HomeMy WebLinkAbout1980 01 29 City Council Workshop Minutes
.
.
.
79-80-15
WORKSHOP SESSION
CITY COUNCIL
CITY OF WINTER SPRINGS
JANUARY 29, 1980
The Workshop Session was called to order by Deputy Mayor Wilfred Arnold.
Roll Call:
Mayor Troy Piland, absent
Deputy Mayor Wilfred Arnold, present
City Manager Richard Rozansky, present
Councilmen:
William Jacobs, present
John Bennett, present
Maureen Boyd, late
John Torcaso, present
The meeting was called to hear a presentation by Mr. Dick Bonafide, CLU, on a
deferred compensation program for city employees - Public Employees Benefit
Services Corporation. Mr. Ned Banks, representing PEBSCO, made the presentation.
In order to participate the City would need to pass a resolution or ordinance.
The only cost to the employee would be $12.00 per year annual administrative fee.
In order to participate the minimum amount is $20.00 per month. Amounts can be
increased or decreased during specified change periods. The maximum amount is 25%
of gross income before deductions but not more than $7,500 in one year.
Council was in favor of proceeding with the Program and this will be on the agenda
for the next Council Meeting, February 12, 1980.
The meeting was adjourned at 4:48 p. m.
Respectfully submitted,
~r;~
Mary T. Norton,
City Clerk