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Commission lowers Corebridge 457 withdrawal age for some sheriff's employees from 70.5 to 59.5
Summary
The board approved an amendment to Corebridge (formerly VALIC) 457 plan documents to change the withdrawal age for affected employees from 70.5 to 59.5 after county staff identified legacy plan provisions affecting sheriff's office employees.
County Manager Lonnie Joyce told the board that some sheriff's office employees remained enrolled in an older retirement plan with a withdrawal age of 70.5. The board considered amending Corebridge 457 plan documents (previously known as VALIC) to change the withdrawal age to 59.5 for those employees. Chairman Brue moved to approve the change, Commissioner Ellington seconded, and the motion passed unanimously.
The transcript attributes the explanation of legacy plan terms to the County Manager; the action updates plan documents administratively to align withdrawal age provisions for affected employees. The record does not list an implementation timeline or the number of employees affected.
