File #: 19-061    Version: 1 Name:
Type: Order Status: Passed
File created: 4/3/2019 In control: Town Council
On agenda: 4/9/2019 Final action: 4/9/2019
Title: To approve changes to the Administrative Code Article VI, Section 18, Retirement Plan, so that upon hire the Town will match up to 6% of employee contributions to the deferred compensation plan as allowed under those plans.
Attachments: 1. 19-061 Cover Sheet, 2. Memo HR Director - Deferred Comp

I.                     Council Action Requested.

Title

To approve changes to the Administrative Code Article VI, Section 18, Retirement Plan, so that upon hire the Town will match up to 6% of employee contributions to the deferred compensation plan as allowed under those plans.

Body

II.                     Basis for Council Action.

 

Council approval of this item is required because;

 

a.                     Article III, Section 2(A)(10) of the Charter requires the Town Manager to "prepare an Administrative Code, submit it to the Council and be responsible for its administration after adoption by the Council,"

 

III.                     Issue Summary.

 

Please see the attached memo from HR Director Phyllis Moss.