County to eliminate retirement plan match
Mesa County will stop providing matches to one of its employees’ two retirement plans next year, marking another benefit reduction in the wake of lagging revenues.
Commissioners agreed Monday to eliminate the county’s contributions to employees’ deferred compensation plans, a move that should save the county nearly $700,000 in 2011.
“We’re continuing to find any savings we can that don’t negatively impact services to people in the community,” county spokeswoman Jessica Peterson said. “Obviously, after last year’s significant internal cuts, it’s becoming more difficult to prevent those service impacts, but we’re really looking at every option to find savings that don’t affect citizens.”
Currently, the county matches up to a 1 percent contribution from employees with fewer than five years of service, up to 2 percent from employees with six to 10 years of service and up to 3 percent from employees with more than 10 years of service.
The county’s 3 percent match to employees’ 401(a) retirement accounts, which are separate from their deferred compensation plans, will remain intact next year.
In other business, commissioners agreed to purchase $105,625 worth of gravel from M.A. Concrete for the new public works facility on Coffman Road.