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City to match up to 4% of employee 457 contributions beginning July 1, 2026
Summary
Council approved a deferred compensation contribution policy that will allow the city to match participating nonunion employees' 457 contributions up to 4% beginning 07/01/2026.
The council approved a change to nonunion employee benefits to begin on July 1, 2026, under which the city will match up to 4% of a participating employee’s contributions to a 457 deferred compensation plan.
Chair (S4) presented the program; council members moved, seconded, and approved the change. The policy will be implemented as described in the council memo: city match up to 4% and effective date 07/01/2026.
Staff will update payroll and benefit records to reflect the new matching policy.
