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Pension Plan


Douglas County provides a Defined Benefit Pension Plan.  The Retirement Plan was established January 1, 1963. This is a mandatory pension plan in that everyone eligible for benefits will contribute 8.5% of their gross pay beginning with their first paycheck. The County matches the employee's contribution of 8.5%. By law, the County cannot contribute more than the employee contributes. The contributions are invested with several investment managers and overseen by an investment adviser, an asset consulting group, the Pension Committee, and the County Board.

An employee becomes partially vested after 5 years of full-time employment and is fully vested after 10 years of full-time service. For more information about the Pension Plan go to the Douglas County Pension Website.


 The provisions of this information are not intended and do not create an express or implied contract of employment or an offer of employment between the County and its employees nor any guarantee or promise that benefits referenced here are permanent or cannot be changed. While retirees and current employees are offered the opportunity to participate in a subsidized medical insurance program until age 65, the ability to participate as well as the premiums are not guaranteed in the future and are subject, at any time, to change by the County Board of Commissioners. If there is any conflict in the information stated or otherwise communicated, the plan provisions prevail. Please contact Human Resources with any questions.

 


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