Item 6 Passed 9-0
In plain language — from the agenda backup
This would let employees and retirees of the Austin Firefighters Retirement Fund join the City's 457(b) deferred compensation plan, a tax-advantaged way to save for retirement. The source notes there's no fiscal impact, since participation is cost-neutral to the City with no overall expense as a result.
The official agenda language
Authorize execution of an agreement with the Austin Firefighters Retirement Fund 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.
The roll call
Approved on Consent 9-0
- Kirk Watson Mayor Yes
- Natasha Harper-Madison D1 Absent
- Vanessa Fuentes D2 Absent
- José Velásquez D3 Yes
- José "Chito" Vela D4 Yes
- Ryan Alter D5 Yes
- Krista Laine D6 Yes
- Mike Siegel D7 Yes
- Paige Ellis D8 Yes
- Zohaib "Zo" Qadri D9 Yes
- Marc Duchen D10 Yes