HomeMy WebLinkAboutDocumentation_Pension Public Safety_Tab 19_02/05/2007/ G~.
Memo
To: Public Safety Pension Board, Village of Tequesta
From: Merlene Reid, HR Manager
Date: January 19, 2007
Re: Michael Morrill
The FRS formally advised the Village that Michael Morrill had not properly terminated
his employment with the Village, as he had not severed employment for a full
calendar month (email attached). He was therefore ineligible to join the Village's
Public Safety Pension plan, as he was still a member of the FRS. Based on the
calculations of the Finance department (spread-sheet attached), the board is being
asked to approve:
1. Refund of employer pension contribution to the Village of Tequesta in the
amount of $11580.52.
Merlene Reid
From: Snuggs, Andy [Andy.Snuggs@dms.myflorida.com]
Sent: Tuesday, November 28, 2006 11:06 AM
To: Merlene Reid
Subject: RE: TEQUESTA RETIREES - WHITE, MORRILL & GARLO
Dear Ms. Reid:
This is in reference our phone conversation regarding the three
employees
(Robert Garlo, Michael Morril, and Russell White) of the Village of
Tequesta who commenced receiving Florida Retirement System benefits
without terminating their employment.
To receive retirement benefits under the Florida Retirement System (FRS)
a member must be terminated from all FRS employment for a full calendar
month. If a member returns to work for any FRS employer in any capacity
during the first calendar month of retirement, a member will not be
considered to have retired. The member's application will be voided and
the member must repay all retirement benefits received by the member.
After reviewing the facts of this situation, the Division of Retirement
has determined that these members may enroll in DROP retroactive to
their initial retirement dates. To accomplish this the Division will
require the Village submit a Form DP-ELE for each member. These forms
should be faxed to Doug Cherry at 850-410-2072. In addition the Village
will need to submit monthly payroll adjustments under retirement plan
code DP for each individual. If you have any questions regarding the
submission of these adjustments, please contact the Retirement
Contributions Section at 877-377-1266.
The members will not be required to return any retirement benefits
received through November 30, 2006. Once the members terminate
employment, they will be eligible to commence receiving their FRS
benefits plus any benefits in their DROP accounts. If any of the members
involved in this situation terminate 11/30/2006 and remain off all FRS
employment through December 31, 2006, the members will be eligible to
receive a December retirement check and any benefits in the DROP
account. These members can participate in DROP for up to 60 months form
their initial retirement date.
If you have any questions, please call me at 850-414-7055.
-----Original Message-----
From: Merlene Reid [mailto:mreid@tequesta.org]
Sent: Tuesday, November 07, 2006 2:10 PM
To: Snuggs, Andy
Subject: TEQUESTA RETIREES - WHITE, MORRILL & GARLO
Dear Mr. Snuggs:
It seems that we keep missing each other. I was trying to get an update
on
your division's determination in respect of the above-named employees.
Please advise on any additional information that you have since we last
spoke.
Sincerely,
Merlene Reid
Human Resources Manager
Village of Tequesta
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