CANNON COUNTY, TN: Employees of Cannon County government who participate in the state's consolidated retirement program will notice a change in the new fiscal year.
In most accounts, the employer makes a percentage match to the employees' contributions.
Currently, employees of Cannon County government get an 8.55 matching amount. The amount can be subject to change on an annual basis. At the May meeting, Commissioners voted to lower that matching amount 1.94. That amounts to a reduction of approximately 4-times.
The new rate is the minimum accepted by the state.
