Town of Bedford charter Awards Financial Services Contract to John Hancock (March 2026)

The Charter Township of Bedford approved Resolution 3/10/26/07 to adopt a new 401(a) Employee Elective Mandatory Before-Tax retirement plan administered through John Hancock, with tiered employer matching contributions based on employee deferral levels. The action authorizes the Township Clerk to work with John Hancock Financial to implement the new plan, which will replace the existing retirement plan for new employees and officials.

Scope & details

The full contract record, as filed.

Contract type

FINANCIAL_SERVICES

Renewal

New retirement plan supersedes the existing plan for new employees and officials as of the adoption date; employer and employee contribution percentages remain in effect for the duration of employment or term of office unless changed by future board action.

Document type

Minutes

Source document

Charter Township of Bedford Board Meeting Minutes March 2026

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Town of Bedford charter?

John Hancock was awarded this financial services contract by Town of Bedford charter, as recorded on March 10, 2026.

What type of contract is this?

This is a Financial Services contract, documented as a minutes record.

Where was this contract approved?

This contract appears in Charter Township of Bedford Board Meeting Minutes March 2026 (Minutes), dated March 10, 2026 from Town of Bedford charter. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does John Hancock hold?

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Town of Bedford charter Awards Financial Services Contract to John Hancock (March 2026)

Scope & details

Related contracts

Frequently asked questions

Who was awarded the financial services contract by Town of Bedford charter?

What type of contract is this?

Where was this contract approved?

What other contracts does John Hancock hold?

What is Town of Bedford charter currently buying?

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