Amend employee retirement savings plan to add administrator and restructure committees
In Plain English
The city offers employees a deferred compensation plan that lets them save pre-tax money for retirement. The current plan lacks a dedicated administrator and has an outdated committee structure. If approved, the city adds a professional plan administrator and creates new committees to oversee the program and handle emergency withdrawal requests.
Auto-generated summary. Source: official agenda documents.
Votes
Approve Resolution No. 140-05
9 to 0
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