The Herald Bulletin

Evening Update

Local News

January 21, 2013

Ingalls town officials vote to quit private pension plan

INGALLS, Ind. — After learning that a town pension plan created a decade ago violates state law, town officials here are making amends.

The five-member Town Council voted unanimously last week to quit the private plan and move the money to an authorized state retirement plan.

Two council members — Tim Green and Tim Millikan — said they were upset to learn that the pension violated state law from stories that appeared in The Herald Bulletin.

Green said there was no question the Town Council had to take action.

“It needed to be addressed,” he said. “We have been told we’re doing something illegal .... I don’t think we’re talking about a lot of money, but we’re still violating state law.”

“Everybody across the board was pretty upset about it,” Millikan added.

He called it one of several matters that need to be addressed. “We’re going to take one issue at a time and get everything fixed.”

At issue is a retirement plan known as a Savings Incentive Matching Plan for Employees of Small Employers Individual Retirement Account, or SIMPLE IRA.

Town officials had no authority under state law to create that pension plan, the State Board of Accounts said in several audits of town finances dating back to 2006.

The Board of Accounts reviews the financial statements of all government units in Indiana, including cities, towns, utilities, schools, hospitals and state colleges and universities.

The only pension plans available to cities and towns are the Public Employees’ Retirement Fund, or PERF, and nine other specialized retirement plans, according to the Board of Accounts.

Millikan and Green said one of their concerns is that members of the council weren’t made aware of problems or supplied with copies of the audit.

“I can’t speak to what past boards have done,” said Millikan, who is serving his first term on the council. Millikan said. “All I can do is speak to what I will do.”

Green said the current council “is trying to do a lot of new things and a lot of good things. You have to do your job right and be accountable for what you do.”

Find Stu Hirsch on Facebook and @StuHirsch on Twitter, or call 640-4861.

Text Only
Local News
  • NWS - HB0420 - Ellks - JC 2a Former Elks building being reborn Just months after it closed, the former Anderson Elks Lodge could be reopening as a banquet hall and catering service. The Anderson Plan Commission on Tuesday will consider a rezoning request from James D. Sargent and Nettie Cox to rezone the building from residential to industrial use.

    April 19, 2014 1 Photo

  • NWS - HB0420 - egg drop - 30.jpg Helicopter aids in Easter egg drop

    Four months of planning was gone in about one minute on the Lapel football field Saturday as The River Church held its third annual Easter egg drop. Church pastor Tyson Priest found out more than 22,000 plastic eggs don’t last long when hundreds of local children are racing to pick them up as quickly as possible. But he didn’t seem to mind.

    April 19, 2014 1 Photo

  • NWS - HB0420 - Funderburk - 04 Man tries to restore father's tainted legacy When news broke earlier this month that the Anderson Dental Clinic had been shut down and several employees, including owner Sally Metzner, had been arrested, Mark Funderburk's main concern was the patients. "A lot of them kept going there because of my dad even after he passed away," he said. "And they didn't deserve this."

    April 19, 2014 1 Photo

  • NWS - HB0420 - FEMA Kokomo Flooding 03 FEMA’s disaster decisions frustrate state, local leaders FEMA denied the state’s request to declare a “major disaster” after tornadoes swept Indiana last November, despite millions of dollars in damages. The decision prompted protests from Indiana’s Congressional delegation, and it stoked growing frustrations with FEMA, especially in the Midwest.

    April 20, 2014 5 Photos

  • Wagons for Warriors asks for donations

    The Pendleton American Legion post is accepting donations for a project called Wagons for Warriors.

    April 19, 2014

  • Ellspermann, Susan Ellspermann to deliver AU commencement address Indiana Lt. Gov. Susan Ellspermann will address the Anderson University Class of 2014 during commencement exercises on Saturday, May 10.

    April 20, 2014 1 Photo

  • NWS - HB0420 - CATS Buses-09 City to replace CATS fleet With 7-year-old city buses registering 250,000 miles, Anderson is looking to replace its aging transportation fleet.

    April 20, 2014 1 Photo

  • Mounds State Park hosts birding weekend featuring live hawk Mounds State Park will go to the birds April 25-27 as the park hosts “Bird the Mounds.”

    April 19, 2014

  • Tim Kean: Can we have a 'A New State of Mind?' I have recently read some great articles about people coming together to make a difference in the lives of children facing food insecurity. The collective effort of a group can provide some much-needed food to kids who may not have a meal when they return home from school or during the weekend.

    April 19, 2014

  • SPL - PT041014 - Ken de la Bastide column - Ken sig Ken de la Bastide: County may eliminate Data Processing Board

    Action two weeks ago by the Madison County Commissioners to close Data Processing Board meetings to the public might run afoul of the Indiana Open Door law, and a local resident is considering filing a complaint with the Public Access Counselor’s office for a determination.

    April 19, 2014 1 Photo

March Staff Photos

Buy and browse more photos from The Herald Bulletin

More Resources from The Herald Bulletin
Auto Industry Book
Hyperlocal Search
Premier Guide
Find a business

Walking Fingers
Maps, Menus, Store hours, Coupons, and more...
Premier Guide