HomeMy WebLinkAboutRES 2006-01 - Board ree' TRUCKEE
D O i
Public Utility District
Resolution No. 2006 - 01
RESOLUTION APPROVING ADOPTION OF CALIFORNIA
PUBLIC EMPLOYEES' DEFERRED COMPENSATION PLAN
WHEREAS, the Truckee Donner Public Utility District desires to establish an additional deferred
compensation plan for the benefit if its employees; and
WHEREAS, the Board of administration (the "Board") of the California Public Employees' Retirement
System ("CaIPERS") has established the California Public Employees Deferred Compensation Plan (the
"CaIPERS Plan")which may be adopted by a governmental employer the employees of which are public
employees; and
WHEREAS,the Truckee Donner Public Utility District believes that the CaIPERS Plan and the investment
options available thereunder will provide valuable benefits to its employees; and
WHEREAS, the Board has appointed State Street Bank and Trust Company("State Street")to perform
administrative services under the CaIPERS Plan and to act as the Board's agent in all matters relating to
the administration of the CaIPERS Plan.
NOW, THEREFORE, BE IT RESOLVED that the Truckee Donner Public Utility District adopts the
CaIPERS Plan for the benefit of its employees and authorizes and directs the President of the Board to
execute the attached adoption agreement on behalf of Truckee Donner Public Utility District, and to
provide State Street with such information and cooperation as may be needed on an ongoing basis in the
administration of the CaIPERS plan.A copy of this resolution,the agreement,and any attachments thereto
shall be on file in the office of CaIPERS, 400 P Street, Sacramento, Ca. 95814.
PASSED AND ADOPTED as a resolution of the by the Board of Directors at a meeting duly called and
held within the District on the February 1, 2006 by the following roll call vote:
AYES: Directors Aguera, Hemig, Sutton, Taylor and Thomason
NOES: None
ABSTAIN: None
ABSENT: None
TRU E ER PUB UTILITY DISTRICT
Ro Hemig, President
ATTEST:
Peter L. Holzmeister, District Clerk