The vote on the budget has been bumped ahead until at least mid week, pending quotes from local firm Owens MacFadyen on the interim, or bridging numbers for long term-disability payments as well as how the payouts will work on a more permanent basis.
LTD isn't taken into account under the Shared Risk model currently being contemplated for the pension plan, and Mayor Mel Norton likens it to a series of dominoes in that council first requires the long term disability numbers, then ratify a Memorandum of Understanding, then finally approve the budget after that.
The ballpark figure being cited for the so-called bridge benefits is $75,000 and $100,000 monthly, but that's just until something more permanent is worked out. They're hoping to get the quotes within the next day or two and meet again on Wednesday; however, that doesn't mean the capital nudget will be done before early 2013.
