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Trustees adopt deferred‑compensation plan for township employees
Summary
Trustees voted to adopt a deferred‑compensation plan under the Ohio Public Employees Deferred Compensation Program, authorizing the clerk to execute an agreement so eligible employees may defer portions of their compensation.
Norwich Township trustees discussed and voted to adopt a plan under the Ohio Public Employees Deferred Compensation Program to make deferred‑compensation options available to eligible township employees. The recorded resolution cites sections of the Ohio Revised Code as the statutory authority for establishing the program and explicitly authorizes the clerk to execute the required agreement on behalf of the township.
The motion to adopt the plan was moved and seconded in the meeting minutes and recorded as approved. Trustees instructed the clerk, Theresa Montgomery, to execute the agreement and determine terms in the township’s best interest; the adoption extends participation to eligible employees per the program guidelines noted in the minutes.
Trustees treated the adoption as a formal resolution, reflecting the board's intent to provide additional employee benefit options consistent with state law.
