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Athens-Clarke County Deferred Compensation Board approves Plan A to change matching schedule
Summary
The Board unanimously approved Plan A for FY26, updating the employee contribution threshold for full match to 12% (max at 15 years) with an employer full-match contribution of 4%; Aon will refine cost projections and an outside vendor may review the recommendation for the Manager, Mayor & Commission.
The Athens-Clarke County Deferred Compensation Board voted unanimously Feb. 11 to approve Plan A for the FY26 deferred compensation plan design, changing the structure for employer matching contributions.
Commissioner John Culpepper moved to adopt Plan A — which updates the employee contribution required for a full employer match to 12% (with the full match reached at 15 years) and sets the employer contribution for full match at 4% — and Dennis Smillie seconded the motion. All voting members present approved the proposal; one voting member (County Manager Bob Cowell) was absent.
Board members and staff said the change is intended to clarify and standardize the match schedule while Aon, the Board’s consultant, will update its cost projections and provide a revised recommendation at the next scheduled meeting. Vicki Casella, Human Resources Director, advised that recommended design changes to both the pension and deferred compensation plans will likely be reviewed by an outside vendor to inform a holistic funding recommendation for the Manager, Mayor & Commission.
The Board did not adopt any additional plan changes at the meeting. A formal Aon update on projected financial impacts is expected at the next meeting.
The meeting adjourned at 10:57 a.m.
