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Council approves switch to Voya for retirement plans, engages Pension Solutions; group‑annuity item tabled
Moore City Council · December 16, 2024
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Summary
Council approved changing the city’s retirement plan recordkeeping from Empower to Voya and contracting Pension Solutions as third‑party administrator; an associated group‑annuity contract to recoup Empower exit charges was tabled for the next meeting.
The Moore City Council approved two companion items on Dec. 16 to change the city’s retirement plan recordkeeping and administrative arrangements. Steve Conkin, the city’s retirement adviser, summarized a process that solicited bids after dissatisfaction with Empower’s service; two finalists — Voya…
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