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Memorandum
To: Mayor Hicks and City Councilmembers
From: Melanie Mesko Lee, Assistant City Administrator
Re: Approve Offering ICMA IRAs to City Employees
Date: March 15, 2007
Council Action Repuested:
Approve offering ICMA-RC Payroll IRAs to City employees.
Backuround Information:
The City currently offers employees the opportunity to participate in a 457 retirement
savings plan through ICMA-RC. ICMA-RC also offers payroll IRAs and staff
recommends approving offering these plans as an option to employees.
If you have any questions about this memo, please do not hesitate to contact me
G~ty of Hastinep • 1Qi r-aurt~ 5t~eet East • HasUn~~, fAN 554.3-1955 p:651-4EG2:3F!-~ f:6~1-43;•-4~~ • w~+v~r.u.ha5tletl~s mn.u~