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Commissioners discuss deferred-compensation option, schedule resolution for next week
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Summary
Rosebud County commissioners discussed a voluntary deferred-compensation option tied to MPERA and said a resolution to consider formal approval will appear on next week’s agenda; commissioners said the program would not require a county match or employer contribution.
Rosebud County commissioners discussed a proposed deferred-compensation retirement option during their March 24 meeting and said they will place a resolution for formal consideration on next week’s agenda.
The Chair introduced the item and described it in the transcript as "a $4.57 b for deferred compensation" connected with "MPERA." Commissioners said enrollment would be voluntary and that the county would not assume employer costs or be required to provide a match. Commissioner (S2) described it as "an additional option" employees could choose, and Commissioner (S3) said local municipalities have offered similar options.
Why it matters: deferred-compensation plans let employees save for retirement on a tax-advantaged basis; whether the county contributes employer funds or offers a matching benefit affects employee take-up and county budget exposure. Commissioners emphasized today’s discussion was informational only and that the formal resolution will return next week for a potential vote.
No formal action was taken on the retirement plan at this meeting.
