Longboat Observer 08.29.13

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bserver Happy Rosh Hashana!

YOU. YOUR NEIGHBORS. YOUR NEIGHBORHOOD.

NEWS

Mote accepts lemonade stand money for sharks. PAGE 6A

OUR TOWN

Courtesy photo

+ Commissioner is a proud new grandpa Commissioner Jack Duncan has taken on an additional responsibility. He and his wife, Debbie, are the proud new grandparents to Liam James Webster. Proud parents of the 7-pound, 13-ounce boy are Sarah and Clayton Webster of Lenoir, Tenn.

Eva Waldroup

LONGBOAT

free • THURSDAY, AUGUST 29, 2013

DIVERSIONS

TRAVEL

The Energetic Travelers provide their best tips. PAGE 13A

Angela Maria Isaza’s botanical batik is in full bloom at Selby. INSIDE

BUSINESS MODEL

retirement trend

BUSINESS by Kurt Schultheis | Managing Editor

by Kurt Schultheis | Managing Editor

PLEASURE A Longboat Key-based company continues to thrive five years after its relocation from New Jersey. The company is also attracting its clients to the Key for annual meetings.

Mallory Gnaegy

+ Town Hall’s cake connoisseur retires Eva Waldroup, Town Hall’s popular receptionist and cakemaker, officially retired this year after 10 years of service. Employees gathered Monday to celebrate her and husband Donnie Waldroup’s upcoming move to Texas to be closer to family.

+ Virginia Sanders nest yields 115 A nest named for a top turtle recently hatched at 6429 Gulf of Mexico Drive. The Virginia Sanders nest — dedicated to the longtime Longboat Observer Turtle Watch columnist — had 115 hatchlings, one of which was alive when Turtle Watchers excavated it. Sanders’ daughter, Beth Brewer, sponsored the nest in her mother’s honor. For information about named nests, visit lbkturtlewatch.com.

Turtle tracks Week of Aug. 18 through Aug. 24

Nests....................................0 False crawls..........................0 2013 2012 Nests 639 628 False crawls 478 466

Kurt Schultheis

Longboat Key resident Charles “Chuck” Nechtem, president and CEO of Charles Nechtem Associates Inc., uprooted his life to make both a professional and a personal move to Longboat Key five years ago.

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ffective Sept. 1, a local company’s corporate headquarters is growing in size; both its number of employees and its square footage is increasing. And, it’s happening right here on Longboat Key, just 0.3 miles from Town Hall. Longboat Key resident Charles “Chuck” Nechtem, president and chief executive officer of Charles Nechtem Associates Inc., told the Longboat Observer Monday he’s doubling his office space from approximately 3,000 square feet to roughly 6,000 square feet in Mediterranean Plaza

on Bay Isles Road, while also adding seven customer associates to bring his employee count on Longboat Key to 23 people. Nechtem enlisted the help of the Suncoast Workforce to find qualified out-of-work employees in both Bradenton and Sarasota to join his team on Longboat Key — those employees start Sept. 3. Charles Nechtem Associates provides employee-assistance programs and manages mental-health programs and customer-service programs for companies and municipalities all over the country.

The company serves as a starting point for its clients’ employees to seek confidential counseling about any issue that arises in their personal or work lives. Once a call comes in, the company’s licensed counselors or social workers will monitor the case, either providing counseling services or finding an appropriate therapist. Nechtem’s staff of about 200 employees monitors 24-hour call-centers out of offices in New Jersey and St. Louis.

All eight employees enter DROP Every general employee eligible to enter the DROP for five years while also working is taking the town up on its retirement offer. Everyone eligible is “DROPping” at Town Hall. The eight general employees who are now eligible to enter the Deferred Retirement Options Program (DROP) after the Longboat Key Town Commission afforded those employees the right to enter DROP early before their pension plan is frozen next month have all decided to take advantage of the retirement incentive (see Page 6A). The cost for the DROP program — which allows employees to officially retire but continue to work for the town for five years while the town places their pension checks in an interestbearing account — will cost the town an additional $58,332 per year. The total cost is nearly $1.75 million over a 30-year amortization, according to figures released by actuaries. Commissioner Phill Younger, who voted against the additional retirement incentives, noted earlier this month that the five-year window general employees have to continue to work for the town while being in the DROP is two years longer than the three-year DROP given to firefighters. “We’re actually increasing benefits for the general employees,” Younger said. So far, only one of the town’s 43 general employees who qualify for an early-retirement incentive that the commission also approved on Aug. 14 has taken advantage of the option. The early-retirement option allows employees to retire at age 50, after 25 years of service, and collect a pension. Information Technology Systems and Network Administrator Mark Stadts retired last week with an estimated monthly pension payment of $2,999.36. The early-retirement option costs the town an additional $6,241 annually. That amounts to an estimated $64,573 increase annually for costs associated with both provisions, for a $1,937,190 estimated total amortization cost over the next 30 years.

SEE NECHTEM / PAGE 2A

SEE DROP / PAGE 6A

INDEX Briefs....................4A Classifieds......... 21A

Cops Corner....... 10A Crossword.......... 20A

Obituaries.......... 14A Opinion.................8A

Real Estate........ 18A Weather............. 20A

Vol. 36, No. 4 | Two sections YourObserver.com


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