Item Coversheet

ROWAN COUNTY
A COUNTY COMMITTED TO EXCELLENCE

130 West Innes Street - Salisbury, NC 28144
TELEPHONE: 704-216-8180 * FAX: 704-216-8195

 

MEMO TO COMMISSIONERS:

FROM:
Anna Bumgarner, Finance Director
DATE:
01/17/2023
SUBJECT:
Contribution-based Benefit Cap

Consent Agenda item P on the December 5, 2022 meeting explained that the County receives notification known as "pension spiking".  In that agenda item it was stated that the Board of Commissioners would be notified when the list received from the State changed. 

 

The attached letter is only showing that one current employee being effected by this rule.

 

I will continue to notify the Board only of changes to this list.



No action required.