§ 45308 Local Retirement Fund Options

• •The government can create and manage its own retirement fund for employees.
• •They can also ask other cities, counties, or state departments to help with retirement plans.
• •Help can include setting up the plan, managing money, or investing funds.

A small town wants to start a retirement plan for its workers but doesn’t know how to manage the money.

The town can either run the retirement plan themselves or ask a bigger city or the state to help manage the money and investments.