Title
Approval of the TCRS 401K Resolution
Body
SUMMARY:
Council approved for the City to re-enter the Tennessee Consolidated Retirement System (TCRS) effective July 1, 2024. A second Resolution is required to approve the 401K section of TCRS’s Hybrid model. The 401K system is where Mission Square employees will be moved into without vesting requirement.
BUDGET ACCOUNT:
Recommended Action
NECESSARY COUNCIL ACTION: Approve Resolution for 401K