Steve Gantt
In December, I told you that Columbia City Council members were halting their City Manager search and instead chose to offer interim City Manager Steve Gantt a one year contract.
All of that is still true, except the contract part.
Gantt isn’t pulling a Don Draper. He wants a contract, he’s just trying to figure out how to have one without paying lots of taxes. Gantt plans to participate in the state Teacher and Employee Retention Program in June, which would allow him to start pulling from his pension while still drawing a regular salary. However, in order to do that and not pay a big penalty to the IRS, he has to have some separation from the City.
The details haven’t been worked out yet, but it looks like Gantt will spend at least one day in July as a free man, only to be hired back the next day.
That’s why his contract, which keeps popping up on City Council’s agenda, keeps getting deferred.
Adam Beam covers the City of Columbia for
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[...] As I posted previously, Gantt is taking advantage of the state’s TERI program, which allows him to retire without really retiring. That means he can collect his pension and a salary. [...]