camas,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 City of Camas requests approval by
the Department of Retirement Systems,Deferred Compensation Program to participate in
the aforementioned deferred compensation plan for the employees of the city,subject to
the requirements of RCW 41.50.770 and WAC Chapter 415-501.
ADOPTED by the Council at a regular meeting this jj ^day of April,2005.
Cu.SIGNED :
Mayo
V.ATTEST;Aj )(
ClerkLJ
\APPROV:to,form:
City Attorney
STATE OF WASHINGTON
DEPARTMENT OF RETIREMENT SYSTEMS
DEFERRED COMPENSATION PROGRAM
PO Box 40931 •Olympia,Washington 98504-0931
(360)664-7111 •Toll Free 1-800 -423 -1524 Voice/TT •(360)586 -5474
April 13,2005
City of Camas
Attn:Peggy Zehner,Payroll Officer
PO Box 1055
Camas,WA 98607
Dear Peggy Zehner :
We have received and accepted your Resolution No.1007 dated April 11,2005.We welcome
your organization to the program and are confident you will find it an outstanding addition to your
employee benefit package.
It is important your payroll staff understand the procedures involved in enrolling employees and
withholding and submitting payroll deferrals.Federal regulations dictate the timing and manner of
changes.As a result,most deferral changes take 30 days to initiate.
Each pay period you will receive a deferral change and a transmittal report for reporting deferrals to
this office.Please see the Department of Retirement Systems (DRS)Employer Handbook.Use the
enclosed copy of the June 2003 update,Chapter 11,Deferred Compensation.This publication is
accessible on the DRS Web site at www.drs.wa.gov/dcp/emplover.
We are mailing copies of our education kit,samples of payroll stuffers,video and posters.If you
need more of these items,please call the DCP Marketing Representative listed below.Participant
enrollment is established by entering into a Participation Agreement with our office.Our DCP Web
site is http://www.drs.wa.gov/dcp.
For further assistance in the following areas call toll free 1-800-423-1524 or in the Olympia area
call 664-7111.
•Client Service
•Accounting (payroll deductions)
•Training/Marketing
We will mail program information directly to your employees and look forward to serving the City
of Camas.
Information
Trina Arnott
Stuart Brotherston
Main menu #3
Ext.47275
Ext.47012
Sincerely,
Geofge Pickett
DCP Administrator
Enclosures
o