[Mail_treas] Severance

[Tracy Hiller]

We currently use VOYA (formerly ING) to deposit all severance funds when a
person retires.  VOYA calls the program Plan With Ease, which is anything
but easy.  I am not supposed to have to sign documents for retirees to get
their money, but that isn't happening.  This plan was in place when I came
to Kenton.

First off, can I abolish this plan?  What does it take to no longer use
this plan?  We do not feel that we should be making this requirement for a
retiree despite it saving them tax dollars.

I also received a letter from Precision Retirement Group.  Does anyone have
experience with this company?  Their Gold Level Special Pay Plan sounds
like maybe a better use of severance funds, does anyone have this plan?
Must a retiree put their money in the plan?  Are their options?

Sorry for the length of this email,

Tracy

-- 
Tracy J Hiller
Treasurer
Kenton City Schools
222 W. Carrol St.
Kenton, OH  43326
Office:  419-673-0776
Fax:  419-675-1022
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