Staff recommends approval of the proposed ordinance amending the General Employees Pension Plan.
These changes to the plan are at the request of the pension fund’s attorney, Scott Christiansen, to keep the plan in compliance with federal regulations. These changes result in no actuarial impact.
1. Adopt the ordinance as presented; or
2. Such alternative action as the Commission may deem appropriate
There is no fiscal impact resulting from these changes.
Prepared by: EF Smyth, DCM
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Reviewed by: Dept. Head ________
Finance Dept. ______JB__________
Deputy C.M. ________EFS________
City Manager ___________________
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