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Brighton pension board recommends switching retirement recordkeeper to Empower; staff to bring plan change as resolution
Summary
Brighton’s pension board told council it recommends changing the city’s retirement recordkeeper from MissionSquare to Empower after a formal RFP. Staff said fees are paid from plan assets and the city will bring a resolution to adopt the plan and change recordkeepers for council approval.
Brighton staff and the pension board recommended switching the city’s retirement recordkeeper from Mission Square to Empower and told council at the April 22 study session they will return with a resolution to approve the plan change.
Finance staff said the city completed an RFP for record-keeping services,…
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