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Council approves first reading for employee defined-benefit retirement plan; second reading required
Summary
The council approved first-reading action for an employee defined-benefit retirement plan but noted a full second reading is required; members discussed calling a special meeting because the plan's effective date is March 1.
Hoschton City Council approved the first reading of an ordinance to adopt an employee defined-benefit retirement plan but agreed a second reading will be required before the plan can take effect.
Staff told the council that the ordinance, if adopted, is intended to take effect March 1 but the council did not have a full complement of members present for final adoption. City staff said, because the contract includes a March 1 date, staff will coordinate with the Georgia Municipal Association (GMA) and the council to either schedule a special called meeting for a second reading or place the item on the next regular meeting agenda. Councilmembers discussed quorum requirements and the 24-hour notice rule for a special called meeting; staff said a quorum of four is sufficient for a second reading vote.
Councilmember Fredrea moved to approve the ordinance at first reading; the council voted in favor. Staff will schedule a second reading or special called meeting and confirm the timeline with GMA and the affected plan administrators.
