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RESOLUTION
RE: DEFERRED COMPENSATION PLAN.
WHEREAS, the Board of County Commissioners of Weld County,
Colorado, pursuant to Colorado statute and the Weld County Home
Rule Charter, is vested with the authority of administering the
affairs of Weld County, Colorado, and
WHEREAS, on September 26 , 1983, the Board of County
Commissioners approved National Plan Coordinators (NPC) as the
Deferred Compensation Plan Administrator, Masoud Sharazi as
Broker, and the investment medias of Great West, Empire Savings,
and Compass-MFS, and
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WHEREAS, the Deferred Compensation Program was coordinated
with the State of Colorado' s Deferred Compensation Program, and
WHEREAS, the State of Colorado' s cancellation of the NPC
plan administrator' s contract has adversely impacted Weld
County, and
WHEREAS, the Director of Finance and Administration and the
Deferred Compensation Board has arranged to administer the
Deferred Compensation Plan dealing directly with the broker and
Great West funding media, and
WHEREAS, the implementation of the 401K Program, effective
January 1 , 1985 , offers employees better options to replace the •
Empire Savings and Compass-MFS , and
WHEREAS, the Board of County Commissioners after reviewing
the situation, concur with the above recommendations.
NOW, THEREFORE, BE IT RESOLVED by the Board of County
Commissioners of Weld County that the Chairman is hereby
authorized to sign the necessary documents to cancel the NPC
contract, retain Masoud Sharazi as broker, retain Great West as
an investment media, cancel the Compass-MFS and Empire Savings
contracts, and any associated documents to implement the changes
required.
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The above and foregoing Resolution was, on motion duly made
and seconded, adopted by the following vote on the 19th day of
December, A.D. , 1984.
BOARD OF COUNTY COMMISSIONERS
ATTEST: 71s indWELD COUN'1'Y, COLORADO
Weld County Cl rk and Recorder
and Clerk to the Board Norman Carlson,, Chairman
(3113 LL ( ICL� EXCUSED DATE OF SoI , INGPro (AYE)
BY: fin Jacqueline Johnson, Pro-Tem
Deputy County Cler
APPROVED AS TO FORM: Gen Bran
� SI Ge-C4C2 uuck Carlso
/ _Li-y County Attorney �Ji ,7j
J n Martin
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