Description
Report
Summary
The document is a September 10, 2026 fiduciary investment review prepared for the City of Delray Beach. It is advisory material, not legislation, and addresses the City’s public-sector retirement plans. It explains that qualified plan sponsors generally must amend written plan documents by December 31, 2026, to reflect SECURE, SECURE 2.0, and CARES Act provisions. Changes may involve required minimum distribution ages, Roth catch-up rules, long-term part-time employee eligibility, overpayment protections, and automatic enrollment. Optional amendments include larger catch-up contributions, higher cash-out limits, Roth employer contributions, student-loan matching, hardship self-certification, and emergency withdrawals. The document also emphasizes fiduciary documentation, investment and fee monitoring, participant education, and retirement readiness.
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