Thu, Nov 26 2009
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Local pension board OKs advisory vote Board member Tom Robertson introduced at least two motions for an advisory vote that died for lack of a second or that he withdrew.
The mayor expressed frustration with the board’s indecision after he was asked whether the City Council would support the amended proposal. He said he couldn’t speak for the council, especially when the composition of the panel may change after the April 8 election. Tupper also took the opportunity to criticize the board. “If this board has one fault, it’s that it can’t make up its mind,” he said. Geller originally introduced a motion asking that the membership be allowed to vote on the proposal proffered by Rohr to change the plan. After Robertson said he wouldn’t vote in favor of that, she changed her motion to authorize an advisory vote, and all seven voting members approved it. It will take some time for the city staff to prepare for the election, said the city attorney, Brian Head, and no date for holding the election was discussed. Advisory vote Police and fire employees will be asked to vote in an advisory election on a proposal that would change the contribution and benefits of new hires. It would reduce the employee contribution from 18.08 percent to 10 percent, but retirees would not receive a lump-sum refund of their contribution as the current covered employees do upon retirement. Employees who leave before retiring would get refunds. New hires could get full retirement benefits after 25 years of service rather than the current 20 years, but they could retire at reduced benefits after 20 to 24 years of service. The city would make an initial payment of $950,000 into the fund and increase its annual contribution of police and fire payroll until the plan is solvent. 
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