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Hiram council discusses proposed retirement plan change, debate over "skin in the game" clause
Summary
Council and staff discussed proposed changes to the city—s employee retirement plan, options for referendum language, a possible two-year eligibility delay and funding status; no final vote recorded in the work session.
City staff briefed council members on proposed changes to the municipal retirement plan and the mechanics for a referendum, and council members debated whether to include a minimum-service delay before employees could retire under a new multiplier.
Staff said the city and its consultant (GMA) have discussed options and that the council could be asked to vote the following week on referendum wording and an effective date. The packet and recorded conversations with GMA were distributed to council members, staff said.
The substantive policy choice…
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