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Northglenn requests deeper analysis after third‑party comparison of police retirement options
Summary
The city heard an independent overview comparing the current police defined‑contribution plan with an FPPA defined‑benefit plan. Council gave staff direction to pursue a more detailed financial analysis at the request of the police union.
City staff and a third‑party adviser briefed Northglenn City Council on Sept. 23 on retirement plan options for police officers after a request from the Fraternal Order of Police to evaluate moving from a local defined‑contribution plan to the statewide FPPA defined‑benefit system.
Inovest Portfolio Solutions principal Jared Martin described conceptual differences between defined‑contribution (money‑purchase) accounts — the city’s current police retirement structure administered via Mission Square Retirement — and the FPPA…
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