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Council authorizes roughly $130,000 VRS payment for former clerk's death‑in‑service benefit
Summary
Town Manager reported that VRS denied a payment plan; the Council voted unanimously to pay about $130,000 in death‑in‑service benefits for a former clerk's beneficiaries and accepted VRS enrollment clarifications for salaried and hourly staff.
Town Manager Bryce Simmons informed the Stuart Town Council that the Virginia Retirement System (VRS) requires the Town to pay approximately $130,000 in death‑in‑service benefit liability for the beneficiaries of a former clerk. VRS denied the town's request to roll the liability into a payment plan because the town has no assets in that specific VRS plan.
Simmons also summarized VRS enrollment rules as explained in the correspondence: salaried employees must repay all prior years of service in full to buy back service; hourly employees may buy back previous years but are not required to; transfers from other VRS employers will remain in their original service plan.
Councilor Rebecca Adcock moved that the Town pay the $130,000 liability; Councilor Erica Wade seconded and the motion passed unanimously.
