The last county in Delaware to provide employees with contribution-free pensions has voted to end that practice.
The Sussex County Council on Tuesday approved an ordinance requiring any employee hired after Jan. 1 to pay 3 percent of their salary into a pension fund after they receive their first $6,000 in wages each year, reports the News Journal.
Until now, the county's pension fund was financed through tax revenues and investment gains. Finance director Gina Jennings said the new contribution mandate would take about $1,250 a year from a new employee's wages, according to the newspaper.
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