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Summary:
The General Employees' Pension Advisory Committee (PAC) met on December 3, 2015. The PAC's actuary presented the Five-Year Experience Study for the period of October 1, 2009 through September 30, 2014. |
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Fiscal & Efficiency Data:
N/A
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Recommended Action:
Accept the recommendations of the General Employees' Pension Fund Five-Year Experience Study including adopting the RP2000 Mortality Table, lowering the rate of assumption to 7.5% and wage inflation to 3.75%, extending the amortization period to eight years, dated September 30, 2015, and accept the amended minutes from the September 3, 2015 PAC meeting. |
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Agenda Item attachment(s) on file in the City Clerks Office.
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Note:
All agenda items must
be in the City Clerk's office by Noon Friday, six(6) business days prior to the
regular Monday City Council meeting.
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Contact:
Michele V. Keane
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Approved By:
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Department
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Date and Time
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Budget Outside Routing Approval |
12/30/2015 10:01 AM |
City Clerk |
12/30/2015 1:02 PM |
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