Officials said they would likely vote for the 403(b) plan for the new hires next month, according to the Newtown Courier-Times.
After some debate, the supervisors decided the board will consider a plan in which new non-union hires participating in the plan will have a minimum contribution requirement of 1% of their salary. The township will match dollar-for-dollar up to 4% of salary deferred.
The one supervisor who voted against the proposal said: “I don’t see why we should mandate someone to invest in their retirement.”