Dougherty County leaders simplify retirement plan statements - WALB.com, South Georgia News, Weather, Sports

Dougherty County leaders simplify retirement plan statements

County Commissioners at Monday's meeting County Commissioners at Monday's meeting
Denver Hooten, Dougherty County Tax Director Denver Hooten, Dougherty County Tax Director
Government Center on Pine Avenue, downtown Albany Government Center on Pine Avenue, downtown Albany
Denver Hooten, Dougherty County Tax Director, addressing commissioner at Monday's meeting Denver Hooten, Dougherty County Tax Director, addressing commissioner at Monday's meeting
ALBANY, GA (WALB) -

Dougherty County leaders hope to simplify the language used in employee retirement plans, which they said are doing well.

Monday, commissioners unanimously approved $5,000 to prepare statements that help explain what employees should expect once they retire.

They said the county's defined benefits plan has grown over the last few years and outperformed 401-K investment options offered by other companies.

"A lot of companies have gone to 401-Ks, contributory type plans, in which you have to depend on the investments when you retire and at what level they are. With a defined benefit plan such as we have, you know what your retirement payment is going to be," said Denver Hooten, Dougherty County Tax Director.

Hooten said wise investments and planning helped get the county's benefits to where they are. She said the county has seen more than 8% annual growth in the benefits.

Copyright 2013 WALB.  All rights reserved.  

  • More WALB News10 HeadlinesMore News HeadlinesMore>>

  • Dougherty Co. investigates dead body found in alley on W. Third Ave.

    Dougherty Co. investigates dead body found in alley on W. Third Ave.

    Sunday, June 24 2018 2:15 PM EDT2018-06-24 18:15:01 GMT
    Dougherty County Coroner found a dead body on the 500 block of West Third Avenue. (Source: WALB)Dougherty County Coroner found a dead body on the 500 block of West Third Avenue. (Source: WALB)

    According to Dougherty County Coroner, Michael Fowler, a body has been found over on the 500 block of West Third Avenue in Albany.  

    More >>

    According to Dougherty County Coroner, Michael Fowler, a body has been found over on the 500 block of West Third Avenue in Albany.  

    More >>
  • Lee Co., Dougherty Co. responds to accident on U.S. 19 and Ledo Rd.

    Lee Co., Dougherty Co. responds to accident on U.S. 19 and Ledo Rd.

    Sunday, June 24 2018 12:25 PM EDT2018-06-24 16:25:23 GMT
    A car wreck happened on U.S. 19 and Ledo Road on Sunday morning. (Source: WALB)A car wreck happened on U.S. 19 and Ledo Road on Sunday morning. (Source: WALB)
    A car wreck happened on U.S. 19 and Ledo Road on Sunday morning. (Source: WALB)A car wreck happened on U.S. 19 and Ledo Road on Sunday morning. (Source: WALB)

    Lee County Sheriff's Office, Fire, and EMS along with Dougherty County EMS responded to an accident on the intersection of U.S. 19 and Ledo Road Sunday morning.

    More >>

    Lee County Sheriff's Office, Fire, and EMS along with Dougherty County EMS responded to an accident on the intersection of U.S. 19 and Ledo Road Sunday morning.

    More >>
  • Sanitary sewer extension could come to Shadowlawn area

    Sanitary sewer extension could come to Shadowlawn area

    Sunday, June 24 2018 11:30 AM EDT2018-06-24 15:30:37 GMT

    Community members from the Shadowlawn area met with city leaders to talk about a new sanitary sewer expansion plan.  The expansion plan would extend North on West Gordon Avenue, to South on Shadow-Lawn Drive, then east on West-town Road to the railroad tracks off of West Waddell Avenue.  City leaders said this project is long overdue for the homeowners in this area.  

    More >>

    Community members from the Shadowlawn area met with city leaders to talk about a new sanitary sewer expansion plan.  The expansion plan would extend North on West Gordon Avenue, to South on Shadow-Lawn Drive, then east on West-town Road to the railroad tracks off of West Waddell Avenue.  City leaders said this project is long overdue for the homeowners in this area.  

    More >>
Powered by Frankly