By: J.D. CharlesFor The Logan Banner
December 13, 2012
WEST LOGAN — Employees of the town of West Logan have the opportunity to take part in a voluntary retirement program. The move came following a presentation at the December meeting of the West Logan Town Council, where Barbara Harmon of the State Treasurer’s Office explained how the program could benefit employees who were interested in making small deductions from their paycheck towards a retirement fund. The program, which is called West Virginia Retirement Plus does not cost a town or municipality anything and employees who are not interested in it do not have to participate.
Harmon said the Treasurer’s office would schedule a meeting with town employees who do wish to participate in the program. Participants can enter the program for as little as $10 per pay period. The program is overseen by the Internal Revenue Service and a participating employee
can enter or leave it at any time. The employee has the opportunity to invest his or her money in up to 24 stocks and bonds or in one that is “stable value” and guaranteed, so that those who choose it cannot lose their principal investment.
“We have a lot of people who participate for just $10 per paycheck,” Harmon said. “It is understandable in today’s economy.” Several local agencies including the Public Service District participate in WV Retirement Plus, she added. “We have 14,000 participants and up to $130 million in assets.”
Harmon noted that the program is at no cost to the town.
Mayor Darren Akers said he felt it might be a good program for the town’s employees and following discussion council approved the measure.
In other West Logan news:
• The town’s minutes and financial statements from November were read and approved. Town Clerk Mark Mareske noted that the town “broke even” this past month and had gotten a nice property tax check from the county. Mareske said the town had to pay on its Board of Risk Management insurance this month as well. Mareske asked about an increase in the water bill for the building housing town hall and Mayor Akers and Police Chief Robert Ward explained that there had been a water leak in the business next door. “It only increased the water bill by $40 but the sewage bill went up much more,” Mareske explained. Akers said he would recommend asking the business to pick up the bill.
• Mareske said the town’s salt spreader for the street department truck was fixed, and ready for winter. Police Chief Ward said the town had gotten in a new shipment of salt.
• Mayor Akers said two unused buildings in the town were scheduled to be demolished by the owner.
• Police Chief Ward said there had been one traffic accident reported in the town in November and there had been an investigation about a reported driver leaving the scene of an accident.
• Ward said there had been one reported theft of an ATV in the area recently and pointed out that it was the time of the year for the crime rate to go up as local thieves look for an easy score around the holidays.
• Ward noted that there had also been reported complaints about barking dogs as well as fireworks. Mayor Akers said a new proposed animal shelter at 3 Mile Curve might help with dealing with strays. Akers said he had heard that the shelter would also be accepting volunteer help from those who wish to work with animals.