Approve MERP enhancement to Knox County Employee Benefit System

Consideration of a Resolution of the Commission of Knox County, Tennessee, approving an amendment to the Knox County Employee Benefit System to provide for a Medical Expense Retirement Plan (MERP) enhancement to further encourage and assist eligible employees to save for their own retiree medical expenses by increasing the maximum annual Matching Employer Contribution from 50% of the first $416 to 50% of the first $832 contributed by the participant.

Source: official minutes (PDF) for November 15, 2021.