pages: PensionBoard/2016-01-25.pdf, 2
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PensionBoard | 2016-01-25 | 2 | City of Alameda Minutes of the Regular Meeting of the Pension Board - Monday, January 25, 2016 Page 2 adjusted to compensate for the recent death of pensioners. He further noted that any revenue going into excess revenue is available towards the City's contributions for the Pension Funds. There may be less transferred from the general fund so as long as they keep available and cover the City's obligation. Member Soderlund asked if the Pensioners in Plan 1082 get a raise or cost adjustment due to the cost of living. Financial Services Manager, Geoffrey Buchheim responded that he did not know. Member Soderlund mentioned that with PERS, there is a 2% adjustment, depending on the 1082 contract at the time. Interim Human Resources Director, Susan Gonzales also mentioned that she understood that PERS caps to a maximum of 2% with some provisions of adjustment, but is not familiar with the 1082 Pension Plan. Financial Services Manager, Geoffrey Buchheim stated he will look into it for the next meeting. Member Soderlund noted there are adjustment differences at the time from what PERS offered 1082 members with the option to transfer over, and the members who remained on the 1082 plan did not receive adjustments compared to what PERS offered at the time. Member Soderlund moved to accept the financial statement. Member Elzig seconded. Passed 3-0 4-B. Memo regarding the death of 1079 Pensioner - Gloria Haley (widow of Police Sergeant Ernest L. Haley) deceased 11/03/2015, and Yolanda McArthur (widow of Police Sergeant William McArthur) deceased 12/16/2015, was accepted with regret by Member Edwards and seconded by Member Soderlund. Passed 3-0. Member Elzig asked if condolence letters were sent from the Mayor. Interim Human Resources Director, Susan Gonzales confirmed that letters were sent. 5. ORAL COMMUNICATIONS, NON-AGENDA (PUBLIC COMMENT): There was no communication from the public. 6. PENSION BOARD COMMUNICATIONS (COMMUNICATIONS FROM BOARD): Interim Human Resources Director, Susan Gonzales introduced Nancy Bronstein as the new Human Resources Director. She also announced Human Resources Manager, Jill Kovacs and Human Resources Administrative Technician, Lia Faapouli, retired. Nafisah Ali was introduced as the new Administrative Technician. Member Soderlund asked if the City was aware of the passing of former Police Sergeant, George Gardiner. Interim Human Resources Director, Susan Gonzales | PensionBoard/2016-01-25.pdf |