06/01/1982
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TRUSTEES OF THE EMPLOYEES' PENSION FUND MEETING
June 1, 1982
The City Commission, meeting as the Board of Trustees of the Employees'
Pension Fund, met in regular session at the City Hall, Tuesday, June 1, 1982, at
2:00 p.m., with the fOllowing members present:
Charles F. LeCher
Paul A. Hatchett
Rita Garvey
James Calderbank
James Berfield
Mayor/Commissioner
Vice-Mayor/Commissioner
Commissioner
Commissioner
Commissioner
Also present were:
Anthony L. Shoemaker
Thomas A. Bustin
Cyndie Goudeau
City Manager
City Attorney
Deputy City Clerk
The Mayor called the meeting to order.
ITEM /12 Minutes
17, 1982 meeting.
Commissioner Garvey moved to approve the minutes of the May,
MotlOD was duly seconded and carried unanimously.
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ITEM /13
Disability Retirement Benefit Study .
The coordination of the Pension Plan disability benefit with workers
compensation benefits is a difficult issue. Concern has also been expressed
regarding the criteria for awarding the pension plan disability benefit. Staff
recommends that a recognized employee benefit consultant perform a study of the
City's disability retirement benefit.
The relative value of the disability benefit of the Employees' Pension Plan
will be compared to other City employee groups, and to other municipalities and
private employers, a review of existing administrative procedures will be done,
and recommendations will be made concerning any necessary changes in plan
provisions and/or administrative procedures to result in a disability retirement
benefit that is competitive in the labor market, that can be efficiently
administered and that is economically prudent.
Staff received seven proposals from employee benefit consulting firms to
perform the study and recommends Meidinger based on: 1) approach to costing the
disability benefits among City employee categories and other employers; 2)
inclusion of other fringe benefits in the scope of the study because of the
inter-relationships of many of the fringe benefit areas; 3) qualifications of
the firm and proposed project team; 4) ability to meet the project timetable of
the City; 5) estimated cost.
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June 1, 1982
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AGI:NDA
Board of Trustees of the I:mp1oyees
June 1 , 1982
Pens:
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l. Call to Order. 1- 2:00 p.m.
2. Approval of Minutes 2. Approved
Hay 17 , 1982
3. Disability Retirement Benefit 3. Approved agmt w/Meidinger. Inc to
Study. perform study.
4. Adjourn 4. 2:0B p.m.
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