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CABARRUS COUNTY <br /> 1792 <br /> BOARD OF COMMISSIONERS <br /> REGULAR MEETING <br /> MAY 15, 2017 <br /> 6:30 P.M. <br /> AGENDA CATEGORY: <br /> Consent Agenda <br /> SUBJECT: <br /> Human Resources - County 457(b) Deferred Compensation Plan <br /> BRIEF SUMMARY: <br /> The County has provided an IRS qualified Deferred Compensation plan <br /> for many years. The plan option is currently under the administration of <br /> Nationwide. To better align with other County benefits such as the 401 (k) <br /> plan, we propose executing a contract to utilize Prudential as our <br /> recognized 457(b) provider for new hires effective 7/1/17. <br /> REQUESTED ACTION: <br /> Motion to adopt resolution. <br /> EXPECTED LENGTH OF PRESENTATION: <br /> SUBMITTED BY: <br /> Lundee Covington, Human Resources Director <br /> BUDGET AMENDMENT REQUIRED: <br /> No <br /> COUNTY MANAGER'S RECOMMENDATIONS/COMMENTS: <br /> This item was approved by the Board for inclusion on the Agenda as a <br /> Consent item. <br /> F-4 Page 83 <br />