The Board of Supervisors voted to adopt changes to the retirement plans for new employee hires, changes that include a new retirement tier and a reduction in cost-of-living adjustment increases for all non-safety employees. The cost-of-living adjustment will decrease from 3 percent to 2 percent. The savings will be $219,000 for this coming fiscal year and are expected to grow to more than $4 million a year by 2021. The new plans will kick in for every employee hired after June 25.
Changes Made to New County Employee Retirement Plans
Thu May 17, 2012 | 12:00am
Sun Dec 14, 2025 | 02:11am
https://www.independent.com/2012/05/17/changes-made-new-county-employee-retirement-plans/
