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Wyoming council approves fire chief employment agreement adding DROP eligibility
Summary
The Wyoming City Council voted Nov. 3 to authorize an employment agreement for Fire Chief Dennis Van Tassel that makes him eligible for a deferred retirement option plan (DROP) for up to three years; an actuarial review cited a negligible fiscal impact (under 0.1%).
The Wyoming City Council on Nov. 3 authorized an employment agreement for Fire Chief Dennis Van Tassel that adds eligibility for a deferred retirement option plan, commonly called DROP, allowing his pension benefits to be frozen while he continues to draw a salary and city-funded pension payments for up to three years.
Council members voted to authorize the city manager to execute the…
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