Breakdown of disbursements
• Jeffersonville: $62,972.25
• Clarksville: $16,884.71
• Sellersburg: $2,720.55
• Charlestown: $1,911.62
Clark County will receive $84,489.13 for the local police officers’ and firefighters’ pension funds.
State Treasurer Richard Mourdock, secretary-investment manager of the Public Deposit Insurance Fund, is in charge of overseeing how the $13.5 million semi-annual disbursement is divided, according to a news release from the state.
The annual interest earnings from the fund are distributed to Indiana municipalities to help pay pre-1977 police and fire pension liabilities. After 1977, police officers and firefighters were covered by the Public Employee Retirement Fund.
The Jeffersonville Police Department received the largest chunk of money at nearly $63,000. The Clarksville Police Department received nearly $17,000.
“Through careful investing of the (fund), I was pleased to do my part in providing $13.5 million to the Police and Fire Pension Relief Fund,” Mourdock said in the release. “Local municipalities are now receiving their share from the relief fund for their pension commitments to our local police officers and firefighters.”
The fund was created in the 1930s to insure public funds on deposit in Indiana banks in the event of bank failure. At the end of fiscal 2007, the fund had $314.39 million in assets and was deemed large enough to be actuarially sound.
More than $59 million in interest income has been distributed to 129 communities statewide since 2001.
Clark County
Firefighters’ and police officers’ pension fund receives a boost
Clark County agencies receive $84,489
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River Ridge moves forward with development plans
No sale has been finalized on either piece of land, as River Ridge owns the 16-acre parcel, and the adjacent 54-acre tract is owned by Crossdock Development, a Louisville-based company that specializes in developing properties on the order of millions of square feet.
Continued ... - News and Tribune briefs for Feb. 10, 2012
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Town has no cure for ailing medical center
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Dancing
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In the doghouse
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Forum helps Hispanic parents stay involved with education
Angelica Perez, family services adviser for Head Start, said it is important for children to learn English at a young age. She has seen the Hispanic population in Clark County grow and said there is an increased need for English Second Language programs.
Continued ... -
Indiana granted No Child Left Behind waiver
As the deadline approaches, more schools are failing to meet requirements under the law, with nearly half not doing so last year, according to the Center on Education Policy.
Continued ... -
Democrats downsize: Clark County Democrats want to remove five precinct committee people for supporting candidates outside party
DeArk also said he never received a letter that said he may be removed as a precinct committeeman.
Continued ...
“As a matter of practice, I do not accept certified mail,” he said. -
Paying their fair share?
John Gilkey, president of the town council, said when Knott initially shared the information with him a few weeks ago, he was surprised to learn some residents weren’t paying any taxes.
Continued ... - News and Tribune briefs for Feb. 9, 2012
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River Ridge moves forward with development plans
