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Published January 16, 2008 10:32 pm - A subcommittee report from the Joplin city manager to the Police and Firemen’s Pension Board angered some members of the panel Wednesday to the point that they discussed immediately filing a lawsuit over their underfunded pension plan. Pension board frustrated by lack of specifics to address underfunding By Debby Woodin dwoodin@joplinglobe.com A subcommittee report from the Joplin city manager to the Police and Firemen’s Pension Board angered some members of the panel Wednesday to the point that they discussed immediately filing a lawsuit over their underfunded pension plan. Some members of the board, which is trying to resolve $16 million in underfunding, expected more details to be presented in an interim report it had requested from the city manager. A full report with recommendations for resolving the underfunding is due next month. Instead of receiving some specifics of what is being discussed, the board got a report saying that the subcommittee is having an actuary evaluate some options, but the report did not specify what options. A St. Louis attorney hired by the board had advised the panel two months ago that it could sue for $2 million of the $16 million owed. The attorney said the board likely could win only part of the underfunding because it had let it go on for so many years. The board agreed at that time to give the city three months to come back with a plan to avoid a lawsuit. But, a status report was due before the full recommendation is to come in next month. Tom Robertson, a Fire Department trustee, asked one of the pension board’s ex-officio members, city Finance Director Leslie Jones, to tell the board more details about the options the subcommittee is studying. She said she couldn’t. She did not say why. Robertson asked, “Can we believe the city is making a good-faith effort to resolve this?” He said the interim report was supposed to have been provided to an attorney for the pension board, Dan Tobben, of St. Louis, before Wednesday’s meeting. It was not provided in advance by the city manager, which caused the board to set up a telephone conference with Tobben. Tobben was faxed a copy of the report during the meeting and then was consulted by telephone. “It’s almost like the city is playing musical actuaries,” Tobben told the pension board over a speaker telephone. He asked what options the actuary had been asked to evaluate. Jones said she couldn’t give out the details. “I would encourage everyone to let it run its due course,” she told Tobben and the board. She said the subcommittee is looking at some new ideas that had not been previously discussed. Tobben and some of the pension board members asked whether the options included any cut in benefits to current members of the pension program, cuts to future members, or committing any new revenue to making payments on the underfunding. Jones replied that she’s just an ex-officio representative on the board and the committee, implying that she was not at liberty to discuss specifics. “From my perspective, this isn’t a very good-faith effort,” Tobben advised the board. “If you want to give them 30 more days, I’m fine with that, but if you want to sue, I’m fine with that too.” 
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