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Deferred Compensation Program (DCP) Send completed form to: <br /> Resolution No. 7639 Department of Retirement Systems <br /> Employer Support Services <br /> WASHINGTON STATE This resolution can be used to: PO Box 48380 • Olympia, WA 98504-8380 <br /> Department of • Authorize an organization's participation in drs.wa.gov/dcp• 800.547.6657 <br /> Retirement Systems the Washington State Deferred Com ensation <br /> 9 p email: employersupport@drs.wa.gov <br /> Program (DCP) <br /> • Change the automatic enrollment option for <br /> organizations currently participating in DCP <br /> Participation Status <br /> City of Everett <br /> (legal name of organization), <br /> a political subdivision of Washington state, authorizes and approves this resolution. <br /> ® This organization is requesting to participate in the Washington State Deferred Compensation Program. <br /> Or <br /> ❑ This organization already offers DCP and is changing the automatic enrollment option. <br /> Automatic Enrollment Option <br /> RCW 41.50.770 permits counties, municipalities, and other political subdivisions to participate in the DCP <br /> automatic enrollment provision as outlined in WAC Chapter 415-501. <br /> Does the organization want to participate in automatic enrollment? ❑ Yes ® No <br /> Employer Contributions <br /> Does (or will) the organization contribute dollars to any employee DCP account? 0 Yes ❑ No <br /> If yes, and the organization will participate in automatic enrollment, delay submitting employer contributions <br /> for DCP participants until at least 90 days following the initial employee deferral. <br /> Authorizing Signature(s) <br /> The organization: <br /> 1.Requests to participate in DCP, as allowed by RCW 41.50.770. <br /> 2.Has reviewed the program provisions and agrees to accept all terms and conditions. <br /> 3.Understands and agrees that all employee deferrals are held in trust by the Washington State Investment <br /> Board for the exclusive benefit of program participants and eligible beneficiaries. <br /> Passed this 5 day of May 20 21 <br /> Signat r ' Title <br /> City Council President <br /> Printe ame <br /> Bren a Stonecip er <br /> Optional: To include additional Resolution signatures, add a separate sheet of paper. <br /> f?-11.."4-4.6 <br /> Councilmember Introducing Resolution <br /> DCP D 362 11/17 <br />