Calabasas
City Council
3. Updates to City Internal Revenue Code (IRC) 457(b) Retirement Plan with
MissionSquare
Recommendation:
1. Approve a seven-year agreement with MissionSquare Retirement as the sole
provider for future employee IRC 456(b) retirement contributions; and
2. Approve adding a MissionSquare Brokerage Program as an additional
investment option for plan participants; and
3. Approve opening an RC 457(b) MissionSquare Roth account option in
compliance with the Federal Secure Act 2.0, (Setting Every Community Up for
Retirement Enhancement 2.0 Act) requirements; and