HomeMy WebLinkAboutDocumentation_Pension Public Safety_Tab 04_11/06/2006Betty Laur
om: Betty Laur [blaur@tequesta.org]
~nt: Wednesday, August 16, 2006 10:44 AM
o: Steve.palmquist@gabrielroeder.com
Cc: Gwen Carlisle; JoAnn Forsythe
Subject: Requests made by General Employees Pension Board and Public Safety Officers Pension
Board
The pension boards both met August 7 and both requested that you attend their next
meeting on Monday,November 6 to go over the last actuarial report. The Public Safety Board
will meet at 8 a.m. and the General Employees Board will meet at 10:30 a.m.
The General Employees Pension Board requested the cost for annual employee benefit
statements.
At their August 7 meeting, the General Employees Pension Board authorized Gabriel,
Roeder & Smith to do a study to determine the cost impact to the fund of crediting
interest on the employee contribution payout prior to vesting, calculated on 1% through
5~, calculated on the balance, not compounded, and effective upon passage.
You might like to be prepared in case the Public Safety Board is interested in the
cost of annual employee benefit statements also. One of their board members suggested
looking at benefits again when the actuarial report was reviewed.
Thank you!
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