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Commissioners review adding Roth conversion option to county 457(b) plan
Summary
Staff recommended amending Oconee County's 457(b) retirement plan to permit an in-plan Roth conversion, saying the change would give employees an additional investment option "with no additional cost to the county," and the item was slated for placement on the consent agenda.
County staff asked the board Jan. 27 to amend the Oconee County 457(b) deferred compensation plan to allow employees the option to convert pretax 457(b) amounts to Roth 457 accounts.
Justin recommended the plan amendment, saying the plan administrator (ACCG) already supports a Roth pretax conversion and the proposed resolution would simply add the option for employees. "There is no additional cost to the county, or administrative issues," Justin said, adding that the change gives employees an additional opportunity to select the investment and tax treatment that best fits their circumstances.
Board members asked no substantive questions; staff indicated the amendment could be included on the consent agenda for formal adoption.
Context: In-plan Roth conversions move pretax retirement savings into after-tax Roth accounts, changing the tax treatment of future withdrawals; staff framed the change as an employee option, not a county-sponsored match or new benefit entitlement.
Next steps: If placed on the consent agenda and approved, the plan amendment would be adopted by resolution and administered through the county's retirement plan administrator.
