City Retirement Fund Sees Increase

The City of Clayton retirement fund seems to be working in favor of the city since making the switch to a new provider.

Speaking with Clayton City Manager, Cissy Henry, she tells us that the city’s former retirement fund seemed to always be under funded, which led to the change to Mass Mutual.

The city seems to be pleased with the new retirement provider, as the fund has increased. “I was glad to be able to give the council an increase on our retirement,” Says Henry, “instead of losing funding, it (the fund) increased by over $11,000 in the last month.”

The city elected to go with Massmutual as the retirement provider in October.