Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Board tables consideration of requiring employer 457 contributions for rehired retirees
Summary
The board debated a proposal to study requiring employers to make 457-style contributions when they hire LEOFF Plan 2 retirees into non-LEOFF positions, but ultimately voted to table the issue for future consideration.
The LEOFF Plan 2 Board discussed on July 23 whether employers should be required to pay deferred-compensation (457) contributions when hiring LEOFF Plan 2 retirees into non-LEOFF positions. After extended discussion about administrative complexity, IRS limits and potential hiring incentives, the board voted to table the item.
Board staff explained the issue: under the state'endorsed Career Choice legislation,…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
