2001-10-17 CC - Laserfiche WebLink

Home Browse Search

PEBSCO: We did locate the original contract with PEBSCO at city hall. We also have located the original resolution for 1996. Teresa Bender: Teresa did investigate the pay stubs of any employee receiving the "deferred comp cash benefit" as well as depositing monies from their wages to the deferred comp program. Monies deposited from wages show up on the employees check stub. These monies do have FICA deducted from them. These monies do show up on payroll reports. Deferred compensation cash benefit does not show up on the employees check stub, therefore they are not included on the W2. These monies do not have FICA taken out of them. These monies apparently do show up on payroll reports. The two current union employees are both receiving health insurance benefits from the city and do not receive any "deferred compensation cash benefit" at this time. At least one of these employees makes deposits to deferred compensation through the payroll system. This benefit apparently was not offered to all employees. While speaking with a former employee of the city it appears this benefit was not offered to all employees when hired. Per this former employee it wasn't until she questioned Jim regarding her receiving such cash benefit before it was offered. Conclusion: After speaking with the above individuals I personally believe we should move forward with the gathering of the necessary information for the auditor. In my opinion by the time Kim starts working on October 22,2001 we should have some idea as to where we are at regarding the auditors findings. Kim would be able to update the council and work with the auditor and any of the above named firms and individuals to rectifY this issue for the city with the IRS, State of Minnesota, PEBSCO and State of Minnesota Deferred Compensation Program. We as a council will need to address how we are going to work with the Union and the employees to come to some conclusion on how to proceed forward regarding this benefit.