Fort Walton Beach Council agenda — 08-22-2007 special agenda — reading text

policy decisions concerning the City Council' s authority and control over the retirement plan. There are no " right" or " wrong" answers on these matters, but there are a number of important policy considerations that the City Council will have to weigh. Once all of the infonnation is presented, City Council members will likely have questions which may lead to a discussion of other options. In short, the City Council' s decisions on how much authority and control it wishes to retain over pension matters will, to a large extent, Helping Shape Florida' s FlItllre@ BRAOENTON JACKSONVILLE TALLAHASSEE WEST BEACH PAL!\! d 1001 3' Avenue West 245 Riverside Avenue Post ( Jftice Box I07XX (32302) 1700 Palm Reach LaKes Blvd. Suite 670 Suite 150 125 South tiadsden Street. Suite 3011 Suite 1000 Bradenton. FL 34205 lacKsomile. FL 32202 Tallahassee. FL 323111 West Palm Bcach. FL 33401 1441 ) 70H- 4040 9041353- 6410 ( 850) 222- 5702 5611 (,40- 0820 Fax: ( 941) 708- 4024 Fax (') 041353- 7619 Fax i8501224- 9242 Fax, ( 561) (,40- H202 vnnv. llvl'- lalv. com August 13, 2007 Page 2 drive many other decisions on the governance and administration of the plan. Based on my experience representing local governments in pension matters, I do not believe that a regular City Council meeting will provide an adequate opportunity or focus for the type of discussion that will be required to resolve the numerous issues that have been raised. Accordingly, I recommend that the issues concerning the General Employees' Retirement Fund be taken up by the City Council at a workshop that is specifically scheduled for this purpose, rather than the regular City Council meeting on August 14. Please feel free to call me if you have any questions concerning this recommendation. JWL/ es