HomeMy WebLinkAboutMINUTES - 02231999 - C190 n /19
TO: BOA" OF SUPERVISORS � ' " Contra
Costa
FROM- Leslie T. Knight, Director of Human Resources
County
t
DATE: February 23, 1999 S�
SUBJECT: Deferred Compensation Contract Amendment
SPECIFIC~REQUEST(S)OR RECOMMENDATION(S)&BACKGROUND AND JUSTIFICATION
RECOMMENDATION:
AUTHORIZE THE DIRECTOR OF HUMAN RESOURCES to execute a contract
amendment with the Hartford Life Insurance Company for the County Deferred
Compensation Plan.
BACKGROUND:
At the time the Director of Human Resources signed a Board approved five year contract
renewal with Hartford (January 1, 1999 through December 31, 2003), final negotiations
were not completed on the guidelines for implementing the following specific benefit
enhancements to the County's Deferred Compensation Plan.:
1. Implementation and final guidelines for a self directed investment option
whereby employees may purchase stocks or mutual funds through a
designated discount brokerage firm; and,
2. Implementation and final guidelines for a 25 credit per active plan
participant per year by Hartford.
Amending the contract and the Administrative Services Agreement with Hartford to
include the items listed above will officially finalize the contract agreement with Hartford,
H-DEF CONS?.BO
CONTINUED ON ATTACHMENT: YES SIGNATURE:
RECOMMENDATION OF COUNTY ADMINISTRATOR RECOMMENDATION OF BOARD COMMITTEE
APPROVE OTHER
SIGNATU < S):4L�-L A&I=L=.
ACTION OF BOARD ON _ February 23, 1999 APPROVED AS RECOMMENDED XX OTHER
VOTE OF SUPERVISORS
I HEREBY CERTIFY THAT THIS IS A TRUE AND
UNANIMOUS(ABSENT — — 7 CORRECTED COPY OF AN ACTION TAKEN AND
AYES: NOES: ENTERED ON THE MINUTES OF THE BOARD OF
ABSENT: ABSTAIN: SUPERVISORS ON THE DA'Z'E SHOWN.
ATTESTED ebz 1 23- 994
Orig.Dept:Human Resources Depwt=nt (5-1747) PHILBAT�C7R,CLERK OF THE BOARD OF
cc: County Adminterator SUPERVISORS AND COUNTY ADMINISTRATOR
County Counsel
Auditor-Controller
Benefits Service Urdt,Human Resources Depattanent � t
BY i - DEPUTY
M382 (10188)