Amend city employee retirement savings plan rules
Resolution Resolution No. 130-09
In Plain English
The city offers employees a 457(b) retirement savings plan that lets them set aside pre-tax income for retirement. The current plan rules were last updated in 2009. If approved, updated rules align the plan with current federal regulations and improve investment options for city workers.
Auto-generated summary. Source: official agenda documents.
Votes
Approve consent calendar
6 to 0
Community Discussion
This discussion was submitted to the City Clerk as part of the public record.
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The Story So Far
10 prior discussions on this topic
Meet privately with union negotiators to discuss employee contracts
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Meet privately with union representatives to discuss employee contracts
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Approve 3-year labor contract with city employees union through 2028
Hold closed-session meeting to discuss contract negotiations with 6 employee unions
Receive 4 February financial reports on investments, overtime costs, property taxes, and retirement benefits
Receive monthly financial reports for January 2026