Special Committee on City Pension Sustainability

Agenda

 

 

 

Tuesday, August 4, 2009

Tape No.________________________

3:00 p.m.        

 

Council Chambers 1st Floor,  City Hall

Dana M. Farris,

Chief of Legislative Services

 

 

Michael Corrigan, Chair, Excused

Director:  Cheryl L. Brown

Warren Jones, Vice Chair

Legislative Assistant: Sharonda Pender

Reginald Brown, Absent

Council Auditor: Kirk Sherman

Kevin Hyde Excused (left at 3:46 p.m.)

Council Auditor: Thomas Carter

Stephen Joost

Attorney: Derrel Chatmon

 

Attorney:  Peggy Sidman

 

Chief of Research: Jeff Clements

 

Administration:  Sherry Hall

 

Subject Matter Experts:

 

            Henry Cook, Jacksonville Retirement System Trustee, Excused

            John Keane, Police and Fire Pension Administrator

Alan Mosley, Chief Administrative Officer - COJ

            Sheila Sharp-Caulkins, Retired Employees Association President

            David Kilcrease, Lieutenant – JSO, Corrections Officers Pension

 

Meeting Convened: 3:05 p.m.             Meeting Adjourned: 3:59 p.m.

 

 

Attendance:

Mickey Miller, Director of Finance, CFO

Former C/M Terry Wood

 

Agenda:

 

1)                  Introductory Remarks – Warren Jones, Vice Chair

 

2)                  Backup Material on the $1.273 Billion Savings – Mickey Miller

 

3)                  Extension for the Use of City Stabilization Forward from 2006-2008 – John Keane

 

4)                  Pension Excess Contributions (PEC) Stabilization Reserve

·         How Created (where does the money come from)

·         Strategic Use (when would it be appropriate)

·         How to Reconcile Future Use & Recent Council Actions

 

5)                  Questions & Answers

 

6)                  Recap of Issues & Questions

 

7)         Adjourn

 

The next regularly scheduled meeting will be held on Tuesday, August 18, 2009 at 3:00 p.m.