HomeMy WebLinkAbout11-20-1998 Speial Meeting Minutes L
Notes on Informal Meeting with Police/Fire Trustees, City Manager, and Concerned
Members re: Employee Certificates held November 20, 1998
in the City Manager's Conference Room
Present: General Employee Pension Board Chairman Dabbs, Trustees Carter and
Grafton; Police/Fire Pension Board Chairman Reed, Trustees Strosnider, Williams and
Wilson; City Manager Shapiro; Human Resources Director Psaledakis; Community
Relations Director Shira; Finance Director Horton; Budget Analyst Strickland.
City Manager Shapiro explained that this meeting was to present those concerns to the
Trustees that several employees had expressed about the 1997 annual certificates that had
been distributed and then corrected this year. In particular, they questioned whether the
same procedure as that used for the certificates had been used to calculate the retirement
benefits for those employees who retired during 1997-98 (Jim Beech and Roger
Reinholt). They asked also when Foster and Foster discovered the error, and if it was
discovered last year, why the corrected forms were not delivered at that time instead of
waiting until the meeting held November 17.
Ms. Psaledakis expressed particular consternation over the error as she had been
calculating her needs for retirement and was depending on the figures provided.
After listening to Mr. Foster's explanation on the audio tape of the November 17
meeting, Mrs. Shira suggested that the Board request Foster and Foster to prepare
several test certificates, using employees of different length employment and different
pay grades, for confirmation that the present system is accurate. Ms. Psaledakis also
requested they provide her with a projection for her retirement at age 62, 63, 64 and 65, at
no cost to the Board or her.
hAftiGrafton, Se• �.
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