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.

Local news

Elizabethton City Council approves new drone, funding amendment for downtown grant

Local news

Murphy USA teams up with Boys & Girls Clubs for ‘Great Futures Fueled Here’ Campaign

Local news

Train Dirty Fitness offers FREE kickboxing and dance classes for women

Arrests

Arrests reported by Carter County Sheriff’s Office include violation of probation, assault against first responder

Local news

Milligan’s juried art exhibition April 14-19

Local news

Elizabethton City Council approves fireworks warehouse resolution on first reading

Community

Senior Center Schedule

Local news

From Central America to Gray Fossil Site, Belizean student wants to become paleontologist

Community

East Side Elementary releases third nine weeks honor roll

Local news

Child struck by lawnmower in Hampton community

Local news

Alcohol prohibited on Tennessee Wildlife Management areas, exceptions apply

Local news

Gov. Lee signs Tennessee Disability and Aging Act into law

Arrests

Elizabethton Police report multiple arrests: public intoxication, driving violations, and theft among charges

Church News

Church Briefs

Local news

The Barricade Boys set to electrify Greeneville with musical extravaganza

Church News

Why did John the Baptist say he was a voice crying in the wilderness?

Local news

Elizabethton Police Department receives accreditation status from TLEA

Local news

DA addresses ongoing problem with domestic violence in Washington County

Arrests

Johnson City Police arrest fugitive wanted for sex crimes against a child

Local news

TDOE promotes 2024 Spring TCAP to support students and families

Church News

Jonah

Local news

Mural work underway on back wall of Hellbenders

Local news

Planning office sees slight bump in permits for March

Local news

Elizabethton Police seek assistance in identifying shoplifting suspect