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Bedford County Retirement Board adopts policy on refunds for non‑vested terminated employees
Summary
On June 6 the Bedford County Retirement Board approved minutes from Feb. 2 and adopted a policy standardizing distribution of retirement refunds for employees who leave before vesting; the motion to adopt the policy was moved by Chief Clerk Debra Brown and seconded by Treasurer Melissa Cottle.
The Bedford County Retirement Board on June 6 approved the minutes of Feb. 2, 2024, and adopted a new policy governing distribution of retirement refunds for non‑vested terminated employees.
The meeting was called to order at 11:07 a.m. by Commissioner Mike Stiles. Joy Lepako, the county's human resources director, told the board she wanted a formal policy on how refunds are distributed to employees who terminate service before becoming vested. Debra Brown, Chief Clerk, moved to adopt the policy; Melissa Cottle, Treasurer, seconded the motion and the minutes record that the motion was approved. The minutes do not include a roll‑call vote tally.
Board attendance recorded Commissioners Mike Stiles, Deb Baughman and JR Winck, Treasurer Melissa Cottle, Chief Clerk Debra Brown, Cornerstone consultants Chris Lakatosh and J.P. Cavaliere, and HR Director Joy Lepako. Mike Lamb, Director of Finance, was noted absent.
The minutes do not specify implementation steps or language changes to the plan document; they record only that a policy was proposed by Lepako and that the board approved the motion. The next board meeting was noted as 'to be determined.'
