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  February 1, 2010 

FREQUENTLY ASKED QUESTIONS REGARDING PROPOSED


RETIREMENT INCENTIVE OPTIONS
THESE FAQs ARE FOR INFORMATIONAL PURPOSES; THEY ARE NOT
BINDING. THE TERMS AND CONDITIONS OF RETIREMENT UNDER THE
DEKALB COUNTY PENSION PLAN ARE GOVERNED BY THE DEKALB
COUNTY PENSION CODE.

Q(1): Have any retirement incentives been finalized and officially approved?
A: No. Further action by the Board of Commissioners and other legal steps will
be required to make the proposed retirement incentives final. The proposed
retirement incentives are still subject to change or elimination.

Q(2): Will I be offered a retirement incentive if I am under the age of 50?


A: Under the current proposal, if you will be under age 50 on May 31, 2010,
you will be offered a retirement incentive only if you are a current DeKalb
employee who will have at least 25 years of credited pension service under the
DeKalb County Pension Code by May 31, 2010. Current DeKalb employees
under the age of 50 with at least 25 years of credited pension service by May 31,
2010 will be offered the “Early-Out Incentive” (discussed below), if it is finalized.

Q(3): If I am eligible for and elect the “Early-Out Incentive,” how would it benefit
me?
A: Under the current proposal, you would be allowed to retire on May 31, 2010
with no early retirement penalty.

Q(4): Will I be offered a retirement incentive if I am age 50 or over?


A: Under the current proposal, if you will be 50 years of age or older on May
31, 2010, you will be offered a retirement incentive only if you are a current
DeKalb employee who will have at least eight years of credited pension service
under the DeKalb County Pension Code by May 31, 2010. Current DeKalb
employees age 50 or over with at least eight years of credited pension service by

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May 31, 2010 will be offered the “Retirement-Plus Incentive” (discussed below), if
it is finalized.

Q(5): If I am eligible for and elect the “Retirement-Plus Incentive,” how would it
benefit me?
A: Under the current proposal, the Retirement-Plus Incentive has four
beneficial components:
1. Removal of any early retirement penalty that might apply;
2. Addition of two years of credited pension service, except that the two
years could not raise your total years of credited pension service
above 30;
3. An opportunity to take 10% or 25% of the present value of your
monthly retirement benefit as a lump sum (and reduce your remaining
monthly retirement benefit appropriately); and
4. Payment of a special retirement benefit that equals the value of your
accrued unused annual leave, up to 60 days, plus one of the following,
whichever is greater: half the value of your accrued unused annual
leave (up to 60 days) or the value of 25 days of annual leave at your
final rate of pay. This special retirement benefit would be paid
instead of the normal annual leave payout.

Q(6): Will I be eligible to receive a retirement incentive if I stop working for


DeKalb County before May 31, 2010?
A: No. Under the current proposal, you would need to be employed with
DeKalb County through May 30, 2010 (in addition to meeting other eligibility
criteria and requirements) to be eligible for a retirement incentive.

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  February 1, 2010 

Q(7): If I become eligible for and accept a retirement incentive, when will I be
required to retire?
A: Under the current proposal, you would be required to elect a retirement date
of May 31, 2010 and retire effective that date, unless the Chief Executive Officer
(or another elected official to whom you report, if applicable) asks you to defer
your retirement to a date between May 31, 2010 and August 31, 2010 and you
agree to accept the proposed deferred retirement date.

Q(8): Will employees of DeKalb County elected constitutional officers be eligible


for retirement incentives?
A: Yes, any current employee participant in the DeKalb County Pension Plan
(who has DeKalb County Pension contributions deducted from his/her paychecks)
who meets the eligibility criteria and other requirements would be eligible for a
retirement incentive, if they are finalized.

Q(9): If retirement incentives are finalized and I am eligible for one, how will I
receive information about it?
A: Information (including but not limited to an estimate of your pension
benefit) would be mailed to you at your home after retirement incentives are
finalized. Keep in mind that all employees are responsible for keeping DeKalb
County advised of their current mailing addresses. If you are not sure that the
County has your current mailing address, please send your updated mailing address
to your Payroll Coordinator as soon as possible. Your pay stub shows the latest
address information the County has on you.

Q(10): If retirement incentives are finalized and I am eligible for one, when and
how would I apply?
A: You would need to submit a fully completed and signed 2010 Retirement
Incentive Application and Waiver/Release to the Finance Director between March
2, 2010 and April 16, 2010. This form will be included in the package described in
the previous answer.

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Q(11): Are there any other requirements I would need to meet to receive a
retirement incentive?
A: Yes, you would need to sign the Waiver/Release (that would be provided
with the 2010 Retirement Incentive Application) and not revoke it during the
seven-day revocation period after signing.

