Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Investment committee adopts hybrid defined‑contribution plan document with revised hardship provisions
Summary
The committee approved final adoption of a hybrid defined‑contribution plan document after staff said implementation issues with DFA and statewide agencies were resolved; the main substantive change replaces an 'unforeseeable emergency' standard with a reworked 'hardship provisions'.
The investment committee approved final adoption of the hybrid defined‑contribution plan document, concluding a period of interagency coordination that staff said resolved earlier implementation issues with the Department of Finance and Administration and other statewide agencies.
Staff told the committee the package includes three categories of edits:…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
