The Edmond City Council approved a recommended increase to the combined contribution rate for the Edmond Employee Pension Plan from 17.94% to 18.43%, and adopted Ordinance 4063 to amend the municipal code provisions governing the plan.

A presenter identified as Ross summarized the actuarial recommendation and said the increase would be effective Jan. 1, 2026. The recommendation split the 0.49 percentage-point increase between employees and the city, raising the employee rate from 11.94% to 12.29% and the city portion from 6.00% to 6.14%. Ross said the half-year fiscal impact beginning Jan. 1 would be approximately $78,000 and the full-year impact roughly $157,000–$158,000, with most of the burden borne by utilities because of their staffing mix.

Council members asked for an annual review of disability/exclusion clauses and for additional context on funding status; Ross estimated the plan’s funded ratio at around 85% on unaudited figures and said the actuarial assumptions and annual funding are the key determinants of long-term funding health.

Council members voted separately to approve the funding-rate change and to adopt Ordinance 4063; both motions passed unanimously, and the council also approved the ordinance’s emergency clause in a separate vote.

The changes apply to full-time employees who are members of the plan (excluding uniformed police and fire, which are in state plans). The council did not vote on changes for police and fire plans, and staff noted seasonal and part-time staff are not included.