HomeMy WebLinkAboutRetirement Committee - Minutes - 07/21/1983ft
GENERAL EMPLOYEES' RETIREMENT COMMITTEE
Minutes of Meeting on July 21, 1983
Members Present:
Members Absent:
Ronald R. Wood's Office
Don Botteron
Deb McClurkin
Mollie Mercer
Angie Powell
Ronald R. Wood
The Meeting of the General Employees' Retirement Committee on Tuesday,
July 19, 1983 was called to order by Don Botteron.
Retirement benefits for Ms. Parke Langholf were discussed. Calculations were
obtained from A.S. Hansen and were presented to Ms. Langholf on July 14, 1983.
Ms. Langholf chose the Normal Benefit Retirement Option of $356.11. Because
of the fact that Ms. Langholf's normal retirement date is October 22, 1984, the
Retirement Committee voted to postpone approval of her retirement until Ms.
Langholf was notified, clarifying her options.
The two options available to her are:
1. Payment of $356.11 at normal retirement benefits, with payment starting
November 1, 1984
2. Payment of $328.41 at early retirement benefits with payments starting
September 1, 1983.
Motion was made by Don Botteron for Ms. Langholf to be contacted by the
Committee Staff Support. Options would be presented to her, and a telephone
poll approving desired option be conducted. Motion seconded by Mollie Mercer.
A brief discussion of the Actuarial Report submitted by A.S. Hansen took place.
Because of Ron Wood's absence, it was decided that a follow-up meeting be set
up to discuss this report as well as cost -of -living increases. Angie Powell and
Don Botteron had questions regarding the Actuarial Report which need to be
answered at the next meeting.
With no further business to discuss, the meeting was adjourned by Don Botteron.
APPROVED:
Donn Botteron, Chairman '
cc: John E. Arnold, City Manager
/cj
onald R. Wood, Finance Director