TUSCALOOSA COUNTY COMMISSION APPROVES NEW RETIREMENT PLANS
Editor’s Note: This story originally stated that employees who began work before Jan. 1, 2013, can retire after 25 years of service regardless of age. Those employees are already capable of retiring after 25 years. Now, employees hired after Jan. 1, 2013, can also retire after 25 years of service regardless of age.
By WVUA 23 Reporter Ellie Byrd
The Tuscaloosa County Commission has OK’d new retirement plans for county employees.
The switch means employees who began work after Jan. 1, 2013 can retire after 25 years of service regardless of age. Workers will also be able to cash out some of their sick time in retirement, and they will be able to receive a final salary based on their highest three-year salary average over the past 10 years.
Chief Deputy Byron Waid said he’s excited about this new switch in the retirement plans for the county.
“It just shows how important this was to them as soon as they knew this was coming up, they were looking at their future and how this new plan will affect them,” Waid said. “It’s just a testament to how dedicated our employees are and how well they understand what goes on with their retirement system and their benefit packages.”
The city has $3 million currently in the employee retirement plan. The changes will increase employees’ retirement contributions by 1.5%.