Prepared by the Clerk-Treasurer

WHEREAS, the Common Council did establish the City of West Lafayette Deferred Compensation Plan as a participant in the State of Indiana Public Employee Deferred Compensation Plan through Ordinance No. 25-88; and

WHEREAS, the Indiana Deferred Compensation Committee has revised the Plan documents in accordance with changes in Federal tax rules and to provide more flexibility for the City in terms of plan design; and

WHEREAS, The City desires to continue to offer this benefit to its employees;

NOW, THEREFORE, BE IT ORDAINED BY THE COMMON COUNCIL OF THE CITY OF WEST LAFAYETTE AS FOLLOWS:

Section 1. The Resolution and Adoption Agreement of the State of Indiana Public Employee Deferred Compensation Plan is hereby approved with attached Plan and Trust Agreement for the Plan.

Section 2. The Mayor is authorized to sign the Resolution and Adoption Agreement.