HomeMy WebLinkAbout2007 01 08 Regular 301 Set A Special Meeting Date For The Pension Revision
COMMISSION AGENDA
ITEM 301
Regular
January 8. 2007
Regular Meeting
MGR.DEPT.
Authorization
REQUEST: City Manager requesting the City Commission set a date for a special meeting to
review the Pension Attorney's revision and update of the City of Winter Springs Defined Benefit
Pension Plan document.
PURPOSE: This agenda item is needed to establish a date to review the Pension Attorney's revision
and update of the City of Winter Springs Defined Benefit Pension Plan document.
CONSIDERATIONS: On March 13, 2006 the Commission authorized the City Pension Attorney to
revise and update the City of Winter Springs Defined Benefit Pension Plan document.
On November 20, 2006 the Commission voted to direct the Pension Attorney and staff to complete the
revision and update of this document and return it to the Commission for approval by "the end of the
year."
As previously communicated to the Commission, this revision and update had been delayed due to the
Pension Attorney and staffs commitment to the pension plan special study, re: Ch 175/185.
We anticipate having a final draft no later than January 15,2007. Due to the holidays, staff, the Pension
Attorney and the City Actuaries were unable to complete a final draft in December. Additionally, due to
the complexity of and anticipated discussion on the document revision, a special meeting may be more
appropriate for review and approval of this document.
FUNDING: NI A.
RECOMMENDATION: Recommend the City Commission set a date for a special meeting to review
the Pension Attorney's revision and update to the City of Winter Springs Defined Benefit Pension Plan
document.
ATTACHMENTS:
1. Calendar with Pension Attorney's Availability.
COMMISSION ACTION:
Attachment 1
January 2007
Attachment 1
February 2007