Council adopts optional 457 deferred-compensation plan for employees
Council approved Resolution 2026-R-007 to add a 457 deferred compensation option intended to offer lower fees and expanded investment choices to management and GPOA employees; staff said participation is optional and there is no material city cost aside from limited matching for certain groups.
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The Gridley City Council voted to adopt a supplemental 457 deferred compensation plan, approving Resolution 2026-R-007 and authorizing the city administrator to execute required documents.
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