Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Jonesboro committee forwards amendment to open 457(b) plan to uniformed personnel and full-time elected officials
Summary
The Community Committee voted to forward to full council a resolution to amend the City of Jonesboro'0457(b) retirement savings plan so uniformed police and fire personnel and full-time elected officials may make elective pretax deferrals (effective Jan. 1, 2026); the amendment specifies there will be no city matching contributions.
The Community Committee of the City Council of Jonesboro voted to forward a resolution that would change eligibility for the city's nonuniform employees 457(b) retirement savings plan to include uniformed police and fire personnel and full-time elected officials.
City staff explained the adoption agreement would rename the plan the City of Jonesboro 457(b) plan and make the amendment effective Jan. 1, 2026. Staff said the change would allow those newly eligible to make pretax elective deferrals to the 457(b) plan but that those contributions…
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
