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Commission adopts ACCG 457(b) and 401(a) plans and discontinues prior VALIC contributions

Board of Commissioners, Unified Government of Cusseta-Chattahoochee County · December 2, 2025
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Summary

The board approved resolutions adopting ACCG 457(b) and 401(a) retirement plans effective Dec. 1, 2025, discontinuing prior VALIC contributions and permitting participant transfers into the new plans.

At the Dec. 2 meeting the commission adopted resolutions establishing the Association County Commissioners of Georgia (ACCG) 457(b) deferred-compensation plan and a 401(a) defined-contribution plan for county employees, effective Dec. 1, 2025. Commissioners voted to discontinue contributions to the prior VALIC-maintained plans as of Nov. 30, 2025 and allow participants to transfer balances to the new ACCG plans.

Commissioner Jason Frost moved to approve the resolution; the motion was seconded and passed unanimously. The meeting packet includes the adoption agreements and language stating that participants shall be permitted to direct transfers of old-plan balances into the new ACCG plans, subject to the terms of individual contracts and plan documents. County staff indicated the chair and county manager are authorized to execute the required adoption documents.

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