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

County employees may have to contribute to retirement

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.   

  • More WALB News10 HeadlinesMore News HeadlinesMore>>

  • Lee Co. High School graduation moved to Albany Civic Center

    Lee Co. High School graduation moved to Albany Civic Center

    Tuesday, May 22 2018 5:58 PM EDT2018-05-22 21:58:05 GMT
    Albany Civic Center (Source: WALB)Albany Civic Center (Source: WALB)
    Albany Civic Center (Source: WALB)Albany Civic Center (Source: WALB)

    The graduation ceremony for Lee County High School has been moved to the Albany Civic Center. 

    More >>

    The graduation ceremony for Lee County High School has been moved to the Albany Civic Center. 

    More >>
  • Slots open now for Dougherty Co. pre-K summer program

    Slots open now for Dougherty Co. pre-K summer program

    Tuesday, May 22 2018 5:49 PM EDT2018-05-22 21:49:34 GMT
    Dougherty County pre-K leaders said it is accepting applications now for its pre-K Summer Transition Program. (Source: WALB)Dougherty County pre-K leaders said it is accepting applications now for its pre-K Summer Transition Program. (Source: WALB)
    Dougherty County Pre-K leaders said they are accepting applications now for their Pre-K Summer Transition Program. (Source: WALB)Dougherty County Pre-K leaders said they are accepting applications now for their Pre-K Summer Transition Program. (Source: WALB)

    Dougherty County school leaders said they're looking for children to attend their free pre-K enrichment program, and the time to apply is now.  

    More >>

    Dougherty County school leaders said they're looking for children to attend their free pre-K enrichment program, and the time to apply is now.  

    More >>
  • Officials warn about the dangers of leaving kids, pets in cars over the summer

    Officials warn about the dangers of leaving kids, pets in cars over the summer

    Tuesday, May 22 2018 5:43 PM EDT2018-05-22 21:43:25 GMT
    Emergency officials said it's important to not leave kids or pets in cars this summer at all. (Source: WALB)Emergency officials said it's important to not leave kids or pets in cars this summer at all. (Source: WALB)

    As temperatures begin to rise in South Georgia, emergency officials are sending an important message about the dangers of leaving kids and pets in cars. 

    More >>

    As temperatures begin to rise in South Georgia, emergency officials are sending an important message about the dangers of leaving kids and pets in cars. 

    More >>
Powered by Frankly