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Board approves transfers after retirement-reporting omission for employee Kevin Hitchcock
Summary
Trustees authorized transfers totaling $20,779 to correct missing retirement reporting for a long-term employee (identified in meeting as Kevin Hitchcock), noting potential interest or penalties and instructing staff to ensure accurate future reporting.
The board approved transfers from the fund balance to cover retirement contributions that were not reported when Kevin Hitchcock was hired. Chair said the village must transfer $20,597 to one retirement account and $182 to the police retirement line to correct the reporting omission and to ensure the employee’s earnings are properly recorded for pension calculations.
Trustees discussed why the omission occurred and asked staff to ensure future hires are reported promptly to avoid similar retroactive bills; members noted that returning retirees and changes to reporting systems make accurate, timely reporting more important. The board carried the transfers by voice vote.
