Bedford Charter Township Board Meeting Minutes March 10 2026
Township Approves New 401(a) Plan with John Hancock Financial
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Description
The Bedford Charter Township Board approved a new 401(a) retirement plan with John Hancock Financial, setting employer and employee match rates for eligible employees and officials. The plan supersedes the township’s previous retirement benefit structure. Clerk Feraco is authorized to finalize necessary updates with John Hancock Financial.
Contract Details
Vendor
JOHN HANCOCK FINANCIAL
Agency
Town of Bedford charter, MI
Contract Type
FINANCIAL_SERVICES
Document Date
March 10, 2026
Contract Term
Duration of employment with the Township and/or until the elected or appointed Public Official is no longer in office
Renewal Info
Plan supersedes previous policy for new employees and officials. Plan applies for duration of employment or office tenure for each individual. No explicit renewal or end date provided.
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