Treasurer: New state rule requires 5% Roth contribution for W‑2 staff starting July 1, 2026
Treasurer David Carpenter told the Rocky Point Fire & E.M.S. board that a new state statute effective July 1, 2026, requires the department to contribute 5% of gross pay for W‑2 employees into Roth accounts, and warned the change will raise payroll fees.
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David Carpenter, Rocky Point Fire & E.M.S. treasurer, told the board on April 13 that a new state statute taking effect July 1, 2026, will require the department to pay 5% of gross wages for W‑2 employees into Roth accounts. He said the change will add payroll fees and provided a state hotline for questions: 1-844-661-6777.
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