HomeMy WebLinkAbout05-23-2000 Special Session Minutes THE CITY OF OCOEE GENERAL EMPLOYEES'
RETIREMENT BOARD SPECIAL MEETING- May 23, 2000
The General Employees Pension Board special meeting was called to order by Chairman Dabbs
at 10:10 AM in the Commission Chamber Conference Room. Present were Trustees Carter,
Cornell, Ison, and Oliver.
There were three items on the special meeting agenda and were taken order after the Chairman
updated the Board on the secretarial search.
SPECIAL ORDER OF BUSINESS
DROP APPLICATION PAPERWORK
The drop plan paperwork necessary to enter the D.R.O.P. was presented by the Chairman and
Trustee Cornell. After explanations and discussion, the application and accompanying
paperwork were adopted unanimously, pending editorial critique for typos, etc. Trustee Oliver
made the motion, Trustee Ison seconded the motion.
Discussion then was directed to the question and answer memo prepared for the Police and Fire
Pension Board by Attorney Dehner. Other questions by employees were answered appropriately
ending with a motion by Trustee Carter and seconded by Trustee Oliver to adopt this memo and
to share it via e-mail and by distribution to the General Employees' Directors.
APPROVAL OF EMPLOYEE SURVEY
The employee survey developed by Trustee Cornell was discussed by the Board as well as the
employees in attendance. The areas of employee interest covered by the survey, generated much
discussion and many questions. The survey was subsequently approved unanimously — to be
distributed by e-mail and returned to Trustee Cornell for collation and subsequent sharing with
the Board and the employees.
CLARIFICATION OF 30-YEAR AND OUT
Discussion for the "30 and Out" proposal also generated much discussion and many questions.
The retirement discussion touched upon insurance portability, cost, who pays, etc. Human
Resources Director Psaledakis, along with the Trustees, were able to clarify the issues and the
responsibilities of the Board and the Human Resources Department. The letter written by the
Chairman was approved for forwarding to the City Manager for action. As an enclosure to the
letter the impact statement from Actuary Foster was forwarded as well.
Employee Henry asked Trustee Carter for the City's contribution over the past three years.
The insurance supplement discussed around the May meeting was adopted and the Chairman was
asked to expedite the impact statement from the actuary which would show the cost to the City of
the proposed $100.00 insurance supplement. Trustee Ison made the motion, seconded by Trustee
Oliver, and it was adopted 5-0.
General Employees' Retirement Trust Fund
May 23,2000
The Board thanked the employees and Human Resources Director Psaledakis for their attendance
and participation. Trustee Ison suggested the Board and Human Resourcess hold informal
meetings periodically to answer employee questions.
Meeting adjourned at 11:15 a.m.
Respectfully submitted,
. ESTER DABBS, JR.
Acting Secretary /
2