Approve 3-year contract with Hyas Group for retirement plan advice

Labor & City WorkersContractsHuman Resources

$106,000

In Plain English

The city offers deferred compensation retirement plans to employees who want to save beyond their pension. Hyas Group would provide advisory services to help employees make investment decisions. The contract costs $56,000 for 3 years with an optional 2-year extension for $50,000 more.

Auto-generated summary. Source: official agenda documents.

Votes

Approve consent calendar

Moved by: Vice Mayor Johnson IIISeconded by: Councilmember Martinez
Passed

7 to 0

Thomas K. ButtAye
Nathaniel BatesAye
Claudia JimenezAye
Eduardo MartinezAye
Gayle McLaughlinAye
Demnlus Johnson IIIAye
Melvin WillisAye