RESOLUTION

A RESOLUTION TO AWARD THE TAX SHELTERED ANNUITIES 403(B) AND EMPLOYEE DEFERRED COMPENSATION 457(B) RETIREMENT PROGRAMS CONTRACT TO VALIC RETIREMENT SERVICES COMPANY

WHEREAS, Fauquier County Government and Public Schools requested proposals for 403b and 457b Retirement Services; and

WHEREAS, the Selection Committee has reviewed eleven proposals to determine the proposal that provides the best financial option, provides the most access to investments, and offers the experience and ability to meet the needs of the County; and

WHEREAS, the Selection Committee has presented recommendations to the Board of Supervisors and the School Board concerning the employee retirement program; now, therefore, be it

RESOLVED by the Fauquier County Board of Supervisors this 11th day of October 2007, That the County and School 403b and 457b Retirement Plans be, and are hereby, awarded to VALIC Retirement Services for services commencing January 1, 2008; and, be it

RESOLVED FURTHER, That this award of contract is contingent upon the Fauquier County School Board’s adoption of a similar resolution; and, be it

RESOLVED FINALLY, That the County Administrator be, and is hereby, authorized to execute the contract for retirement services upon the review and approval of the County Attorney.

 

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