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Council raises employer contribution to Tier II public safety retirement
Summary
Ephraim City Council approved Resolution ECR 26-12 to increase the city's employer-paid contribution to Tier II Public Safety and Firefighter Retirement from 4.73% to 5.98% to support recruitment and retention; the motion carried with one opposition.
Council considered Resolution ECR 26-12 to authorize an increase in the employer-paid contribution toward the Tier II Public Safety and Firefighter Retirement System. Finance Director Jon Knudsen outlined the proposed change from 4.73% to 5.98% of compensation for eligible employees and explained potential benefits for recruitment and retention as well as the longer-term personnel cost implications.
Councilmember Powell moved to approve the resolution and Councilmember Nordfelt seconded. Councilmember Loren Steck recorded an opposition; the motion carried. The minutes note that once adopted the increased contribution could not be reduced for existing participating employees.
