Termination of general employees' retirement income plan
Summary
The city is shutting down a pension plan frozen since 2014, moving it to a private insurer. Retirees get options (lump sum, rollover, age-55 benefits), and 147 former employees become 100% vested. Police, fire, and teachers are untouched.
At a glance
- Total mentions
- 1
- Last 30 days
- 0
Last discussed Aug 5, 2026.
Impact analysis
No cost to the city; well-funded plan with a 5% assumed rate of return being transferred to an insurer.
Former general employees who gain flexible payout options and full vesting.
General employees covered by the terminated retirement plan.
Mentions & discussions (1)
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