Meeting Date:              March 9, 2009


From:                           Edward F. Smyth, Jr., Deputy City Manager


Subject:                       Ordinance amending the General Employees Pension Plan changing various sections of the plan to ensure compliance with federal regulations



Staff Recommendation:

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

Fiscal Impact: 

There is no fiscal impact resulting from these changes.

Submission Date and Time:    3/19/2009 11:44 AM____


Department: Administration

Prepared by:  EF Smyth, DCM                     

Attachments:         Yes____   No ______

Advertised:   ____Not Required ______                      

Dates:   _________________________


Attorney Review :       Yes___  No ____


Revised 6/10/04


Reviewed by: Dept. Head ________


Finance  Dept. __________________                                     


Deputy C.M. ________EFS________                                                                         


Submitted by:

City Manager ___________________


Account No. _________________


Project No. ___________________


WF No. ______________________


Budget  ______________________


Available _____________________