Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Committee defers decision on plan document and Tier 5 implementation to December after DFA raises payroll‑system concerns
Summary
Trustees agreed to pause final action on a plan‑document change tied to Tier 5 implementation following concerns from the Department of Finance Administration about statewide payroll upgrades. The committee voted to revisit the item at the December meeting; no formal legislative action was approved at this session.
The Defined Contribution Committee agreed on Oct. 17 to postpone final consideration of a plan‑document change tied to Tier 5 payroll reporting until its December meeting after staff reported concerns raised by the Department of Finance Administration (DFA).
A staff member advising the committee said DFA — which administers the statewide payroll system — is in the middle of a major system upgrade scheduled to go live…
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
