County employees may have to contribute to retirement - WALB.com, Albany News, Weather, Sports

County employees may have to contribute to retirement

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Right now, taxpayers foot the bill for the entire defined benefit pension plan. The county is looking for ways to save money to balance the budget.

 The retirement committee came up with four proposals from having employees contribute 3% to coming up with an entirely different retirement plan.

The committee recommends the 3% employee contribution.

"The committee was very cognizant of the employees current situation as to no cost of living, no raises, and opted for the plan that saved the county some money but retained as much benefit as they could for the employees," said Retirement Committee Chairman Denver Collins Hooten.

The County Commission must approve the proposal. The contributions are expected to generate $645,000 a year for the pension fund.

If approved, the contributions would take effect January first.

 

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