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Edmond council approves pension contribution increase, adopts Ordinance 4063 with emergency clause
Summary
The city approved raising the Edmond Employee Pension Plan total contribution rate from 17.94% to 18.43%, splitting a 0.49% increase between employees and the city (effective Jan. 1, 2026), and passed Ordinance 4063 including an emergency clause.
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…
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