Thursday, March 22, 2012

Pension costs to jump, Lobetti retires

Never understood why most of the local media ignores the pension board meetings. Probably don't understand it. Or maybe they can't get a pretty picture to go with it. Or something. This is good stuff. Seriously.

The pension board meets Monday morning. There's a couple items of interest. The board will talk about the county's expected levels of contributions this year for the three pension plans (two of which are closed).

Back in late January, I wrote a story about the expected increases. Click right smack here for that bad boy.

Here are some more solid figures:

  • In the current year, the county contributed $4.1 million to cover the Uniformed Officer's Pension Plan, or UOPP. This doesn't count costs toward paying off bonds. In the upcoming fiscal year, which starts July 1,, it's expected to be $4.6 million.
  • The county this year contributed $1.5 million to a closed defined benefit plan for general employees (it closed in the early 1990s when they went on the asset accumulation plan, which is like a 401(k)). For this upcoming year, the board is asking the county to ante up almost $2.4 million.
  • The county this year also chipped in a little more than $1 million for the “Old School” plan (this doesn't count bond payments, too). The board is asking for almost $1.2 million for the upcoming year.

Altogether, we're talking about an increase of $1.6 million.

In the meantime, a couple of folks in the Sheriff's Office are retiring effective April 1 (although I think they've already left).

First up is Dorothy Pinkston, the wife of former hellraisin' county Commissioner Paul Pinkston, the sharpest dresser on the commission and at one point an arch enemy of a certain former mayor. Dorothy worked for the county for more than 22 years. And no, she is not on the Sheriff's Office pension plan.

Next is Mose Lobetti, local political super spy, card player (or so the rumors go) and bailiff (when he's not a super spy). He is on the pension plan and worked for the county for more than 30 years. Actually, more like 3,000 years. Heh.

The board will talk about some other stuff, too, including its annual luncheon for county retirees and the charter review committee.

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