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City reviews MissionSquare retirement plan updates and optional Secure Act 2.0 "super catch‑up" adoption

City Council of the City of Woodstock · August 18, 2025

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Summary

Staff summarized changes made to city retirement plans in 2024 (reduced fees, new 457 Roth option, in‑service withdrawals) and recommended adopting the optional Secure Act 2.0 super catch‑up that would raise catch‑up limits for eligible older employees; council gave direction to proceed.

City staff reviewed recent changes to the MissionSquare retirement plans and presented an additional optional change under the Secure Act 2.0 at the Aug. 18 work session.

Ron Shelby said the city implemented an open‑architecture fund structure and completed a competitive RFP for record‑keeping and new investment…

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