What kind of pension plan does the city offer?

Posted by Rachel Mikell on

The City of Kennesaw provides a defined benefit pension for our full-time employees. Participating employees will contribute 4% of pre-taxed dollars from each pay period while the City of Kennesaw matches it with 12%. The benefit will be effective on the first day of employment. If you decide to leave the City of Kennesaw before your 10-year vesting, your contributions will be returned to you with applicable interest. The calculation for retirement eligibility would follow Rule of 80: Age + Years of service = 80. The active employee would also need to be a minimum age of 55. The calculation is based on 2% times years of service.