City of Portland City Council Minutes March 2026
Council Approves Equitable Advisors 457(b) Employee Retirement Plan
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Description
City Council approved the adoption of a 457(b) Retirement Plan administered by Equitable Advisors for city employees. The plan will be funded via employee payroll deductions at an estimated 1.1% cost to the participant.
Contract Details
Contract Amount
1.1% (employee paid)
Vendor
EQUITABLE ADVISORS
Agency
City of Portland, IN
Contract Type
FINANCIAL_SERVICES
Document Date
March 2, 2026
Contract Term
Ongoing, as long as city employees participate
Renewal Info
Plan is ongoing unless terminated by council or vendor notice; no stated auto-renewal or end date.
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