City of Imperial City Council Minutes 2026-05-04
City Shortens Vesting in Retirement Plan
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Description
The Imperial City Council approved a change to the Retirement Plan Consultants-administered retirement plan, reducing the employee vesting period from seven to three years. The adjustment is intended to improve recruitment and retention of city employees.
Contract Details
Vendor
RETIREMENT PLAN CONSULTANTS
Agency
City of Imperial, NE
Contract Type
FINANCIAL_SERVICES
Document Date
May 4, 2026
Contract Term
Vesting period reduced from seven years to three years of employment
Renewal Info
Vesting schedule amendment to existing Retirement Plan Consultants agreement; no explicit renewal dates discussed.
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