County notes potential 5% retirement cost increase; staff adjustments factored
Staff told commissioners they are considering a roughly 5% retirement increase that would cost about $350,000 and that most salary/benefit (SOC) adjustments have been applied already; further changes will be discussed at the next meeting.
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Julie told commissioners that, with most SOC adjustments applied, a contemplated 5% retirement increase would raise county retirement costs by about $350,000. "...you indicated to be thinking about the 5% now that everybody has all of their SOC's in. Again, this is a report more for tomorrow, but that's about 350,000 more money that the county would spend on that," Julie said.
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