County Delegation Denies Gunstock Borrowing - Page 2

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  1. #11
    thetrailboss's Avatar
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    Quote Originally Posted by Edd View Post
    The plan is a 457b plus there’s profit sharing. I responded to the OPs statement of “run by Belknap country” simply to differentiate it from Cannon, who I believe really are state employees. When folks hear that, a frequent assumption is that Gunstock is staffed with government employees drawing pensions and so forth, sucking from the taxpayer well. You yourself leapt to a conclusion that they are state employees.

    Also, regarding what I said about Gunstock paying for the land use. That was always true until 2016, when the memorandum of agreement (sort of a rental fee) expired between Gunstock and the county. Since then, it’s been under renegotiation, still unresolved.
    So are they county employees or not?


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  2. #12
    Edd's Avatar
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    Quote Originally Posted by thetrailboss View Post
    So are they county employees or not?


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    No they aren’t.

  3. #13

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    Can you do us a favor and just read the top of your wife's last paycheck and let us know what it says.

  4. #14
    Edd's Avatar
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    Paychecks there have “Gunstock Area Commission” at the top. The employees do exist in a legal grey area but, again, they aren’t considered county employees. Yeah, it’s weird.


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  5. #15
    thetrailboss's Avatar
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    Quote Originally Posted by Edd View Post
    Paychecks there have “Gunstock Area Commission” at the top. The employees do exist in a legal grey area but, again, they aren’t considered county employees. Yeah, it’s weird.


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    Interesting. So it is a separate quasi-public entity.
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  6. #16

  7. #17
    Newpylong's Avatar
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    Consider it a for-profit governed similar to a non-profit. The Commissioners are akin to a Board of Directors, (some may have ski area experience, some may not) and are the legal governing body. They hire staff to run the mountain day to day but are still involved at a strategic level and for capital items.

  8. #18
    Quote Originally Posted by Edd View Post
    The plan is a 457b plus there’s profit sharing.
    A 457b is a non-profit plan. The 457a is government employee plan.



    So the fact it's not a 457a lends credence to how you're saying she's not a government employee, but the fact you note there's "profit sharing" has me confused.

    At any rate, if the loans are truly paid off in timely fashion leaving the county in an "even-Steven" position as has been stated, I dont see how there's a problem there, so my guess is it is the retirement plan (and likely healthcare) that's the issue.
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