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Town Researching Jakubson’s Retirement Costs

Posted by Shore Publishing on Jul 24 2008, 01:46 PM

 

By Marianne Sullivan, Source Senior Staff Writer:

 

    The Board of Police Commissioners met in an executive session this week to consider Police Chief Paul Jakubson’s retirement proposal. First Selectman Al Goldberg was expected to attend the meeting.

    Jakubson’s proposal reached the Police Department last Thursday and was sent on to the town attorney. As of Monday, Goldberg said he had not seen the chief’s letter, nor did he know the details of the proposal. Jakubson, a 34-year veteran of the Madison Police Department, can retire at any time. Madison officers hired before 2006 can retire after 20 years of service and begin receiving pension payments immediately. Jakubson, however, has asked for “additional considerations,” according to sources. 

    Sitting in his Town Campus office Monday afternoon, Goldberg said, “If you were to ask me this minute if I could consider paying the chief more than what he is entitled to as his baseline pension, my answer would be no. However, I may have a lot to learn over the next few days.”

    What the first selectman and the Police Commission will learn over the next few days is the cost of Jakubson’s retirement, both his “baseline” retirement, as Goldberg calls it, and the cost of any enhancements. Human Resources Manager Rita Umile and the actuaries hired to monitor the town’s retirement plans have been spending most of three days reviewing Jakubson’s proposal and computing its costs.

    Other selectmen have attempted to negotiate retirement packages with the police chief. None were successful, largely because Jakubson reportedly sought enhancements with long-term costs, including full health insurance coverage for both himself and his wife.

    This fiscal year the chief’s salary is $98,680. In the fiscal year that ended June 30, the chief’s salary was $95,574. Jakubson has been on paid administrative leave from his position since April 29.

    Jakubson received a heart and hypertension payment of $84,227 several months ago. He qualifies under a former state statute. He had asked that the total payment be considered as part of his salary. The town, however, chose to consider it a one-time payment not associated with salary. Pensions are based on formulas that include both years of service and salaries. A spike in the chief’s salary of more than $84,000 in one year would significantly increase his pension, and pensions are considered long-term liabilities.

    Simply by virtue of his long service with the town, Goldberg predicted, Jakubson’s pension “numbers” were likely to be large.

    “Payments in addition to that will be difficult to justify,” he said. “Right now, I don’t believe the Police Commission, the selectmen, or the Board of Finance would be prepared to agree to anything beyond the baseline pension.”

    The Police Commission will be asked to consider Jakubson’s proposal first. If it chooses, it will make a recommendation to the Board of Selectmen and then any agreement will need to be considered by the Board of Finance as well, Goldberg said.

 

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