Chapter 41.04 RCW authorizes public employers of the state to contract with their employees to defer a portion of the employees’ income to be deposited or invested in a credit union, savings and loan association, bank, mutual savings bank, or purchase life insurance, shares of an investment company or fixed and/or variable annuity contracts for the purpose of funding a deferred compensation program for employees. Based on the foregoing, the county executive is hereby authorized to establish an optional deferred compensation plan for county employees. (Added by Ord. 84-120 § 2, Oct. 17, 1984).