AI- 82717
Purchasing Department 21.A.1.
CC REGULAR AGENDA SPECIAL MTG
Hidalgo County
- Meeting Date:
- 10/05/2021
- Submitted For:
- Yolanda Velasquez
- Submitted By:
- Marty Salazar, PURCHASING DEPT.
- Department:
- PURCHASING DEPT.
Information
CAPTION
Discussions and possible action on Hidalgo County's current Deferred 457 Compensation Plan including, but not limited, to the following:
A. Freeze the current plan and limit it to current enrolled employees/elected officials; and/or,
B. Authorize the drafting of a New RFP for an Hidalgo County 457 Deferred Compensation Plan [w/HC-DA Civil review and approval as to legal form] and advertise with option for current participants choose to remain with Reyna & Associates or with eventual awarded vendor.
A. Freeze the current plan and limit it to current enrolled employees/elected officials; and/or,
B. Authorize the drafting of a New RFP for an Hidalgo County 457 Deferred Compensation Plan [w/HC-DA Civil review and approval as to legal form] and advertise with option for current participants choose to remain with Reyna & Associates or with eventual awarded vendor.
BACKGROUND
History of the 457 Plan provided to all Chiefs of Staff and Other County Stakeholders.
Fiscal Impact
- CALENDAR YEAR:
- ACCT. #:
- FUNDS AVAILABLE Y/N?:
- MATCHING FUNDS Y/N?:
BUDGETARY IMPACT:
Fiscal impact is borne by participating HC employees. County does have a fiduciary responsibility regarding this type of plan including administrative costs.Attachments
Form Review
| Inbox | Reviewed By | Date |
|---|---|---|
| Purchasing / Internal | msalazar | 10/01/2021 03:10 PM |
| Budget and Management | Veronica Ortiz | 10/01/2021 03:44 PM |
| Final Approval | Monica Salinas | 10/01/2021 06:22 PM |
- Form Started By:
- msalazar
- Started On:
- 09/30/2021 01:45 PM
- Final Approval Date:
- 10/01/2021