Summary
The city plans to consolidate four deferred compensation vendors into one, Empower Retirement, at no cost to the city. Employees' average fees drop from $41 to $14 a year, the stable value fund rate rises to 4.25% in year one, and workers gain the ability to borrow from their own accounts.
At a glance
- Total mentions
- 1
- Last 30 days
- 0
Last discussed May 6, 2026.
Impact analysis
💰Financial impact
No cost to the city; employees save an average of $27 per year in fees.
✅Who benefits
City employees participating in the deferred compensation plan.
Mentions & discussions (1)
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