Item 8 Passedunofficial
Authorize execution of an agreement with the City of Austin Employees’ 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 item would let the City of Austin Employees' Retirement System's eligible employees and retirees join the City's 457(b) deferred compensation plan, a way to set aside savings for retirement. The agreement is cost-neutral, so it adds no overall expense to the City.
"without objection, the consent agenda is adopted" — meeting transcript (unofficial)