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

County employees may have to contribute to retirement

Posted: Updated:
  • More WALB News10 HeadlinesMore News HeadlinesMore>>

  • Thomasville woman celebrates 100th Birthday

    Thomasville woman celebrates 100th Birthday

    Sunday, April 20 2014 5:57 PM EDT2014-04-20 21:57:34 GMT
    A Thomasville woman is celebrating her 100th birthday. Irene Manning celebrates her 100th Birthday today. Friends and family threw her a birthday party at Cherokee Lake in Thomasville. Her grandson saysMore >>
    A Thomasville woman is celebrating her 100th birthday. Irene Manning celebrates her 100th Birthday today. Friends and family threw her a birthday party at Cherokee Lake in Thomasville. Her grandson saysMore >>
  • Easter Bunny visits hospitalized children

    Easter Bunny visits hospitalized children

    Sunday, April 20 2014 5:52 PM EDT2014-04-20 21:52:00 GMT
    The Easter Bunny made an appearance at Phoebe Putney Memorial Hospital today.   The Dougherty County Police Department partnered with the Easter Bunny Foundation to deliver stuffed Easter Bunnies to childrenMore >>
    The Easter Bunny made an appearance at Phoebe Putney Memorial Hospital today.   The Dougherty County Police Department partnered with the Easter Bunny Foundation to deliver stuffed Easter Bunnies to childrenMore >>
  • Storm clean up is underway at wildlife rehabilitation center

    Storm clean up is underway at wildlife rehabilitation center

    Sunday, April 20 2014 5:46 PM EDT2014-04-20 21:46:45 GMT
    Storm Clean up is underway at a wildlife rehabilitation center in Thomasville.   Sierra Dorpinghouse is all geared up and ready to help with clean up after Friday's storm damaged several animal cagesMore >>
    Storm Clean up is underway at a wildlife rehabilitation center in Thomasville.   Sierra Dorpinghouse is all geared up and ready to help with clean up after Friday's storm damaged several animal cagesMore >>

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.

 

Copyright 2011 WALB.  All rights reserved.   

Powered by WorldNow