New Waterford to OK Fairfield fire pact
NEW WATERFORD – Village council is expected to pass a new, one-year fire contract with Fairfield Township when is meets at 7 p.m. today, according to Mayor Shane Patrone.
The New Waterford Fire Department provides fire protection to the township and responds based on the distance to the emergencies.
“There are no real boundaries,” Patrone said, adding the contract will be effective from Jan. 1 to Dec. 31, 2014 and will be at a cost of $35,000 a year.
The department had offered the township the option of a four-year contract at $33,000 annually.
Patrone said the fire contract is on the agenda along with an option to village employees to join a deferred compensation plan offered by the state.
Patrone said the plan had never been offered before and will give employees, who already pay into the Public Employees Retirement System (PERS), another avenue to build a retirement fund.
The village will not contribute matching funds to the plan, Patrone said, adding employees can chose to have a percentage of their salary placed into it.
He compared it to a 401K plan which allows for retirement savings, sometimes matched by employers, that is deducted from payroll checks before taxes and limited a maximum, pre-tax yearly contribution, as defined under the Internal Revenue Code 401(k).
“It’s separate from PERS,” Patrone said, “and there is no match from the public, only the employee’s money.”
Council is also expected to discuss and take action on the final appropriations for 2014.
Last year, after all the transfers, the village had about $1.2 million in appropriations.
There are also a number of infrastructure projects that might be discussed including searching for grant money for street, water line and sewer line upgrades.
Council meets at 7 p.m. on the second Tuesday of each month in the community building, 3760 Village Park Drive.