Council OKs police/fire retirement plan [Great Bend Tribune, Kan.]
May 17—Great Bend City Council meeting at a glance:
Here is a quick look at what the
—Approved the sale of remaining lots in the
They had requested to purchase lots 2261, 2320 and 2321 on
—Approved the purchase of a
The department budgeted for a new K-9 vehicle this year, but due to a narrow ordering window, this did not happen, said Police Chief
However, they found a used vehicle available from the KHP that has only been used by one individual, he said. This would become the training/spare vehicle, and the current vehicle used for that purpose being used for the K9.
—Approved the 401a profit-sharing retirement plan for public safety personnel.
—Approved proceeding with the new
—Heard a report from City Administrator
—Approved a cereal malt beverage license requested by
—Approved a tree trimmers license for
—Approved abatements for trash and refuse violations at:
—Approved abatements for faulty weather protection violations at 1423 2lst., McCord Property Mgt. LLC.
—Approved abatements for motor vehicle nuisances at: 1114 Holland St., Stanley and Kreigh; 1318 Frey St., Petra and
Following the recommendation of a mayoral committee, the
However, the approval was not unanimous: Council members
First, City Administrator
—Quarterly, the funds received will be divided by the total base salaries to determine a percentage. Then each employee will receive that percentage of their base salary, divided equally per pay period.
—Only uniformed police and fire personnel would be eligible. Civilian positions within both departments will not be included.—The city will provide long-term disability insurance- through Hartford. Cancer and critical illness coverage will not be provided.
—Employees become fully vested after 10 years. The current system is five.
—If an employee becomes permanently disabled, whether work-related or not, the employee automatically becomes 100% vested.
—There are executive level positions for which the city might hire employees knowing they are not likely to remain long-term. (such as Police Chief
—Employees become eligible for the Profit-sharing Plan the 1st day of the new quarter following their hiring.
—The contribution rate for uniformed police and fire employees will increase from the current 4.5% to 7.15%. This reflects the rate they would have contributed had the city joined KP&F.
—The employer contribution rate will decrease from 9.5% to 8.5%, to match the contribution rate for all other employees.
—All Profit-Sharing funds for an employee who terminates employment before vesting will be returned to the plan's forfeiture fund. Those funds wi!! then be equally redistributed to employees one-time annually.
—Start the new 401 Profit-Sharing Plan
—Start the long-term disability coverage begins
—Start the changes to the existing 401 money purchase plan effective with the
Some disagreement
"I have some objections," Towns said.
First, she saw the employee contribution requirement as potentially being a hardship for staff members, especially as the cost of living continues to rise.
Second, "we are already treating them differently," she said. She appreciates their service and realizes the jobs are dangerous, but said "we may be going overboard."
Towns felt their should be a cap of the city's contribution percentage and should be held closer to that of other city personnel.
"The citizens of
Although only 2,000 residents voted for it, everyone had the chance, he said.
"This isn't final," Mayor
Francis said those on the committee, which included police officers and firefighters, signed off on the plan.
Schmidt named the committee on
The committee included: Schmidt; council members
Background
The council in March rejected two options for bolstering uniformed first responders pensions council members feared were unsustainable using only the sales tax and could lead to property tax hikes. Instead, they opted for using the sales tax money to create an in-house profit-sharing plan for firefighters and police officers.
The tax amounts to .20% and there is no sunset. The estimated revenue comes to
On the table were three options. These included: Switching to
Until the change, the city provided a 401K retirement plan for all employees, including police officers and firefighters, through
Now, the non-uniformed staff members in the
The KP&F was passionately endorsed by emergency personnel. They said it would make the departments more competitive and help eliminate the rapid turnover that plagues both. It also offers a guaranteed pension for retirees, something not addressed by
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