Amend city employee retirement savings plan rules

Labor & City WorkersPersonnel

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

Moved by: Councilmember ViramontesSeconded by: Councilmember Rogers
Passed

6 to 0

McLaughlinAbsent
ButtAye
BatesAye
RogersAye
RittermanAye
LopezAye
ViramontesAye