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Seat Pleasant staff ask council to suspend police 401(a) while applying for state law-enforcement retirement program
Summary
A police department representative asked the Seat Pleasant City Council for a resolution to suspend the city's 401(a) plan for sworn officers while the department applies to a state law-enforcement retirement program, and said an actuary study will be required to estimate cost and sustainability.
A police department representative told the Seat Pleasant City Council that the department needs a council resolution to suspend sworn officers’ participation in the city’s 401(a) retirement plan while it applies for the state law-enforcement officer retirement program.
The representative said the state application requires that sworn officers not be covered by any other pension program and that the department had to show the state “a 100% of the department wanted to join the program.” The…
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