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Council adds Roth 457(b) option for city employees
Summary
Sylvania City Council voted July 20 to authorize adding a Roth 457(b) option to the Ohio deferred compensation plan for employees; council confirmed there will be no city contribution and adopted Resolution 7-2026 as an emergency measure.
Missus Smith explained the proposal to add a Roth 457(b) option for employees, noting it provides an after-tax contribution vehicle that grows tax-deferred under current law and that employees would choose between Voya deferred comp and the Roth 457(b). When asked whether the city would contribute to the new option, the response was "No." The council moved, seconded and adopted Resolution 7-2026 as an emergency measure.
Council discussion confirmed the new option does not change current employer contributions or create a city-funded match. The measure passed by voice vote; no roll-call breakdown was recorded in the transcript.
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