City retirees want fee returned - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Newswires RSS Get our newsletter
Order Prints
June 8, 2019 Newswires
Share
Share
Post
Email

City retirees want fee returned

Press-Republican (Plattsburgh, NY)

Jun. 8--PLATTSBURGH -- City of Plattsburgh retirees want all their money back from Clinton County, but it might not be so easy.

"We were never notified of any fee," former Retirees Association President Gary Brandstetter told county legislators at Wednesday night's Finance Committee meeting.

"If we had known, we would not have posted it."

Brandstetter was referring to about $207,000 the association was required to post with the county in 2016 as part of a lawsuit against the city regarding a change in health-insurance plans.

The court ordered the retirees to post the money, known as an undertaking, for the county to hold until the lawsuit was settled.

The money was to be used by the city if it had won the suit.

The retirees, however, prevailed against the city, and the undertaking was awarded back to them by the court.

But the the county kept a 2-percent fee, equaling about $4,140.

IRKED BY FEE

The fee has the retirees rankled and wanting it back.

Brandstetter said he was shocked to find out about the fee when he went to collect the $207,000.

"It seems like $4,000 for the county to deposit a check and write a new check a year and half later is a lot," he said.

County Treasurer Kimberly Davis said the law requires the county to take the 2 percent fee, and she defended her office.

"I don't appreciate the accusatory tone that we were unethical," she said.

Davis told the retirees in attendance at the Finance Committee meeting that their attorney should have told them about the fee.

"I understand your frustration, but it is the duty of your attorney to inform you of the fees," she said.

"That's why you hired them."

JUDGE'S DECISION

Davis said the county does not have the authority to rescind the fee; that must come from a judge.

In his ruling, Supreme Court Judge Robert Muller ordered the retirees be returned the amount of $207,019.20.

The ruling made no mention of the 2-percent fee.

The county deals with such cases frequently, Deputy County Treasurer Greg Bell said, and unless the judge specifically orders the fee to be rescinded, the county keeps the 2 percent, as required by law.

Legislator Mark Dame (R-Area 8, City and Town of Plattsburgh) said the county should give the retirees their money back.

"The legislature is the policy body of this county, and we have a chance to right a wrong," he said.

"Just because something has been done for years doesn't mean it is right."

RESOLUTION

Dame said he would offer a resolution for legislators to vote on whether to refund the money.

Legislature Chairman Harry McManus (D-Area 1, Champlain) said he wanted to hold off on any resolutions until County Attorney Jacqueline Kelleher can look into the matter to see if the county can legally give the retirees the money.

Legislator Mark Henry (R-Area 3, Chazy) agreed with Dame.

"I hope we can find a way to solve this in favor of the retirees," he said.

Email Joe LoTemplio:

[email protected]

Twitter: @jlotemplio

___

(c)2019 the Press-Republican (Plattsburgh, N.Y.)

Visit the Press-Republican (Plattsburgh, N.Y.) at pressrepublican.com

Distributed by Tribune Content Agency, LLC.

Older

Indiana State Sen. Zay: State Legislators and Employers’ Forum of Indiana Discuss Rising Health Care Costs

Newer

AP FACT CHECK: Trump and the credit and blame game

Advisor News

  • Advisors await SEC decision on Vanguard fair fund distribution
  • What to do when adult children become the client
  • Judge rules insurers not liable for Newport Group’s AME Church pension lawsuit
  • Why vacation homes are becoming a major blind spot for advisors
  • The rise of the ‘gray divorce’ insurance client
More Advisor News

Annuity News

  • Best’s Market Segment Report: Global Life/Annuity Reinsurers Remained Poised for Steady Growth
  • When technology becomes easy to rent, what still separates life and annuity carriers?
  • Legacy Marketing Group® and Malibu Life USA Announce Distribution Partnership for New Fixed Indexed Annuity Platform
  • Empower Annuity Insurance Company of America Trademark Application for “EMPOWER WHAT’S NEXT” Filed: Empower Annuity Insurance Company of America
  • Industry pushes back on linking ‘financial strength’ to annuity illustrations
More Annuity News

Health/Employee Benefits News

  • THE VILLAGES HEALTH SYSTEM LLC AGREES TO $541.5M SETTLEMENT TO RESOLVE FALSE CLAIMS ACT ALLEGATIONS
  • States try new tactics to bring down high hospital prices
  • Study Data from University of Minnesota Update Knowledge of Public Health (The Effects of Financial Structures To Increase Social Drivers of Health Investments In Medicaid: a Simulation Approach): Health and Medicine – Public Health
  • New Mycoplasma pneumoniae Study Findings Have Been Reported from Seoul National University (Changes in Pediatric Tetracycline Prescribing Patterns During the 2024 Mycoplasma pneumoniae Pneumonia Epidemic in the Republic of Korea): Gram-Negative Bacteria – Mycoplasma pneumoniae
  • Findings from Tianyi Wang and Co-Researchers Advance Knowledge in Personalized Medicine (Payer coverage principles for precision medicine biomarker testing in oncology): Drugs and Therapies – Personalized Medicine
Sponsor
More Health/Employee Benefits News

Life Insurance News

  • AM Best Affirms Credit Ratings of Life Insurance Company Centras Life JSC
  • AM Best Withdraws Credit Ratings of New Providence Life Insurance Company
  • When technology becomes easy to rent, what still separates life and annuity carriers?
  • St. Paul & Minnesota Foundation invests $15M to help revive downtown St. Paul
  • Legacy Marketing Group® and Malibu Life USA Announce Distribution Partnership for New Fixed Indexed Annuity Platform
More Life Insurance News

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Press Releases

  • Classic Car Insurer OpenRoad Insurance Expands to 40 U.S. States in Two Years
  • How Aspire General Turned an Early Technology Bet Into Claims Automation at Scale with Kyber
  • Adjusto launches AI-Native contents claims services powered by its technology platform
  • URL Insurance Group Celebrates 40 Years of Service, Growth, and Industry Leadership
  • MassMutual Ascend Surpasses $2 Billion in Lifetime Advisory Annuity Sales, Reflecting Continued Momentum in RIA Channel
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.
Insurance News | InsuranceNewsNet