Get email alerts on the Retirement Benefits topic
No spam. Unsubscribe anytime.
Council authorizes Roth 457(b) option for Ohio Deferred Compensation Plan
Summary
Sylvania City Council adopted Resolution No. 7-2026 on July 20, 2026, adding the Roth 457(b) option to the Ohio Deferred Compensation Plan as an emergency measure. The resolution was presented by Councilmember Brian McCann and passed unanimously, 6–0.
Council on July 20 adopted Resolution No. 7-2026 to authorize adding a Roth 457(b) option to the Ohio Deferred Compensation Plan as an emergency measure. Brian McCann presented and read the resolution title aloud before moving for passage; the roll-call vote was 6 yeas, 0 nays.
The resolution, described in the meeting record as “authorizing the addition of the Roth 457(b) option to the Ohio Deferred Compensation Plan; and declaring an emergency,” aligns the city's deferred-compensation offerings with options available through the state plan. No additional details on implementation timing or employee enrollment procedures were provided at the meeting.
AI generated
The text on this page is AI generated. Summaries, highlights, analysis, and video transcripts are all produced from the original source material.
AI can make mistakes, so if you spot one, and we will fix it for everyone.
Note: the source content is unaltered by us. Any content source we link to, be it a video, an audio recording, or a document, is presented exactly as its publisher released it. That publisher is usually a government body, sometimes an individual official or another organisation.
