Council adopts MERS Uniform 457 supplemental program resolution
City Manager Stanchina recommended adopting a MERS Uniform 457 supplemental program resolution to allow employees the option to invest; the council adopted the resolution unanimously, noting it is an optional employee program.
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City Manager Stanchina asked the council to adopt a MERS Uniform 457 supplemental program resolution that would make the program available to employees as an investment option. He clarified the city is only making the option available for employees to invest; participation is voluntary.
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