CITY of RAPID CITY

Agenda Item Summary

 

Meeting Date: 6/26/2013

Commission, Board or Committee: Click here to enter date.

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PW Committee or L&F Committee: 6/26/2013

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City Council 1st Reading: Click here to enter date.

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City Council 2nd Reading: Click here to enter date.

Agenda Title:

Add SDRS Roth 457 Program option to Rapid City employee benefit plan.

Summary:

The SDRS is adding a Roth 457 Program to their supplemental retirement plan as of July 1, 2013.  Roth 457 plans are funded by the employee with after tax dollars as a payroll deduction.

Funding Source & Fiscal Impact (if applicable):

No financial impact to the City of Rapid City.

Recommendation:

Action: Choose an item. Approve

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Options:

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Attachments & Links:

SDRS letter

Roth457 letter

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