Cherokee looks to increase retirement vesting period

Pension plan double-dipping is prompting the Cherokee Tribal Council to consider tripling the number of years required to draw from the tribe’s retirement plan from five to 15.

Supporters of the resolution, introduced during an Aug. 2 meeting, said that passing it would save the tribe money, allow for a more engaged labor force and give young Cherokee people with a solid education but little experience a better chance at finding a job at home.

https://www.smokymountainnews.com/news/item/25340-cherokee-looks-to-increase-retirement-vesting-period