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Council approves 2% wage increase and 9% retirement payroll changes for FY2026
Summary
The Holdridge City Council adopted a 2% increase to the city's wage and salary schedule for fiscal year ending Sept. 30, 2026, and approved a resolution implementing 9% employee payroll deductions with matching employer contributions to the city retirement plans.
The Holdridge City Council voted to adopt two personnel-related resolutions affecting city pay and retirement contributions. The council approved Resolution 2024-07, which resolves a 2% increase to the City of Holdridge wage and salary schedule for the fiscal year ending Sept. 30, 2026. Immediately following, the council adopted Resolution 2025-08 resolving 9% employee payroll deductions and matching employer contributions to the City of Holdridge defined contribution plan and the City of Holdridge police officers’ retirement plan. Both measures passed on recorded roll-call votes after motions and seconds were made and recorded. Council members moved the wage increase and later moved the retirement-contribution change; votes were captured by name on the record. The wage increase applies to the adopted salary schedule for the fiscal year ending Sept. 30, 2026; the retirement resolution establishes employee payroll deductions of 9% with a matching employer contribution per the council action. The transcript does not include the council discussion of actuarial assumptions, plan administrators, or detailed budget offsets; those details were not specified on the record. Staff will be responsible for implementation through payroll to reflect the deduction and employer-match changes; no additional implementation dates beyond the fiscal-year reference were specified during the recorded action.
