Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Employee Benefits topic
No spam. Unsubscribe anytime.
Maple Valley council approves update to 401(a) Social Security replacement plan
Summary
The City Council approved Resolution R-24-1920 on Sept. 9 to update the city’s 401(a) Social Security Replacement Plan and adopt new plan pricing offered through MissionSquare; the motion passed 5-0 after staff answered council questions.
Maple Valley’s City Council voted Sept. 9 to approve Resolution R-24-1920, updating the municipality’s 401(a) Social Security Replacement Plan and accepting new pricing proposals through MissionSquare. The motion to approve, made by Councilmember Victoria Schroff and seconded by Councilmember Didem Pierson, carried 5-0.
Finance Director Aaron Antin and Director of Human Resources and Risk Management Julie Hunsaker reintroduced the proposed changes and responded to council questions about plan options and costs. The minutes record that staff provided information to the council but do not include detailed pricing figures in the meeting record.
The resolution updates the city’s retirement-plan offerings for eligible employees; the minutes do not specify an implementation date or the specific plan design changes beyond the adoption of MissionSquare pricing. Council did not record supplementary amendments during the discussion.
The council’s recorded action was approval of the resolution; staff will proceed with procurement or contract updates necessary to implement the new plan pricing and report back as required by city procedures.
