The City of Franklin offers regular full-time employees, who work a minimum of thirty (30) hours per week, four distinct ways to save for retirement. The four plans are:
Employees hired after February 15, 2010 are given the option of participating in the City of Franklin Pension Plan or the Defined Contribution 401 (a) plan. Both plans require a minimum 5% employee contribution. For employees participating in the Defined Contirbution Plan, the City will match contributions dollar for dollar up to 8%.