HomeMy WebLinkAbout2006 04 25 Informational 500 Status of Pension Attorney's Revision to Defined Benefit Plan
BOARD OF TRUSTEES AGENDA
April 25, 2006
Regular Meeting
Consent
Informational
Public Hearing
Regular
MGR. f1/" /DEPT.
Authorization
x
ITEM 500
REQUEST:
Updating the Board of Trustees on the status of the Pension Attorney's
revision of the City of Winter Springs Defined Benefit Pension Plan.
PURPOSE:
To update the Board of Trustees on the status of the Pension Attorney's revision
of the City of Winter Springs Defined Benefit Pension Plan.
CONSIDERATIONS:
On January 31, 2006 the Board of Trustees voted to recommend the City Commission authorize
the Pension Attorney to revise and update the City of Winter Spring's Defined Benefit Pension
Plan Document.
On March 13,2006 the City Commission authorized the revision and update of the Plan
Document by the Pension Attorney.
Staff communicated the action ofthe Commission to the Pension Attorney on March 15,2006.
As of April 19, 2006, the Pension Attorney is still working on the revision and update of the
Plan. As previously indicated by Mr. Linn, this revision will take approximately 60 days.
Accordingly, this task will be completed in mid-May and presented at the next Board of Trustees
meeting.
FUNDING:
Funding for this revision is from the Pension Fund.
RECOMMENDATION:
None.
ATTACHMENTS:
BOARD ACTION: