Authorize execution of an agreement with the Austin Firefighters Retirement Fund for its eligible employees and retirees to participate in the City’s 457(b) Deferred Compensation Plan. Funding: This item has no fiscal impact as participation is cost-neutral to the City, with no overall expense to the City as a result of such participation.

This would let employees and retirees of the Austin Firefighters Retirement Fund join the City's 457(b) deferred compensation plan, a tax-advantaged way to save for retirement. The source notes there's no fiscal impact, since participation is cost-neutral to the City with no overall expense as a result.

public safety

"without objection, the consent agenda is adopted" — meeting transcript (unofficial)

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