C | Consideration and Adoption of Resolution No. 2023-45: A resolution of the Flagstaff City Council, adopting the Public Safety Personnel Retirement System 457(b) Deferred Compensation Program. | ||||||
Human Resources Director Randy Tracy addressed Council and stated that the resolution would provide a PSPRS deferred compensation program to Public Safety employees similar to that provided to the typical ASRS employee. There was some confusion when a similar plan was introduced last year; that plan was intended only for ASRS employees and now the public safety employees must be moved to their own plan. There were questions concerning the funds put into the wrong plan by the employee. Mr. Tracy and Management Services Director Rick Tadder assured that all funds contributed by the employee will remain and transfer over in their entirety. |
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Moved by Councilmember Jim McCarthy, seconded by Councilmember Deborah Harris to read Resolution No. 2023-45 by title only. | |||||||
Vote: 7 - 0 - Unanimously | |||||||
A RESOLUTION OF THE FLAGSTAFF CITY COUNCIL, ADOPTING THE PUBLIC SAFETY PERSONNEL RETIREMENT SYSTEM SUPPLEMENTAL SALARY DEFERRAL PLAN | |||||||
Moved by Councilmember Jim McCarthy, seconded by Vice Mayor Austin Aslan to adopt Resolution No. 2023-45. | |||||||
Vote: 7 - 0 - Unanimously | |||||||