Council approves MERS signatory and retirement-plan resolutions
Summary
Council approved resolutions establishing authorized signatories for MERS contracts/service credit purchase and adopted the MERS Defined Contribution Plan and the MERS Uniform 457 Supplemental Retirement Program; motions were approved unanimously.
The council approved multiple MERS-related resolutions on July 13, including establishing authorized signatories for MERS contracts and service-credit purchases, adopting the MERS Defined Contribution Plan, and approving the MERS Uniform 457 Supplemental Retirement Program. Motions were moved by Councilmember Miller with seconders noted, and the minutes record unanimous approval for each action.
These resolutions authorize administrative and fiduciary steps needed to implement the retirement plan options for eligible personnel. The minutes do not list implementation timelines or specific employee groups; staff will process required documentation with MERS per the council's direction.
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