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Commissioners reviewed amendment to county retirement plan to include employees who transition into elected or appointed roles
Summary
Staff outlined a plan amendment to allow full-time employees who later serve in elected or appointed positions to remain in the county retirement plan; missed employee contributions will be amortized if the amendment is approved.
Human Resources staff and the county's retirement plan attorney presented a proposed amendment to the county retirement plan to clarify eligibility for employees who transition from full-time employment to elected or appointed positions.
County staff said the plan document revised Jan. 1, 2012, previously limited participation to "full-time classified employees," which excluded some elected and appointed officials who had transitioned from county employment. The county's retirement plan attorney, Terri Taylor of Benefits Law Group, reviewed the language and recommended revising the 2012 amendment to allow full-time employees who transition into elected or appointed positions to continue participating in the plan.
Human Resources staff said contributions that were stopped after the error was discovered will be restarted if the commission approves the amendment; missed employee contributions would be collected and amortized over the remainder of the year to avoid a lump-sum repayment.
Commissioners asked for clarification on how missed contributions will be handled and were told the restarted contributions will be amortized over the rest of the year so employees will not face undue hardship. The transcript records presentation and Q&A but does not show a recorded formal vote on the amendment.
