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Council advances multiple finance items: retirement incentive, firefighter contract and bank depository designations
Summary
The Finance & Personnel committee moved several items to full council: a proposed retirement incentive (up to $30,000 per employee options) to reduce healthcare liabilities, a three‑year firefighter contract with wage reopener clauses, Title 17 municipal income tax updates reflecting HB 96/ORC, and designation of depositories (Chase and Hocking Valley Bank) for active funds.
The Finance & Personnel committee advanced a package of finance items to full council on Feb. 9 after presentations from administration staff.
Retirement incentive: Director Stone outlined a program offering up to $30,000 per eligible employee through one of several options (pretax VBA payments, a taxable cash option, or OPERS service credit buyouts for OPERS‑eligible employees). The administration estimated a maximum…
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