The City Council of Jonesboro convened on November 25, 2025, at 10:30 AM to review and vote on resolutions regarding retirement plan amendments and utility fee waivers, while also addressing routine administrative matters. The meeting proceeded with the approval of previous minutes, a discussion on amending the non-uniform employees' retirement plan to include additional personnel, and a request for free utility services for traffic signals.
All right, good afternoon, everybody. Sorry for the delay. We'll I'll go ahead and call today's meeting to order. Um please go ahead and record your attendance by pushing the appropriate button. All right. We do have everybody in attendance today. Um next up is approval of minutes from the Tuesday, November 13th, 2025 meeting. Move to approve unless there's noted change. Second. Motion second to approve. Any questions or comments on the as presented? If not, please record your vote on whether or not to approve the minutes. Moving to new business, um, we have two items. First up is resolution 25164. A resolution authorizing the city of Jonesboro to approve the adoption agreement and amendment one for the city of Jones Rural, Arkansas, non-uniform employees 457B retirement savings plan and trust. Whereas the City of Jonesboro, Arkansas, and a municipality of the state of Arkansas has been has previously established the City of Jonesboro, Arkansas non-uniform employees 457B retirement savings plan and the trust, and we're asked Section 11.01 of the plan allows the city through appropriate action of the city council to amend the plan at any time and from time to time. And whereas the employer desires to approve the adoption agreement, amending the plan eligibility eligible eligibility rules to provide the uniform police, fire department personnel, and the elected officials of the city of Jones are no longer excluded employees. And whereas the adoption agreement amends changing the plan the name of the plan to the City of Jones Borough 457B plan, and whereas this amendment is effective on January 1st, 2026. Whereas this amendment provides that the excluded employees are now eligible to make pre-tax elected deferrals to the plan without city matching contributions, and whereas this adoption agreement does not amend or change the city of Jones for a non-uniformed employees 401A defined contribution plan. Now therefore be it resolved by City Council for the City of Jonesville, Arkansas, the Section One. The City Council hereby approves and adopts the adoption agreement, amending the plan eligibility rules. Section two, the mayor and city clerk are hereby authorized to execute the adopting resolution and amendment one and are authorized and directed to execute file record and deliver such documents and instruments, excuse me, and to make such and to take such other action as is necessary in order to implement and otherwise carry out the intent of this resolution. Move forward full counsel. Second. Motion second forward to full council. Any questions or comments from the committee? Mr. Chairman, the only question I have was what's the difference between is what's been done in the past. I see it says we have non-uniform. You say non-uniform. I don't have it in front of me. April, will you open it up, Soccer? I'd like to elected officials didn't have the opportunity to participate. Got it, got it. Okay, okay. Non-uniform. So that's gonna be sanitation, streets. In 2012, the city adopted the non-uniform retirement plan. It included the retirement savings plan and the matching 401A, the 457B and the 401A, which was the matching portion. That plan specifically excluded uniform personnel and elected officials. With uh first uh security banks kind of they've been our trustee from day one on this. Uh we were uh required to find a new uh record keeper in Millennium is providing that service now. We also are taking the opportunity to open this up for uniform personnel and elected officials to be part of that 457B plan, which they would be able to make uh elective contributions that aren't going to be matched by the city. Those individuals currently have access to a nationwide plan in the old Arkansas Diamond. I think that's one that's been around for many many years. Uh there are a few participants in each of those. Uh, this just gives them another opportunity for retirement savings. It's no cost to the city. Uh there's obviously no deferred liability at in the future on this, and uh so we just kind of see this as an additional benefit for them. Very simply, it's just removing the exclusion for those individuals off of this 457B plan.