Summary
A former city employee says the switch from Mission Square to MERS converted her outstanding 401(a) loan into a taxable distribution without notice — a $4,800 tax bill due for 2026, with records locked. She warned others could be affected; the mayor promised a formal response before month's end.
At a glance
- Total mentions
- 2
- Last 30 days
- 2
Discussed at 1 meeting in the last 60 days; most recently Oct 20, 2026.
Impact analysis
Affected former employees face unexpected tax liabilities — about $4,800 in this case — with a possible $19,000 repayment option expiring October 30.
Former city employees with outstanding retirement loans, who got no notice or record access during the administrator switch.
Mentions & discussions (1)
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