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Document Date: 11/30/2009
Document Type: Resolution
Preserve Name:
Keywords (no more than 4): CalPERS Deferred Compensation
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APN Number:
Document No. 09-33
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RESOLUTION NO. 09-33
RESOLUTION OF THE BOARD OF DIRECTORS OF THE MIDPENINSULA
REGIONAL OPEN SPACE DISTRICT APPROVING ADOPTION OF
CALIFORNIA PUBLIC EMPLOYEES' DEFERRED COMPENSATION PLAN
WHEREAS,the MidpeninAlla Regional Open Space District("District") desires to establish an
additional deferred compensation plan for the benefit of its employees; and
WHEREAS,the Board of Administration (tile"Board") of the California Public Employees' Retirement
System("CalPERS") has established the California Public Employees Deferred Compensation Plan (the
"CalPERS Plan") which may be adopted by a governmental employer the employees of which are public
employees; and
WHEREAS,the District believes that the CalPERS Plan and the investment options available
hereunder will provide valuable benefits to its employees; and
WHEREAS,the Board has appointed ING to perform administrative services under the
CalPERS Plan and to act as the Board's agent in all matters relating to the administration of the CalPERS
Plan,
NOW,THEREFORE, BE IT RESOLVED that the Board of Directors hereby:
Approves adopting the CaIPERS Plan for the benefit of the District's employees and authorizes and directs the
Board President to execute the attached adoption agreement on behalf of the District and to provide ING with
such information and cooperation as may be needed on an ongoing basis in the administration of the CalPERS
Plan. A copy of this resolution, the agreement, and any attachments thereto shall be on file in the office of the
MidpeninSLIla Regional Open Space District, 330 Distel Circle, Los Altos,California 94022.
RESOLUTION NO.09-33
PASSED AND ADOPTED by the Board of Directors of the Midpeninsula Regional Open Space
District on December 2, 2009at a Special Meeting thereof, by the following vote:
AYES: Mary Davey, Jed Cyr, Larry Hassett, Nonette Hanko, Pete Siemens,
and Curt Riffle
NOES: None
ABSTAIN:
ABSENT: Cecily Harris
ATTEST: APPROVED:
ell
Va
etary President
d of Directors Board of Directors
I, the Interim District Clerk of the Midpeninsula Regional Open Space District, hereby
certify that the above is a true and correct copy of a resolution duly adopted by the Board of
Directors of the Midpeninsula Regional Open Space District by the above vote at a meeting
thereof duly held and called on the above day.
_IA&(A Q oc'v
Interim District Clerk