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HomeMy WebLinkAbout2017-08-28 17-305 ORDERTitle, Order CITY COUNCIL ACTION 08/28/2017 17-305 Council Meeting Date: 08/28/2017 Item No: 17-305 Responsible Dept: Human Resources Requested Action: Order Map/Lot: N/A Authorizing the Transfer of $12,000 from the Benefit Reserve Fund Summary This order will authorize the transfer of $12,000 from the Benefit Reserve Fund to the City Solicitor's 401 A plan. After four years as the Assistant City Solicitor, Norm Heitmann was promoted to City Solicitor. During that time the City was transitioning away from Maine PERS and he was required to leave Maine PERS to participate in the City's defined contribution plan (401-A). Because he left the plan early, he lost the employer contribution to Maine PERS which was approximately $12,000. To our knowledge he was the only employee that was required to leave Maine PERS and lose his employer contribution. Additionally, there are a number of other employees who participated in Maine PERS who were subsequently promoted to at will positions and not required to convert to the City's defined contribution plan. In the interest of fairness and equity, this order will authorize the expenditure of $12,000 from the Benefit Reserve to the City Solicitor's defined contribution plan. The $12,000 represents the contributions made to Maine PERS prior to his promotion and which remained with Maine PERS. This item was reviewed in Executive Session on August 14, 2017. Committee Action Committee: Action: Staff Comments & Approvals Meeting Date: For: Against: This item was reviewed by the Council in executive session on August 14, 2017. City Manager Introduced for: Consent zt�l City Solicitor po-q,--- Finance Director CITY OF BANGOR ORDER Date: 08/28/2017 Item No: 17-305 Assigned to Councilor: Weston Authorizing the Transfer of $12,000 from the Benefit Reserve Fund Be it Ordered by the City Council of the City of Bangor that, 08/28/2017 17-305 the Finance Director is hereby authorized to transfer $12,000 as a one-time contribution to the City Solicitor's Defined Contribution Plan (401-A) account from the Benefit Reserve. IN CITY COUNCIL AUGUST 28, 2017 CO 17-305 PASSED CITY CLERK-