Board Rejects Proposed John Hancock 401(a) Plan
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Description
On February 10, 2026 the Bedford Charter Township Board voted down a proposed new 401(a) Employee Elective Mandatory Before-Tax retirement plan under John Hancock that would have required a 5% employee contribution and 10% employer contribution. The plan would have sunset and superseded the township’s existing retirement plan.
Contract Details
Vendor
JOHN HANCOCK
Agency
Town of Bedford charter, MI
Contract Type
FINANCIAL_SERVICES
Document Date
March 10, 2026
Renewal Info
Proposed replacement of the existing retirement plan with a new John Hancock 401(a) plan was rejected and therefore not implemented or renewed.
More from JOHN HANCOCK
More from Town of Bedford charter
Charter Township of Bedford Special Meeting Minutes April 2026
Charter Township of Bedford Board Meeting Agenda April 2026
Bedford Charter Township Board Meeting Agenda March 10 2026
Bedford Charter Township Board Meeting Minutes March 10 2026
Charter Township of Bedford Board Meeting Agenda March 10 2026
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