JASPER, Tenn. – City employees banded together last month and proposed the Jasper Board of Mayor and Aldermen fund a $1.477 million “longevity bonus” to help them with retirement.
The city has been finalizing procedures to switch its retirement plan with Nationwide Insurance to the Tennessee Consolidated Retirement System over the last year, and many employees are frustrated with the lump sums they are set to receive from the Nationwide plan.
At the board’s May meeting, Ed Freeman, Jasper’s water and sewer superintendent, asked if the board had made any headway on last month’s proposal.
“We haven’t heard anything,” he said.
According to the proposal, six Jasper workers who have been on the job for 30 or more years would get $100,000 each from the town.