The Plymouth retirement board voted to withhold pension payments for former town finance director Michael Daley, after previously alleging that he was making too much money as a consultant to municipalities to also receive his pension of nearly $10,000 a year.
The board made the decision Friday to apply Daley's pension to the balance it claims that he owes the town, said Thomas Kelley, chairman of the retirement board.
The board is attempting to force Daley to give up $324,000 in income he has earned from municipal bodies through his Financial Advisory Associates Inc. consultancy since 2007. That sum is far higher than the maximum the state pension oversight board has said Plymouth could recoup.
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Michael Sacco, an attorney for the Plymouth retirement system who attended the meeting Friday, said the board arrived at the $324,000 figure by obtaining public records from the municipalities Daley lists as clients on his web site.
Daley and his lawyer insist that he has broken no rules and has properly taken the pension payments due him. The state pension oversight group, the Public Employee Retirement Administration Commission, has sided with Daley.
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