Murray County changes contributions to employees’ 401kFeatured, Featured Stories, News, Police & Government June 25, 2020
Murray County’s Sole Commissioner, Greg Hogan, took steps to help employees plan for retirement on Tuesday at a special called meeting.
Hogan signed a resolution and amendment to change the vestment schedule of the county’s 401k retirement plan.
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The amendment allows employees to become vested after three years, instead of five. An employee becomes vested when the county begins to contribute to their plan.
“It was taking five years for employees to become vested in the program,” said Hogan. “This way, they get the county contributing a little bit quicker.”
Hogan said he hopes the move will encourage more employees to sign up for the 401K plan.
In other Murray County, Hogan said the county would stop picking up storm debris from the April tornadoes on June 29, 2020.
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