BOC Adopts Pension Plan Amendment
Notification of pension amendments can be found below if there are any pending. If you have questions, please email pension@cobbcounty.org.
IMPORTANT NOTICE ABOUT YOUR PENSION PLAN
ELEVENTH AMENDMENT ADOPTED BY BOARD OF COMMISSIONERS ON DECEMBER 12, 2023
ANNOUNCEMENT DATE: DECEMBER 12, 2023
Eleventh Amendment Red-Line Document
Summary of the Eleventh Amendment
The purpose of the Eleventh Amendment is to decrease the vesting requirement for Hybrid Participants who are actively employed, first hired on, or rehired after January 1, 2024, from ten (10) to seven (7) years. The amendment does not impact future benefit accruals but reduces the service required to vest in benefit accruals for Hybrid Participants described above. The Eleventh Amendment will be effective January 1, 2024.