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5.09.005 Title.

City Code Section

(Amended by Ordinances 179417, 182168, 185726, 186746 and 187574, effective February 10, 2016.)

  1. A.  The City of Portland, Oregon (City), maintains a deferred compensation plan authorized by Section 457 of the Internal Revenue Code of 1986, as amended (“IRC”) that was originally adopted by City Council on December 17, 1981 and became effective January 1, 1982.
  2. B.  Name of Plan.  This Plan shall be known as the City of Portland Governmental 457(b) Plan.
  3. C.  Effective Date.  The effective date of this Plan, as amended, shall be February 10, 2016.
  4. D.  Service Providers.  As of August 11, 2005, the service providers offered by the Plan are:
    1. 1.  Voya Retirement Insurance and Annuity Company
    2. 2.  Advantis Credit Union