PORTERDALE -- The city's full-time employees will be able to enroll in a retirement plan following a decision by the City Council on Monday night.
The council unanimously approved a resolution establishing an employee retirement plan, with the U.S. Conference of Mayors acting as plan administrator. The USCM, a nonpartisan organization of cities, partners with Nationwide Retirement Solutions to serve more than 4,000 cities and more than 325,000 plan participants.
City Manager Bob Thomson said there will be no administrative costs to the city to participate in the plan. Enrollment will begin in March. Employees with five years or more tenure with the city will be vested in the program.
The city will contribute $100 per employee per month to the plan, or $14,600 a year for employees in administrative, judicial, public safety and public works departments. Retirement expenses for employees in the water and sewer and sanitation departments are budgeted separately under those funds.
In other action, the City Council gave the OK for Mayor Bobby Hamby to proceed with plans to acquire an old railroad boxcar for use as a public restroom facility at the town's historic depot. Hamby said he had received an e-mail from Norfolk Southern railroad agreeing to donate the boxcar. Now, Hamby said, the city will need to work out the logistics of when the boxcar will be delivered and how. There are no longer any rail lines in Porterdale. The city will also need to determine how to lay some tracks on which the boxcar will be placed.
Former state Sen. John Douglas attended the first portion of the council's meeting Monday to thank elected officials for their support and cooperation during his tenure at the state Capitol.
"It has been an honor to work with you," Douglas told the council, adding that they perhaps might have the opportunity again, "if the right door opens."
Douglas did not seek re-election to the District 17 Senate seat in 2010. He was unsuccessful in a bid for a seat on the Public Service Commission.