City Amends FMPTF 457(b) Plan for Roth Option
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Description
The City of Gulf Breeze will amend its existing 457(b) Deferred Compensation Plan with the Florida Municipal Pension Trust Fund to add a Roth contribution option effective April 15, 2026. The change ensures compliance with SECURE 2.0 Act catch-up contribution requirements without increasing plan administrative costs.
Contract Details
Vendor
FLORIDA MUNICIPAL PENSION TRUST FUND
Agency
City of Gulf Breeze, FL
Contract Type
FINANCIAL_SERVICES
Document Date
April 20, 2026
Contract Term
Amendment effective April 15, 2026; original plan effective May 20, 2002
Renewal Date
2026-04-15
Renewal Info
Amendment to existing plan originally effective May 20, 2002; adds Designated Roth contributions but does not alter plan administrator or investment framework.
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