The Chandler City Council voted to introduce the Defined Contribution Plan for city employees through the Oklahoma Municipal Retirement Fund at its regular meeting on Nov. 18.
The plan is in addition to the defined benefit plan, which is mandatory for city governments to provide to full-time employees. The defined contribution plan is voluntary, pre-tax employee contributions that the city does not match, according to Kyle Ridenour from OMRF. It won’t cost the City of Chandler anything. The plan is available to full-time city workers, excluding fire and police, who have their own separate pension systems.
The Council approved a budget amendment of $80,174.78 for the Fire Department from the Department of Ag/Forestry Grant before later approving the purchase of a Ford F-350 by the department. Part of the grant ($56,819) will be used to purchase the truck, said Fire Chief Bobby Buchanan.
The vehicle will replace a truck that the department currently has on loan from the Department of Agriculture and Forestry. Buchanan estimated that it will cost around $90,000 to $95,000 to fully outfit the truck, which will be used during wildland fires.
The Council approved the rezoning of a lot on W Third Street from general residential to general commercial so that the owners could open a plumbing business. Additionally, they approved a finalized Right of Way Agreement with Centranet LLC to install fiber broadband infrastructure.
The Council also approved the application from Wayland Tabor for a lump sum distribution from the Oklahoma Municipal Retirement Fund.