Wednesday, March 12, 2003
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Wednesday, March 12, 2003 |
County tweaks employee benefits By JOHN
THOMPSON
Fayette County's government employees will now have a little bit more flexibility when it comes to their money. The County Commission voted unanimously last week to allow employees to take loans against any deferred compensation, such as 401K plans. Human Resources Director Connie Boehnke explained to the board that the policy would allow employees to get a loan against their compensation they had socked away as deferred compensation and pay it back through a payroll deduction. Commission chairman Greg Dunn said he agreed people should have the freedom to manage their money, but wondered when the loan would be considered in default. "Are we talking a day here?" he asked. Dunn said default on the loan would result in serious tax implications for the employee, and Dunn wanted to make sure employees understood the seriousness of taking out a loan. Boehnke told Dunn she would check on the default question and report back to the board. In other actions, the board: Authorized county engineer Ron Salmon to execute a notice of intent to submit the county's stormwater management plan to the EPD. Dunn said the actual plan would probably change several times if recommendations from the regions new water superagency were approved. "There are some things that we won't like," he said. Approved a recommendation from director of purchasing Tim Jones to award a bid to low bidder Nations Fence, Inc. in the amount of $43,416 for fencing at the Water System. Announced the cancellation of tomorrow night's County Commission meeting. The county's staff said there were no agenda items submitted.
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