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Committee reviews code change to allow transition of county deferred compensation vendor as MetLife contract nears expiration
Summary
Ordinance 25-083 would amend New Castle County Code Chapter 26, Article 3, Section 26.03.206 to update the deferred compensation plan and planning committee language to accommodate a vendor transition from MetLife to Empower; council discussion praised administration for finding a cost-effective vendor. No committee vote was recorded.
The New Castle County Council Finance Committee on June 24 considered Ordinance 25-083, which would amend the county code governing the deferred compensation plan to facilitate a vendor transition as the county's contract with MetLife nears expiration.
The ordinance, described in committee as an amendment to "New Castle County Code chapter 26, human resources,…
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