HomeMy WebLinkAboutRetirement Committee - Minutes - 02/16/1983•
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MEMBERS PRESENT:
MEMBERS ABSENT:
SPECIAL GUESTS:
GENERAL EMPLOYEES' RETIREMENT
RONALD R. WOOD'S OFFICE
FEBRUARY 16, 1983
Don Botteron
Mollie Mercer
Angie PoweLL
Deb McCLurkin
Ronald R. Wood
None
Don Mazanec
Mike Powers
The General Employees' Retirement Committee meeting of February 16,
1983, was called to order by Chairman Botteron.
Regarding the matter of Ms. Elsie Marron (she is receiving an EarLy
Retirement Benefit plus Disability Insurance), Mr. Mazanec stated
he felt the matter was best Left as it is. Ms. Marron is not
receiving an "off -set" disability payment right now, but Mr, Mazanec
checked with Equitable in Denver, and they stated that they wero
Looking into beginning to off -set disability payments when a
person is also receiving payments under any kind of group sponsored
plan. This might eventually affect the payments received by
Ms. Marron.
During review of the plan amendment changes, Mr. Mazanec stated
that he was not aware that City Council, in 1982, deleted all
provisions pertaining to disability under the retirement plan.
He requested that copies of signed Resolutions Vs 3 & 4 be sent
to him. Because of this, he will need to make some additional
changes to his amendments and will forward these on to the
Retirement Committee when completed.
There was much discussion on whether or not employees should be
aLLowed to choose an early retirement benefit when they are going
to be applying for disability insurance.
Ronald R. Wood made a motion that - "The board take aLL steps
necessary to amend the current retirement plan so that no "retirement"
benefits will be paid to individuals while they are receiving
disability insurance payments. Upon termination of disability,
then the plan will pay retirement benefits." Motion died for
Lack of a second.
After direction and consultation by Don Mazanec, Deb McCLurkin
40 made a motion that Don Mazanec draft an amendment allowing an
employee, if eligible, to choose the option of early retirement
with disability payments. Seconded by Ron 'Wood. Motion passed
unanimously.
On a motion by Chairman Botteron, seconded by Deb McCLurkin,
the meeting was adjourned.
APPROVED:
46
cc: City Manager
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