Observer
LONGBOAT
COURTSHIP TENNIS MATCH
One Key couple is brought together through tennis love. PAGE 5A
DIVERSIONS: IRISH SPRING
Travel Outlook
High-school junior and Irish dancer Caiti Ward gets jiggy with it.
The Energetic Travelers outline 2011 destinations.
NEWS 1C
INSIDE | PAGE 1B
You. Your neighbors. Your neighborhood.
Thursday, FEBRUARY 10, 2011
retirement options
OUR TOWN
PENSION COSTS
Commission focuses on pension problem
PEOPLE, PICS & PLACES
Year Total 2005 $830,000 2006 $900,000 2007 $943,000 2008 $1.5 million 2009 $1.7 million 2010 $2.4 million 2011 $2.7 million Total increase 225%
The commission spent more than three hours Monday discussing the town’s increasing unfunded liability in its three pension plans. By Kurt Schultheis | City Editor
Courtesy photo
+ Younger family gets a new member Longboat Key Commissioner Phil Younger has a new role: Grandpa. Emily Gracen was born to Younger’s daughter and son-in-law, Marston and Jerry Atkinson, Jan. 17, in Atlanta. The newest member of the family weighed in at 8 pounds and was 14 inches long.
The Longboat Key Town Commission is so concerned with its growing pension problem that it will meet twice a month to discuss the problem until a decision is made to stop the bleeding of the plans’ unfunded liability. At a special pension workshop
Monday, Feb. 7, at Town Hall, the commission heard from its pension attorney, an actuary consultant and residents on how the town’s pension problems should be solved. The problems have caused town taxpayers’ costs to rise from $830,000 in 2005 to $2.7 million in 2011, for a 225% increase
(see box at right). Unfunded liabilities in all three pension plans have risen from $10.5 million in 2003 to $26.3 million in 2009, for a 150% increase. And the rising costs aren’t over. Town pension attorney James Linn told the commission that town pension contributions are
expected to increase each year for the next three to four years. “Most governments are facing the same type of challenge,
SEE PENSION / PAGE 10A
COUNT ON IT
BEAD Cyclists say WORK signs should
stay on Key
Some area bicyclists believe the town should not remove any of the 126 bicycle signs along Gulf of Mexico Drive.
Dora Walters
+ Post office puts its stamp on service
By Kurt Schultheis | City Editor
Customer Appreciation Day took place Feb. 5, at the Longboat Key Post Office. Serving coffee, orange juice and donuts was Postmaster Rodney Masengale, left. Enjoying the morning snack was Dee Moog. “We just wanted to say thank you to our customers,” Masengale said.
On most days after work, Police Chief Al Hogle rides his bicycle to the north end of Longboat Key and then heads south to the Sarasota Sailing Squadron before hopping in his sport utility vehicle and heading home. An avid bicyclist, Hogle calls Longboat Key “the premier bicycling venue in the area.”
See OUR TOWN / PAGE 2A
Hogle said he does not take issue with the recommendations by the Florida Department of Transportation (FDOT) to reduce the number of bicycle-related road signs along Gulf of Mexico Drive. “I tend to want to believe that what FDOT is saying is reasonable,” said Hogle, who says that being a defensive
SEE SIGNS / PAGE 11A
INDEX Classifieds...............................12C Crossword..............................11C Deal Us In..............................10C Key Real Estate.......................2C Opinion.....................................6A Weather.................................11C Vol. 33, No. 28 Three sections www.YourObserver.com
Photos by Rachel S. O’Hara
Above: Virgina Tangeman collects the rosaries she made Tuesday, Feb. 8, at St. Mary, Star of the Sea, Catholic Church. Every Tuesday morning inside the library of St Mary, there are a half-dozen to a dozen women and men, who volunteer their time making colorful rosaries, which are sent to missions all over the world. Inset: Sandy Mattacott works on a rosary.
File photo
Bicyclists from around the area recently have written more than 30 e-mails to Town Hall about keeping all of the town’s bicycle signs.