Fort Walton Beach Council agenda — 03-25-08 workshop agenda — reading text

CITY OF FORT WALTON BEACH City Council Workshop Meeting Agenda - March 25, 2008 - 5 :30 P.M. City Council Chambers 107 Miracle Strip Parkway, SE Fort Walton Beach, FL 32548 CALL TO ORDER PLEDGE OF ALLEGIANCE Mayor Anderson APPROVAL OF AGENDA GENERAL PUBLIC 1. General Public on items of City business. ( No Backup) WORKSHOP AGENDA 2. Review of General Employees', Police Officers' and Firefighters' Pension Plans. Mr. Jim Linn from Lewis, Longman & Walker, legal counsel for General Employees' Plan, Mr. Lee Dehner, from Christianson & Dehner, legal counsel for Police and Fire Plans, and a representative from Foster & Foster, actuary for Police and Fire Plans, will be in attendance. ( Council Member Miller) ( Human Resources Director) ( See Backup) ADJOURN Any person who decides to appeal any decision made with respect to any matter at this meeting will need a record of the proceedings, and for such purpose may need to ensure that a verbatim record of the proceedings is made, which record includes the testimony and evidence upon which the appeal is to be based. (FS286.0105). The City of Fort Walton Beach adheres to the American with Disabilities Act and will make reasonable modifications for access to this meeting upon request. Please call City Clerk Helen Spencer at 850 -833- 9509 to make a request. For Hearing Impaired dial the City Hall TDD # 850 -833 -9925 or 1- 800 -955 -8771 TDD) or 1- 800 -955 -8770 ( Voice). Requests must be received at least 48 hours in advance of the meeting in order to allow the City time to provide requested service. 3/ 20/ 2008 12: 55 PM  CITY COUNCIL WORKSHOP March 25, 2008 Workshop Agenda General Public Agendaltem Number: WA - 1  CITY COUNCIL WORKSHOP March 25, 2008 Workshop Agenda Review of General Employees', Police Officers' and Firefighters' Pension Plans. Council Member Miller) ( Human Resources Director) Agenda Item Number: WA- 2  CITY OF FORT WALTON BEACH MEMORANDUM DATE: March 17, 2008 TO: Joyce Shanahan, City Manager FROM: Mark Wiltsie, Human Resources Director SUBJECT: March 25, 2008 Workshop - Pension Matters BACKGROUND: A workshop scheduled for March 25, 2008 at 5:30 p.m. has been scheduled to provide a review of the 3- pension plans which are sponsored by the City of Fort Walton Beach. The 3- pension plans that were requested for discussion included the Police Officers', Firefighters', and the General Employees' Pension Plans. DISCUSSION: In preparation for the above referenced workshop and at the recommendation of the City Attorney, Staff has contacted the attorneys for the 3- pension plans which include Mr. Jim Linn with Lewis, Longman, & Walker, P.A.', who provides legal counsel with respect to the General Employees' Pension Plan and Mr. Lee Dehner with Christianson Dehner, P.A.,who represents both the Police Officers' and Firefighters' Pension Plans. Both Mr. Linn and Mr. Dehner will be at this meeting to provide a brief overview of these defined benefit pension plans and respond to questions from City Council. In addition, we have requested that a representative from Foster & Foster, P.A. who is the pension actuary for the Police and Fire Plans be in attendance to answer any questions the City Council may have regarding the most recent actuarial valuations for the Police and Fire Plans. As you recall Mr. Mike Tierney met with City Council in August 2007 and provided information regarding the General Employees' Pension plan. Due to other commitments, Mr. Tierney will not be in attendance at the workshop but would be pleased to provide a written response to any question that might come up that either Mr. Linn or staff can not answer. Staff has provided the following documents pertaining to these 3 -plans: Enabling ordinance( s) regarding the 3- pension plans. A matrix identifying a brief overview of the benefits of the 3 -plans. The actuarial evaluation reports as of 10/ 01/ 07 for the 3- pension plans. I would be pleased to provide any additional information regarding these pension plans. Page 1 of 2 Respectfully submitted, Mark Wiltsie Human Resources Director Approved Not Approved oy e Shanahan, City Manager Page 2 of 2  Q. vJ +/ vJ O0- - O L ca UUU 0- 01 0- coQ U r_ o LO o CC,—) E2 O L N C) a O o cn o i E c c U o 1 >.>. Uu. C.0 O LO O O. Q O, N LL o 0 o m Q o LO LO LO O N Q N N CN V) IN N A' CL n U U U) N U U O o LO co o 0 o ti o n Lo co r- o 1 a Lo LO LO OR O N ti M O LO Q Q N CZ CL U) Co U U j ON - 1 s . o U o C) ti O N C C N- F CO p O O it 0 LO m C c O V) ti N Q Q N N L m O LL O O .0 U- ca U m a) a) ^ c c CD ( E D Cd o 0 2 E U E O N O A O a O CL a) C/ 1 c a) OO O cccc a) i C i cncn a) CC U a) O 0 o 4-0 NN