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Council reviews proposal to increase city retirement contribution; staff to provide feasibility analysis
2093614 · January 9, 2025
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Summary
Councilmembers discussed a proposed increase in the city's retirement contribution from 2.5% to 3% (with matching provisions) and requested a feasibility study and financial impact analysis before action.
The council discussed a resolution (R‑34‑2025) proposing an increase in city retirement contributions during the Jan. 6 work session.
A staff summary noted the city currently contributes 2.5% with additional matching provisions up to 4% for the 457 plan; the proposal…
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