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Council agrees to discuss possible supplemental contribution to pension/benefit portfolios
3403851 · April 9, 2025
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Summary
Council members agreed to place discussion of a potential supplemental contribution (around $1 million suggested) to town supplemental pension/benefit portfolios on a future agenda after staff and audit-committee review.
Council members on April 8 directed staff to place a discussion about a possible supplemental contribution to the town's pension and benefit portfolios on a future agenda after an audit-committee briefing.
During deliberation on the February investment-activity report (consent item 4), a council member said the town is roughly 85% funded…
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