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Spalding County staff outlines optional commissioner retirement plan; commissioners defer decision until budget season
Summary
Staff presented an ACCG actuarial model for a voluntary retirement stipend for Spalding County commissioners; commissioners asked for more time and budget analysis before deciding.
Spalding County staff presented details on a possible retirement benefit for county commissioners during the Jan. 6 work session and asked the board to decide whether to include the program in upcoming budget planning.
The proposal, based on an actuarial study from ACCG Retirement Services, would mirror a program used by the City of Griffin and calculate a retirement credit as $25 per month for each year of service, with a proposed vesting period of eight years (two terms). Director Miles Neville said…
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