Township Considers MERS 457 Plan Participation Agreement

Scio Township is considering adoption of a MERS 457 Participation Agreement to implement a new employer matching contribution benefit for professional firefighters, retroactive to January 1, 2026. The agreement would formalize employer matches of 1–2 percent based on employee deferral rates, within IRS limits and plan rules.

Scope & details

The full contract record, as filed.

Contract type

FINANCIAL_SERVICES

Contract term

Retroactive to January 1, 2026; beginning Calendar Year 2026, ongoing subject to plan and IRS limits

Renewal

Ongoing retirement plan participation agreement; employer match benefit begins in Calendar Year 2026 and is retroactive to January 1, 2026, and will continue subject to IRS limits, plan provisions, and any future amendments or collective bargaining changes.

Document type

Agenda

Source document

Scio Township Agenda Approval of Participation Agreement to Amend 457 Retirement Plan for Members of Scio Township Professional Firefighters Union 2026-08-11

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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 Scio?

MERS was awarded this financial services contract by Town of Scio, as recorded on August 8, 2026.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Scio Township Agenda Approval of Participation Agreement to Amend 457 Retirement Plan for Members of Scio Township Professional Firefighters Union 2026-08-11 (Agenda), dated August 8, 2026 from Town of Scio. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What is Town of Scio currently buying?

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Township Considers MERS 457 Plan Participation Agreement

Scope & details

Related contracts

Frequently asked questions

Who was awarded the financial services contract by Town of Scio?

What type of contract is this?

Where was this contract approved?

What other contracts does MERS hold?

What is Town of Scio currently buying?

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