Public employees in the county may soon have a new way to save for retirement, thanks to a proposed update to the existing ACCG (Association County Commissioners of Georgia) Retirement Plan.
Paul Smith, a representative from ACCG Retirement, recently presented the idea to county officials, emphasizing the change would come at no cost to the county or taxpayers.
Currently, employees participate in a defined contribution and deferred compensation plan allowing them to contribute pre-tax dollars to their retirement savings. Under this system, if an employee earns $100 and contributes $10 to the plan, they are taxed on the remaining $90.
PLEASE LOG IN FOR PREMIUM CONTENT. Our website requires visitors to log in to view the best local news.
Not yet a subscriber? Subscribe today!
