Retirement plans centralize talks during finance meeting

Among the various discussions during Carter County’s Financial Management Committee meeting Wednesday morning was the issue of retirement plans.

Financial Director Brad Burke spoke about the 457 retirement plans, saying the details on providing them were still a ways off.

“Other counties are behind in getting the information,” Burke said.

Deputy Director Michael Kennedy said they were shooting for a finalized plan in December.

“We are trying to provide more investing options for our employees,” Kennedy said.

He said the 457 plan is similar to a 401k, except the county does not contribute to the fund themselves. The system is normally utilized by county employees in place of a private, 401k company.

Burke said current iterations of the plan pose problems due to a lack of information.

“Seventy percent of the money in the accounts is fixed,” he said. “Therefore, they do not know where their money is.”

Burke said the plan utilizes a mobile phone app customers can use to keep track of their retirement fund, but he said the app has problems as well.

“People tell me the app is no good,” Burke said.

Ultimately, Burke and Kennedy said they are working on providing more options for retirement in order to maximize employees’ options.

Ginger Holdren, a County Commissioner, spoke about the addition of cameras on the outside of school buses and how such a plan would be implemented. Ward said not every bus would have them, but many school buses will have a camera that activates when the driver extends the stop sign, so the driver can catch drivers who do not stop.

“They can help enforce bus laws in order to protect children,” Holdren said.

At the end, the committee approved a rescheduling of future meetings. Instead of taking place on the first Wednesday of every month, they will now take place on the first Monday. The starting time of 8:30 a.m. will not change, however.

SportsPlus

Community

Fish and Chicken Feast Oct. 5 at Boozy Creek

Community

Senior Center Schedule

Local news

Internal review from plastics plant where three died finds ‘there was time to escape’ flood

Local news

Region A.H.E.A.D. activates small business flood recovery grant applications

Local news

Those unemployed due to Helene flooding encouraged to apply for benefits

Community

…Upcoming Events in Elizabethton

Local news

Elizabethton Police seek public’s help in identifying Walmart shoplifting suspect

Local news

FEMA assistance available to Carter, six other counties’ residents

Local news

Update: Hurricane relief center list continues to grow in Carter County

Local news

Disaster Assistance Information

Local news

ETSU Martin Center announces season tickets for 2025 spring Broadway season

Local news

VIDEO: Connie Heaton of River Road shares flood experience

Local news

VIDEO: Journey’s End Road resident asks for boots on the ground

Local news

VIDEO: Volunteers help deliver supplies to Valley Forge, Hampton and Roan Mountain

Church News

Woman rallies to restore Roan Mountain church severely damaged by flooding

Local news

VIDEO: Outreach efforts at Valley Forge Freewill Baptist

Church News

Church Briefs

Local news

VIDEO: Riverbottom Rd looks like ground zero after east TN flood damage

Local news

VIDEO: Flood damage of the old school bus garage on S. Riverside Dr.

Local news

Americano Steak House holds free cookout

Local news

VIDEO: Serena Miller provides update on Loaves to Fishes Ministry

Local news

President Biden approves major disaster declaration for Tennessee

News

VIDEO: Elizabethton flood survivor says ‘The Lord got ahold of the car … and washed me out on dry land’

Arrests

Greeneville man arrested on aggravated assault, protection order violation charges