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Decatur staff gives "Retirement 101" briefing to employees
Summary
Assistant City Manager Theresa Decastro led a Retirement 101 session explaining Decatur’s defined‑benefit pension and optional 457 plan, eligibility rules (rule of 75 for public safety, rule of 80 for general employees), contribution rates, survivor benefit changes and tools employees can use to model retirement scenarios.
Theresa Decastro, assistant city manager over administrative services, presented a Retirement 101 briefing for city employees, summarizing how Decatur’s pension works and what staff should know when planning retirement.
Decastro emphasized that the city’s pension is a defined‑benefit plan — the employer guarantees a fixed monthly payment for life, typically calculated from years of service and salary. Decatur offers two plan groups: the public safety plan governed by a “rule of 75” (normal retirement age often 60, employee contribution 14%) and the general employee plan governed by a “rule of 80” (normal retirement age 65, employee…
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