07/31/1989 TRUSTEES OF THE EMPLOYEES' PENSION FUND MEETING
July 31, 1989
The City Commission, meeting as the Board of Trustees of the Employees Pension Fund, met in regular session at the City Hall, Monday, July 31, 1989, at 9:10 A.M., with the following
members present:
Rita Garvey Chairperson
Lee Regulski Trustee
Don Winner Trustee
William Nunamaker Trustee
Richard Fitzgerald Trustee
Also Present were:
Ron H. Rabun City Manager
Milton A. Galbraith, Jr. City Attorney
Mary K. Diana Acting City Clerk
ITEM #2 - Minutes: Trustee Winner moved to approve the minutes of the July 3, 1989, meeting. Motion was duly seconded and carried unanimously.
ITEM #3 - Request for Acceptance into Membership:
The City Manager presented the recommendation of the Advisory Committee to approve membership for two (2) employees listed below:
Name Classification Department
Michael Jacobson Police Recruit II Police
Donald Greene Police Recruit I Police
Trustee Regulski moved to accept the recommendation of the Advisory Committee. Motion was duly seconded and carried unanimously.
ITEM #4 - Request for Pension:
The City Manager presented the recommendation of the Advisory Committee, General Employees' Pension Fund that the employees listed below be granted a regular pension under Section 26.34
and/or 26.37 of the Employees' Pension Plan.
George R. Smith, Wastewater Treatment Palnt-Lead Operator, Water Pollution Control Division, to be effective April 25, 1990.
Ulyssee Barber, Sanitation Heavy Equipment Operator, Sanitation Division, to be effective July 28, 1989.
Trustee Winner moved to accept the recommendation of the Advisory Committee. Motion was duly seconded and carried unanimously.
ITEM #5 - Other Business:
The November referendum deleted the age 45 limitation for new employees to become members of the City pension plan. A recent policy, approved by the trustees, allowed current employees
who were originally excluded because of age to apply to enter the plan, as new employees, but without retroactive credit for prior service. Mr. Thompson, the attorney representing the
City in the AARP lawsuit, has specifically requested cost estimates for 1) allowing current excluded employees credit for prior service, and 2) allowing excluded employees
who have already left the City after 10 years of service the right to reenter the plan on a vested basis.
The actuarial study will not constitute an offer to employees or former employees, nor will it resolve the issue of whether retroactivity can be offered legally without a referendum.
It will, however, provide cost estimates which will assist the legal staff and the trustees in deciding whether or not to pursue the retroactivity question further.
In response to questions, it was indicated the cost study has been brought about by the AARP lawsuit and will provide cost estimates as to available options.
Trustee Winner moved to approve the expenditure of not to exceed $7,000 for the pension plan's actuary, Coopers & Lybrand, to perform a cost estimate of allowing retroactive credit
for employees and former employees who were originally excluded from membership in the plan on the basis of age. Motion was duly seconded and carried unanimously.
ITEM #6 - Adjournment:
The meeting adjourned at 9:20 A.M.