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E. Resolution 26-07 Amending Thrift Plan

May 4, 2026 City Council Meeting · 2026-05-04 · agenda_item

This item concerns Resolution 26-07, which amends the City of Destin's current Thrift Savings Plan. The amendment will close the plan to new participants, give full vesting to employees enrolled by January 1, 2026, and allow about 20 current participants to continue with city matching contributions. This action is the next step in the plan's evolution, with more changes expected later. The resolution has been approved by the City Council. This item does not involve construction or direct services for contractors, suppliers, or trades. Future updates to the plan may create opportunities, but no immediate work is being set in motion by this specific resolution.

employees enrolled
1 January 1, 2026
current participants
20 employees

Industries that could win this work

  • Legal Services
  • Accounting & Tax

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