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File #: 2019-0402   
Type: Resolution Status: Approved
File created: 9/13/2019 In control: City Council
On agenda: 10/10/2019 Final action: 10/10/2019
Title: Consider a resolution authorizing the Mayor to execute an Administrative Services Agreement for the City's 457(b) Deferred Compensation Plan.
Attachments: 1. Resolution, 2. Exhibit A

Title

Consider a resolution authorizing the Mayor to execute an Administrative Services Agreement for the City's 457(b) Deferred Compensation Plan.

 

Body

The agreement is to allow Nationwide Retirement Solutions to provide 457(b) Deferred Compensation retirement benefits to City employees to be paid for by the employee with no City contributions.  In summary, there is no cost to the City.