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Carmel council expands deferred-comp benefits to fire department and approves ordinance
Summary
The council voted to amend city code so Carmel Fire Department members can redirect the employer-equivalent 6.2% FICA contribution into deferred compensation, matching the police arrangement; the measure passed after the fire union reported a unanimous membership vote in favor.
The Carmel Common Council approved an ordinance to extend the city’s non-elective deferred compensation structure to the Carmel Fire Department, allowing the employer-equivalent 6.2% Social Security contribution to be redirected into firefighters’ deferred-comp accounts.
Zach Jackson, Carmel chief financial officer and controller, told the council the change mirrors a long-standing…
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