Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Board begins review of adding Roth 457 option; staff awaiting Treasury guidance under Secure 2
Summary
Board members asked staff to investigate adding a Roth contribution option to the city’s 457/401-style plans. Staff said a placeholder for Roth language is in plan documents for Jan. 1, 2026, that system work has begun, and that the board is awaiting Treasury guidance related to Secure 2 before final implementation steps.
A board member asked the Oklahoma City Deferred Compensation Board on March 3, 2025, to investigate allowing Roth contributions in the city’s 457 plan. Board members discussed the difference between Roth and traditional (pre-tax) contributions and noted the need for further legal and systems work before implementation.
A speaker who described the…
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
