5/12/1987 - Laserfiche WebLink

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_ M contingencies, and OMB Director Joe Baird advised that it could be done either way. Commissioner Eggert felt she would like the Clerk to find the $2700 within her budget, and pay the approximate balance of $13,000 out of.her personal funds if she wished to participate to that extent. Commissioner Bird asked how long Freda Wright has been a county employee, and Commissioner Wheeler believed it has been somewhere in the area of 42 years. Chairman Scurlock emphasized that we are not talking about Freda's entire retirement period, we are talking about upgrading a specific period, 1977-81. In 1977 the State Retirement Program established an official category for elected public officials, whereby elected officials could contribute 17% of their gross income to the retirement fund,,which is a much higher level than that of general employees. In fact, he believed that only judges and state legislators are at a higher level. Commissioner Wheeler asked if they had the option at that time to participate, and Chairman Scurlock explained that is the option that is being made available, to upgrade that specific 4 -year period. Commissioner Eggert felt that $2700 was a nice amount to set a cap at, and pointed out that Pat Lyons worked as an elected public official for 8 years. Commissioner Bird asked how long Freda has been an elected official, and Chairman Scurlock believed it has been 12 years. Director Baird explained that elected public officials have had the option right along to switch to the program, but they would have had to pay for it themselves. The idea here is that if the Board so authorizes, it can pay half of the contribution for the 1977-81 period. Chairman Scurlock pointed out that the Board did not have the authority in the past to fund the upgrading, but now the law 15 MAY 1'r2 B-101-1