Dyer municipal employees get pay boost

2012-11-11T19:45:00Z 2012-11-11T20:33:04Z Dyer municipal employees get pay boostMary Wilds Times Correspondent nwitimes.com
November 11, 2012 7:45 pm  • 

DYER | Town employees will see a boost in their take-home pay in 2013, thanks to a measure passed by the Dyer Town Council.

The council unanimously voted last week to fund the bi-weekly contributions employees make to the Public Employees Retirement Fund with town money.

Council President Debbie Astor noted before action was taken that the clerk-treasurer’s office previously stated that funds are available to support paying for contributions.

PERF rules require that 3 percent of an employee’s salary be withheld each pay period and deposited in a PERF account. These contributions will be paid by the town beginning in 2013.

Footing the bill for employee PERF contributions will cost the town $133,500 next year.

PERF is the pension plan for Indiana public employees. Employees must fit one of three criteria to collect a pension from PERF: they must be 60 years old with 15 years of creditable service in PERF; 65 years old with 10 years in PERF; or be covered by what is called the rule of 85. The rule of 85 specifies that your age plus the number of years in PERF equal 85.

The issue of a possible salary increase was taken up by the council after it approved an ordinance which increases the minimum pension for police officers by $4,716 to $31,949 annually.

The town will pay an additional $48,318 for the increase, with current police officers paying $283 more per year in contributions.

Prior to the final vote, Councilman Jeff Dekker said that a standard salary increase would have cost the town more and left the employees with less.

For example, a $100 salary increase would cost the town $125 once FICA was factored in, and the employee would end up taking home $75 after taxes.

Copyright 2014 nwitimes.com. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

About Dyer

Town of Dyer

One Town Square Dyer, IN 46311
219.865.4233 (Fax)

Police Department

2150 Hart Street Dyer, IN 46311
Non-emergency 219.865.1163

Fire Department

2150 Hart Street Dyer, IN 46311
Non-emergency 219.865.4215

Parks and Recreation

One Town Square Dyer, IN 46311
219.865.4233 (Fax)

Lake Central School Corporation

Kay Trapp Administration Center
8260 Wicker Avenue
St. John, Indiana 46373
Phone: 219.365.8507

Featured Businesses