NewsMarch 14, 2002
Board OKs retirement plan upgrade
MINER, Mo. -- An upgrade in the city employees' LAGERS retirement plan from L3 to L6 was approved by the Board of Aldermen during its regular monthly session Tuesday night. "And I will not veto it," said Mayor Frank Tatum, who had earlier voiced his opposition...By Scott Welton, Standard Democrat
MINER, Mo. -- An upgrade in the city employees' LAGERS retirement plan from L3 to L6 was approved by the Board of Aldermen during its regular monthly session Tuesday night.
"And I will not veto it," said Mayor Frank Tatum, who had earlier voiced his opposition.
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He said it was just his opinion after reviewing the city's finances that Miner can't afford the upgrade.
Janet Tuttle, city clerk, said the upgrade includes a half percent hike but she could not pin down exactly how much more the change would cost.
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