Authorize execution of an agreement with the Austin Police Retirement System 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 Police Retirement System join the City's 457(b) deferred compensation plan — a retirement savings option that gives those folks another way to set money aside for the future. Council notes it's cost-neutral, with no overall expense to the City as a result.

public safety

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

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