Q(12): Can my Department Director or another supervisor require me to retire in


connection with the Early-Out Incentive or Retirement-Plus Incentive, if I am
eligible for one of them?
A: No. Retirement incentives are voluntary and no eligible employee will be
required to retire in connection with these incentives.

Q(13): As a participant in one of the State pension plans, can I be eligible for the
Early-Out Incentive or the Retirement-Plus Incentive?
A: No. Those incentives, if finalized, will be available only to eligible current
employee participants in the DeKalb County Pension Plan (who have DeKalb
County Pension contributions deducted from their paychecks).

Q(14): Will former employees of DeKalb County with sufficient age and service
be eligible for the Early-Out Incentive or the Retirement-Plus Incentive?
A: No, those incentives, if finalized, will be available only to eligible current
DeKalb employees who continue working for DeKalb through May 30, 2010.

Q(15): Are the answers in this Q and A the final word on retirement incentive
options?
A: No. These answers are for informational purposes only and are not binding
on DeKalb County or its Pension Plan. At all times, the terms and conditions of
any retirement incentives will be governed by the DeKalb County Pension Code.

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Q(16): Where can I get more information about the proposed retirement
incentives?
A: If you are eligible for either of the retirement incentive programs, you should
receive an information package in the mail by March 2, 2010. After reviewing this
information, you may call the information number included in your packet if you
have further questions.

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  February 1, 2010 

GENERAL QUESTIONS AND ANSWERS ABOUT PENSION ISSUES


Q(1): What is an early retirement penalty?
A: Under the Pension Code (as it currently exists without retirement
incentives), an employee hired before September 1, 2005 1 who takes "early
retirement" receives a retirement benefit that is reduced by 1/8% for each month by
which his/her early retirement date precedes his/her normal retirement date, unless
the employee has 30 or more years of credited pension service at retirement.

Q(2): Is it possible that I could have credited pension service that is greater than
the time period I have worked for DeKalb County?
A: Yes, because a portion of your unused accrued sick leave is counted toward
your credited pension service, as described below:
For a regular employee (who works an eight-hour day):
172 hours accrued unused sick leave = 1 month credited pension service
For an employee (such as some Sheriff employees) who works an 8.5-hour day:
182.75 hours accrued unused sick leave = 1 month credited pension service
For a Fire/Rescue employee deemed to work a 10.75-hour day:
231.125 hours of accrued unused sick leave = 1 month credited pension
service
Credited pension service based on accrued unused sick leave is rounded down to a
full month. For example, a regular employee with 200 hours or 300 hours of
accrued unused sick leave would receive only one full month of credited pension
service from accrued unused sick leave. A regular employee with 400 hours of
accrued unused sick leave would receive two full months of credited pension
service from unused sick leave.
                                                            
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 Employees who became participants in the DeKalb County Pension Plan on or after September 1, 2005 (or who 
are treated as such under the Pension Code) are subject to different terms and conditions under the DeKalb 
County Pension Code from employees who were hired on earlier dates.   This list of questions and answers is not 
designed to provide information about pension rights, terms, or conditions of employees who became participants 
in the DeKalb County Pension Plan on or after September 1, 2005.   

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  February 1, 2010 

Q(3): Am I prohibited from retiring between now and May 31, 2010, if I am
eligible for early, normal or delayed retirement under the DeKalb County Pension
Code?
A: No. You may retire between now and May 31, 2010 if eligible under
existing terms and conditions of the DeKalb County Pension Code. However,
employees who retire before May 31, 2010 will not receive the Early-Out Incentive
or the Retirement-Plus Incentive and will be subject to an early retirement penalty
if the normal retirement date has not been reached, unless they have 30 years of
credited pension service.

Q(4): What happens if I am rehired by DeKalb after I retire?


A: If you return to work with the County (for more than a few days a year) after
you retire from DeKalb, your pension payments would be suspended during that
employment. Your benefit would be recalculated in accordance with the Pension
Code when you retire again.

Q(5): Can I work for another employer and still receive my County pension?
A: Yes, you are able to work for another employer while receiving DeKalb
County pension, so long as DeKalb County does not fund any or all of your salary.

THESE FAQs ARE FOR INFORMATIONAL PURPOSES; THEY ARE NOT


BINDING. THE TERMS AND CONDITIONS OF RETIREMENT UNDER THE
DEKALB COUNTY PENSION PLAN ARE GOVERNED BY THE DEKALB
COUNTY PENSION CODE, NOT BY THESE QUESTIONS AND ANSWERS.

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