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• <br /> 036 <br /> • <br /> • <br /> THE SUPPLEMENTAL RETIREMENT INCOME PLAN OF NORTH CAROLINA <br /> R E S O L U T I O N <br /> WHEREAS, thei State of North Carolina, by action of the 1984 General <br /> Assembly, has adopted the Supplemental Retirement Income Plan of North <br /> Carolina pursuant to which the State of North Carolina, its debts, <br /> agencies and instrumentalities are authorized to provide a supplemental <br /> retirement income plan to conform with Section 401 (k) of the Internal <br /> Revenue Code of 1954 as amended, and <br /> PUMAS, the governing body of this unit realizes the necessity of <br /> providing its employees with the benefits of the Supplemental Retirement <br /> Income Plan of North Carolina. <br /> NCW THEREFOR, be it resolved by the Orange County Board of Counissior,ers <br /> in regular session, <br /> 1. That the Orange County Board of Commissioners hereby elects to <br /> participate in the Supplemental Retirement Income Plan of North <br /> Caro1.7 for law enforcemEnt officers and/or the general employees. <br /> 2. That. the Orange County Board of Commissioners hereby agree to <br /> damply with all the provisions of the Plan and the operating <br /> procedures of the Administrator of the Plan. <br /> 3. That the Branch Banking and Trust Company is hereby ordered and <br /> directed to make application to the :Board of Trustees of the <br /> Supplemental Retirement Income Plan of North Carolina for the <br /> enrollment of this Unit and its employees in said Plan. <br /> Upon motion of and seconded by <br /> the above resolution was introduced and approved on the day of <br /> , 7 <br /> . <br /> Date: <br /> Clerk to the Board <br />