Split City Pension Board Recommends 5-Year Service Credit Buy-In
Commission to Make Ultimate Decision
Last updated 2/19/2020 at 4:56pm
In a split 3-2 vote the City of Lake Wales General Employee Pension Board agreed Friday Feb. 14 to recommend to the city commission that they allow employees to buy up to five years of service credit for their work for other governmental entities in Florida.
Pension Board Member Sarah Kirkland, the city's utilities director, said she was prepared to vote "no" until Deputy Mayor Robin Gibson made the case that because of politics, especially in small towns, few city managers could ever complete the 10 years' service required to become vested in a defined benefit pension plan. Gibson is the c...