The Adams County Board of Retirement approved an amendment effective Jan. 1, 2018, to the retirement plan to change the vesting period from 10 years to five years for active Tier 3 participants (employees hired in covered employment on or after Jan. 1, 2010). Effective Jan. 1, 2018, Tier 3 participants who have completed five or more years of continuous service and earned service on or after Jan. 1, 2018, will vest in the retirement benefit.
“This enhanced benefit for our employees is the result of deliberative process between our Board of Commissioners and the Retirement Board,” said Commissioner Eva Henry. “We’re proud to have found a way to balance the strength of the retirement plan while keeping the county competitive in a tight job market.”
“It’s exciting to see something that one side could not have done without the other come to fruition,” said Sheriff’s Office employee and Retirement Board member Marc Osborne.
The Adams County Retirement Plan provides comprehensive retirement, death and disability benefits for participants who are in covered employment. The Adams County Retirement Plan serves approximately 2,044 active employees and 992 retirees. The plan currently has two employers: Adams County and Rangeview Library District.