Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Johnson County solid waste board authorizes retirement plan structure change to add 401(a) sidecar and Roth option
Summary
The Johnson County Solid Waste Management District board voted Jan. 12 to authorize a change to its employee retirement plan structure — creating a 401(a) sidecar for employer contributions and adding a Roth option to the existing 457(b) — and authorized the executive director to sign plan documents.
The Johnson County Solid Waste Management District board voted Jan. 12 to authorize a restructuring of the district's employee retirement benefits, creating a 401(a) sidecar to hold employer contributions and adding a Roth option to the current 457(b) plan.
Board counsel and staff explained the change to board members, saying the move separates employer contributions from employees' voluntary 457(b) deposits so employees retain their full deferral room. "The employer's contribution is, 11% of the full time employees' gross…
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
