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Council adopts pension-plan amendments after third-party administrator review

5332757 · July 8, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

Ordinance 25-082 to amend pension plan provisions for the County 2011 plan passed after staff said a new administrator required document changes to comply with the Internal Revenue Code; one council member questioned how compliance issues arose.

New Castle County Council approved Ordinance 25-082 on July 8, 2025, revising county pension-plan procedures in Chapter 26, Article 4 to align administration of the County 2011 plan and related deferred-compensation plans with the requirements of the county's new third-party administrator. The ordinance passed by roll call; the clerk recorded 12 yes and 1 absent.

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