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Pasco proposes adding 401(a) option and 457(f) for city manager to modernize retirement offerings
Summary
Staff presented a resolution to create a 401(a) plan option and a 457(f) plan for the city manager to comply with the manager’s employment contract; staff said the changes create flexibility but do not add new cost today.
Director Mattson presented a resolution that would modernize the city’s retirement framework by adding an optional 401(a) plan and establishing a 457(f) account for the city manager, consistent with the manager’s employment contract. Mattson told council the changes do not increase current costs; the city will continue contributions to its existing 457(b) plan and the manager’s previously budgeted retirement contributions would be directed into the 457(f) account.
Mattson said the 401(a) is available as a tool in the future and does not require immediate city contributions. The staff recommendation was framed as creating flexibility for future recruitment and retention without increasing near‑term expenditures.
Council had no substantive objections and did not take a formal vote at the workshop; the item will return for action as a resolution and ordinance as required by the formal process.
