Economy & Community

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This week in San Jose, the Santa Clara Valley Transportation Authority (VTA) Board of Directors held a meeting focused on reviewing the VTA 457-Deferred Compensation Plan assets and expenses for March 2026. Key agenda items included receiving monthly reports on plan assets and expenses, discussing administrative fees for deferred compensation plans, and approving automatic enrollment for employees in the non-represented group. Highlights from the April 28 meeting: - Received and filed the March 2026 Empower Retirement reports on deferred compensation plan assets. - Discussed administrative fees associated with deferred compensation plans. - Approved automatic enrollment for employees in the non-represented employee group. - Provided committee training on Empower’s enhanced personal dashboard for plan participants. These developments relate to San Jose city employees’ retirement benefits and financial planning options managed by VTA, impacting the local workforce and community economy.

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