RETIREMENT-EMPLOYEE BENEFITS
Motion/Request:
title
Motion to APPROVE a monthly retirement benefit for Sharon Dutra in the amount of $690.12 in the form of a modified cash refund annuity effective February 1, 2024.
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Background:
From the January 23, Special Meeting:
After discussing the Board decided to table the vote until next month. The question arose as to which contract USI used in their calculations for Sharon Dutra's retirement benefit. Ms. Dutra retired in 2011, did USI use the contract effective in 2011 or the current contract for her calculations?
Chairman Rodolico will discuss this concern with USI and the vote will be on next month's agenda (February 20, 2024).
Human Resources Comment/Recommendation:
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Finance Director Comment/Recommendation:
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Mayor Comment/Recommendation:
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