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Council reviews proposal to raise supplemental retirement match to 4% for sworn employees excluded from Social Security
Summary
Human resources presented an ordinance change that would allow sworn police officers and firefighters — employees who do not participate in Social Security — to receive a 401(k) match up to 4 percent. Staff said the annual cost is approximately $282,000 and that that expense is included in the mayor’s proposed budget.
Provo City human-resources staff proposed an amendment to the city code to increase the city’s supplemental retirement match to up to 4 percent for employees who do not participate in Social Security — specifically sworn police officers and firefighters — while leaving the existing 2 percent match for other employees.
HR Director Daniel Safdie reviewed the background for the change: Provo City historically opted out of Social Security for sworn public-safety positions because those employees participate in the Utah Retirement System (URS). The…
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