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Council discusses emergency budget amendment for retirement contribution and elevator work; retirement vendor choices questioned
Summary
Ordinance 07-2025, an emergency amendment to the 2025 budget, was introduced to reallocate funds for increased retirement contributions and other items including elevator repairs. Council members pressed staff for clearer line-item budget impacts and asked that retirement vendor options beyond Mutual of America be researched.
Council introduced Ordinance 07-2025 on Feb. 1, 2025, an emergency amendment to the 2025 budget intended to reallocate surplus funds to cover increased employer retirement contributions and other capital needs.
City staff said the measure will cover a proposed increase in employer retirement contribution to 7.5% and that planned elevator work will be held while staff seeks additional details and…
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