Approve 5-year agreement with MissionSquare Retirement for employee retirement plans
In Plain English
The city needs a company to manage paperwork and records for 3 employee retirement savings plans. MissionSquare Retirement currently provides these services. If approved, the new contract runs 5 years with an option for 2 more years.
Auto-generated summary. Source: official agenda documents.
Votes
tabled the matter
6 to 0
Why This Vote Matters
The council unanimously postponed a decision on hiring MissionSquare Retirement to manage paperwork for three employee retirement savings plans. The proposed five-year contract would continue the company's current role handling administrative tasks for city workers' retirement accounts. This routine administrative matter was tabled without discussion of the reasons for the delay. The postponement means city employees will continue with current retirement plan administration while the council considers the contract at a future meeting.
Auto-generated context. Source: official meeting records.
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