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Pension committee approves allocating 12% of HR director salary to pension fund
Summary
At its July 15 meeting the Pension Committee unanimously approved charging 12% of the HR director's salary to the pension fund to cover pension-administration work previously handled partly by a former HR director and by outside contractors.
The Pension Committee voted unanimously July 15 to allocate 12% of the HR director’s salary to the town pension fund to cover pension-administration work.
The move shifts part of the HR director’s compensation from the town operating budget to the pension plan to reflect time spent processing retirements, answering retiree questions and managing pension paperwork. “We used to put…
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