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City manager pitches adding ASRS and PSPRS 457 deferred‑comp plans to lower fees for employees
Summary
City staff and a Nationwide Retirement Solutions representative briefed the council on adding Arizona State Retirement System (ASRS) 457 and Public Safety Personnel Retirement System (PSPRS) 457 deferred‑comp plans to reduce fees for employee retirement accounts and increase savings options.
Clark Crowder of Nationwide Retirement Solutions presented to the Nogales City Council on Aug. 6 on proposed additions to the city’s supplemental deferred compensation offerings: ASRS 457 and a PSPRS 457 plan for public‑safety employees. City Manager Joel Kramer said about 20% of employees currently participate in a supplemental plan and the city is working to improve participation.
Crowder said…
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