HomeMy WebLinkAboutDocumentation_Pension General_Tab 06_08/03/2009Laur, Betty
From: Duane.Howison@gabrielroeder.com
Sent: Tuesday, July 07, 2009 2:11 PM
To: McWilliams, Lori
Cc: Laur, Betty; Steve.Palmquist@gabrielroeder.com; c2654@gabrielroeder.com;
Rion. Broshears@gabrielroeder.com
Subject: RE: General Employee Pension Board - VOT
Our study which went out 4/30/2009 addressed the effect of asset smoothing and lowering the 7.5% assumed rate of
return. As mentioned in the study, if asset smoothing had been used as of 10/01/2008, the contribution requirement as
a percentage of payroll would have been 1.17% lower for the year ending 09/30/2010. The effect of lowering the return
assumption to 7.5% can be found in Section A of that study.
If you need further clarification on these issues, let me know.
From: McWilliams, Lori [mailto:fmcwilliams@tequesta.org]
Sent: Thursday, June 18, 2009 12:43 PM
To: Laur, Betty; Palmquist, Steve (FLP1)
Cc: Archie C. Mangum, Jr.; Carl Hansen; Deanna Mayo; Michael D. Rhodes; Michelle Gload
Subject: General Employee Pension Board - VOT
Mr. Palmquist,
The General Employee Pension Board asked me to remind you to provide the following information for the August
meeting as discussed during the May meeting:
• Asset Smoothing
• Annual Contribution Rate information 8% to 7.5%
Also, FYI - Bonni will be making changes to the Investment Policy as requested during the Special Meeting yesterday. An
Ordinance will be going before Council regarding this.
Lori
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