Reports to the Board of Commissioners:
View 2013 Report
View 2012 Report
View 2011 Report
View 2010 Report
View 2009 Report
View 2008 Report
Enhanced Pension Plan effective April 1, 1998
(For vested employees hired prior to January 1, 2010)
Enhanced Pension Plan Retirement Calculator
New Hybrid Defined Benefit/Defined Contribution Plan
(For all employees hired after December 31, 2009, and those non-vested employees who elected this Plan).
457 Deferred Compensation
Contribution limits are determined by the Internal Revenue Service (IRS). The table below shows the retirement plan contribution limitations applicable for 2013.
|Annual Deferral Limit for 457 Plans||$17,500|
|"Pre-Retirement" Catch-Up Limit||$17,500|
|"Age 50" Catch-Up Limit||$5,500|
|401 Defined Contribution Plans - Annual Additions
401 Defined Benefit Plans -Maximum Annual Benefit*
|401 Annual Compensation Limit**(non-grandfather/grandfather)
|Annual Deferral Limit for 401 (k) Plans (402(g))||$17,500|
|401(k)"Age 50" Catch-Up Limit (414(v))||$5,500|
|Maximum Annual Addition||$5,500|
|"Age 50" Catch-Up Limit||$1,000|
*Special limitations apply to defined benefit plans. Please contact your defined benefit plan administrator should you require additional information.
**OBRA 1993 provided a governmental exception for the maximum compensation limit that grandfathers certain employees under the 1993 compensation limit of $235,840. Employees eligible to participate in a governmental plan, utilizing the ICMA-RC plan document, prior to January 1, 1994, are subject to the maximum compensation limit of $235,840 as indexed and shown above as the "grandfather" limit. Employees eligible to participate in a governmental plan, utilizing the ICMA-RC plan document, after January 1, 1994, are subject to the maximum compensation limit of $150,000 as indexed and shown above as "non-grandfather" limit.
ICMA Retirement Corporation: (404) 943-0062 or (800) 669-7400
Human Resources Benefits Division: (770) 528-2548
Forms & Resources
ICMA-RC 457 Deferral Amount Change
ICMA-RC 457 Employee Information Change
ICMA-RC Fund Sheet (Information Only)
ICMA-RC Trustee-to-Trustee Transfer to the ICMA Retirement Corporation Packet
Cobb County offers a Roth IRA administered by ICMA Retirement Corporation. Saving through a Roth IRA allows employees to withdraw earnings on a tax-free basis, assuming certain conditions are met. Employees have access to their principle savings anytime without taxes or early withdrawal penalties.
|Eligible Employees||Full and part time|
|Minimum Contribution||$10 per bi-weekly (post-tax)|
|Maximum Contribution||Per IRS Regulations (currently $5,000 annually)|
|Principal Withdrawal Period||Year-Round|
|Principal and earnings withdrawal age restriction||
Principal can be withdrawn at any time without penalty
To withdraw earnings, must be age 59 1/2 and have a minimum of 5 years in plan
|Group # 705408|
Human Resources Benefits Division: (770) 528-2549
ICMA Retirement Corporation: (770) 287-1327 or (800) 669-7400
Forms & Resources
ICMA-RC Roth IRA Payroll Deduction Authorization
ICMA-RC Roth IRA Application (Start-Up Application)
ICMA-RC Roth IRA Fund Sheet (Information Only)
IRA Withdrawal Form
2014 Board of Trustees Meeting Schedule
The Cobb County Retirement Board of Trustees, hereby designates the following dates of its regular Board meetings for the calendar year 2013. Meetings will be held in the Board of Commissioner's Meeting Room, 3rd Floor, 100 Cherokee Street, Marietta, GA 30090.
Tuesday, January 28, 2014, 8:00 a.m.
Tuesday, May 20, 2014, 8:00 a.m.
Tuesday, June 17, 2014, 8:00 a.m.
Tuesday, August 5, 2014, 7:30 a.m.
Tuesday, September 16, 2014, 8:00 a.m.
Tuesday, November 4, 2014, 8:00 a.m.
Board of Trustees Meeting Minutes
January 28, 2013
May 20, 2013
Jan 30, 2012
May 22, 2012
June 18, 2012
August 7, 2012
September 17, 2012
November 6, 2012
Cobb County Employees Retirement System Asset Allocation Summary (As of 8/3/2012)
Quarterly Retirement Activity Report
Employee Pension Summary Report (Suntrust)
Policies and Documents
Board of Trustees
Board of Trustees Governance Policies
Investment Policy Statement
Cobb County Government Employees Pension Plan Document
First Amendment to the Cobb County Government Employee's Pension Plan
Second Amendment to the Cobb County Government Employee's Pension Plan