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The Chelsea City Council approved Oct. 7 a resolution to add a supplemental 457 retirement plan for city employees.
Resolution 12-85, approved by voice vote, authorizes adding the supplemental 457 plan to the City of Chelsea's employee retirement options. The motion was moved and seconded during the meeting and the council voted in favor by voice vote.
Council did not provide details about the plan provider, employee eligibility rules, contribution limits or when the plan will become available; those implementation details were not specified in the meeting record.
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